Renovated Mixed-Use
For Sale
$3,000,000
59 E Park Street, Butte, MT 59701
Butte, MT
Property Size16,572 SF
Price / SF$181.03
Days on Market122
Property Features for 59 E Park Street
General Information
Property type
Commercial Sale
Property subtype
Condominium
Standard status
Active
Size
16,572 SF
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 4:06AM
MLS# 402862
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 16,572-square-foot mixed-use building contains 12 renovated residential units: four two-bedroom apartments and eight one-bedroom apartments. Four commercial spaces occupy the ground level and require build-out, allowing for completion of their interior spaces by future occupants.
Key Highlights
- 16,572‑square‑foot mixed‑use property
- 12 renovated apartments: four two‑bedroom and eight one‑bedroom units
- Four ground‑level commercial spaces ready for build‑out
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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Current Use
Lease Details
12
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
Check the figures for this property
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 - The property combines updated apartments with ground-floor commercial suites awaiting build-out.
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: 16,572‑square‑foot mixed‑use property; 12 renovated apartments: four two‑bedroom and eight one‑bedroom units; Four ground‑level commercial spaces ready for build‑out
