Turnkey Mixed-Use
For Sale
$3,000,000
59 E Park Street, Butte, MT 59701
Revitalized historic mixed-use property with renovated apartments and four ground-level commercial spaces.
Property Size16,572 SF
Price / SF$181.03
Days on Market490
Property Features for 59 E Park Street
General Information
Standard status
Active
Size
16,572 SF
Property subtype
Commercial
Zoning
C3
Additional Details
Multifamily Units
12
Building Details
Building Size
16,572 SF
Tenancy
Multi
Listing Agency:
Swan Land Company
(406) 995-2404
Listed By:
Ethan Stokes
(406) 579-1989
Source:
Outlaw
Added: Jun 5, 2025
Changed: Oct 2
Last Checked: Oct 5 at 3:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Swan Land Company
Investment Insights
Based on property information with market context.
This turnkey mixed-use property has been fully revitalized as a historic building and includes 12 renovated residential units, consisting of four two-bedroom units and eight one-bedroom units. The property also features four ground-level commercial spaces designed for future build-out, providing flexibility for retail, office, or service-based uses.
The asset is positioned in a central, walkable Uptown Butte setting, within a district described as rich with history and culture. While specific frontage, access details, and nearby tenants are not provided, the property’s combination of apartments and street-level commercial space supports day-to-day convenience for residents and commercial operators.
For tenants, the unit mix offers a straightforward path for both one- and two-bedroom households in a renovated environment. For buyers and commercial operators, the presence of four ground-level spaces adds leasing optionality for a range of business types, with the residential component already completed as renovated living units. The overall configuration supports an owner seeking to manage both housing and retail or office operations within the same building.
The asset is positioned in a central, walkable Uptown Butte setting, within a district described as rich with history and culture. While specific frontage, access details, and nearby tenants are not provided, the property’s combination of apartments and street-level commercial space supports day-to-day convenience for residents and commercial operators.
For tenants, the unit mix offers a straightforward path for both one- and two-bedroom households in a renovated environment. For buyers and commercial operators, the presence of four ground-level spaces adds leasing optionality for a range of business types, with the residential component already completed as renovated living units. The overall configuration supports an owner seeking to manage both housing and retail or office operations within the same building.
Key Highlights
- 12 fully renovated residential units: four 2‑bedroom units and eight 1‑bedroom units
- Four ground‑level commercial spaces included in the main building and ready for build‑out
- Mixed‑use property with residential units plus commercial spaces for retail, office, or service uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$169,482
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,389,640
$3.4M
Cap Rate 7%
$2,421,171
$2.4M
Cap Rate 9%
$1,883,133
$1.9M
Market Conditions
NOI Build-Up for 16,572 SF
Gross rent
$248.6K $15.00/SF
− Vacancy
−$6.5K −$0.39/SF
EGI
$242.1K $14.61/SF
− OpEx
−$72.6K −$4.38/SF
NOI
$169.5K $10.23/SF
Area
Silver Bow County, MT
Vacancy
2.60%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,389,640
Cap Rate 7%
$2,421,171
Cap Rate 9%
$1,883,133
Alternative Uses
Best Use
Retail
$2.42M
$2.12M – $2.82M
NOI $169,482 @ 7.0% cap · market cap 5.65%
Second Best
Mixed Use
$1.92M
$1.68M – $2.24M
NOI $134,233 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$3.61M
$3.16M – $4.21M
NOI $252,820 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
12
Residential units
Multi-tenant
Tenancy
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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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Revitalized historic mixed-use property with renovated apartments and four ground-level commercial spaces.
Where is this mixed-use property located?
The property is located at 59 E Park Street Butte, MT.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 12 fully renovated residential units: four 2‑bedroom units and eight 1‑bedroom units; Four ground‑level commercial spaces included in the main building and ready for build‑out; Mixed‑use property with residential units plus commercial spaces for retail, office, or service uses
