Mixed-Use Building with
For Sale
$1,100,000
47 E Broadway Street, Butte, MT 59701
Butte, MT
Property Size10,152 SF
Price / SF$108.35
Days on Market122
Property Features for 47 E Broadway Street
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Size
10,152 SF
Amenities
central air
Building Details
Year built
1900
Listing Agency:
Engel & Volkers Butte · Engel & Völkers
(406) 565-4935
Listed By:
Trevor Bristol · License #99283
(406) 498-5682
Added: Jun 12
Changed: Oct 10
Last Checked: Oct 11 at 3:06AM
MLS# 411113
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 10,152-square-foot mixed-use building has three floors and a full basement. Nine apartments occupy the upper levels, while a café operating on the main floor serves weekday lunch and catering. Apartment leases are month to month. Central air serves the dining rooms and downstairs space. Building improvements include a rubber membrane roof and updates to the electrical system, sewer, and hot water heater.
At 47 E Broadway Street in Butte’s historic business district, the property is in an Opportunity Zone and qualifies for URA and BLDC grants and loans.
At 47 E Broadway Street in Butte’s historic business district, the property is in an Opportunity Zone and qualifies for URA and BLDC grants and loans.
Key Highlights
- 10,152 square feet across three floors, plus a full basement
- Nine upper‑floor apartments with month‑to‑month tenants
- Ground‑floor café currently serving weekday lunch and catering
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,231
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,644,620
$1.6M
Cap Rate 7%
$1,174,729
$1.2M
Cap Rate 9%
$913,678
$913.7K
Market Conditions
NOI Build-Up for 10,152 SF
Gross rent
$146.2K $14.40/SF
− Vacancy
−$14.6K −$1.44/SF
EGI
$131.6K $12.96/SF
− OpEx
−$49.3K −$4.86/SF
NOI
$82.2K $8.10/SF
Area
Silver Bow County, MT
Vacancy
10.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,644,620
Cap Rate 7%
$1,174,729
Cap Rate 9%
$913,678
Alternative Uses
Best Use
Specialty Retail
$1.78M
$1.56M – $2.08M
NOI $124,717 @ 7.0% cap · market cap 11.34%
Second Best
Mixed Use
$1.17M
$1.03M – $1.37M
NOI $82,231 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$2.21M
$1.94M – $2.58M
NOI $154,877 @ 7.0% cap · market cap 14.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
1,330
Businesses Nearby
Explore this area
Business Placement
Demographics for 59701, MT
33,937
Population
16,834
Households
2
Avg Household Size
42
Median Age
27%
College-Educated
94%
High-School Grad
509.7 sq mi
ZIP Area
67
Density / Sq Mi
$56,799
Median Household Income
$34,793
Median Earnings
$811
Median Rent
$219,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Nine apartments above a ground-floor café create a combination of residential and commercial space.
Where is this mixed-use property located?
The property is located at 47 E Broadway Street Butte, MT.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 10,152 square feet across three floors, plus a full basement; Nine upper‑floor apartments with month‑to‑month tenants; Ground‑floor café currently serving weekday lunch and catering
