59 E Park St Butte, MT 59701
Revitalized historic mixed-use property with renovated apartments and four ground-level commercial spaces.
Property Features for 59 E Park St
General Information
- Standard status
- Active
- Size
- 16,572 SF
Listing office Engel & Volkers - Butte (406) 498-5682
Listing date Jun 5, 2025
Source Exprealty
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Investment Insights
Based on property information with market context.
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
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $248.6k | $15.00 |
| − Vacancy | −$6.5k | −$0.39 |
| EGI | $242.1k | $14.61 |
| − OpEx | −$72.6k | −$4.38 |
| NOI | $169.5k | $10.23 |
