Building Details

Building Size 10,875 SF

Year Built 1895

Listing Agency: RE/MAX Legacy Show Phone

Listed By: Chris Eastlund Show Phone

Source: Outlaw

Added: Sep 12, 2025 Changed: Oct 3 Last Checked: Oct 19 at 4:22AM

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Investment Insights

Based on property information with market context.

This three-story brick building contains 10,875 square feet and dates to the late nineteenth century, with construction beginning in 1888 and completion in 1894. The main floor is currently occupied by Annie’s Cafe, providing an established restaurant use within the property.

Located at 801 E Front St in Butte, MT, the building has a documented history as a former railroad hotel. Its substantial masonry construction, multi-story configuration, and existing café occupancy define the property’s current commercial profile.

Key Highlights

• 10,875‑square‑foot three‑story brick building
• Construction began in 1888 and finished in 1894
• Main floor currently rented to Annie’s Cafe

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$65,862

Cap Rate

8.84%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,317,240 $1.3M

Cap Rate 7%

$940,886 $940.9K

Cap Rate 9%

$731,800 $731.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,875 SF

Gross rent

$163.1K $15.00/SF

− Vacancy

−$24.5K −$2.25/SF

EGI

$138.7K $12.75/SF

− OpEx

−$72.8K −$6.69/SF

NOI

$65.9K $6.06/SF

Area

Silver Bow County, MT

Vacancy

15.00%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

52.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,317,240

Cap Rate 7%

$940,886

Cap Rate 9%

$731,800

Alternative Uses

Best Use

Specialty Retail

$1.91M

$1.67M – $2.23M (±1% cap)

NOI $133,599 @ 7.0% cap · market cap 17.93%

Second Best

Hotel Hospitality

$940.9K

$823.3K – $1.10M (±1% cap)

NOI $65,862 @ 7.0% cap · market cap 8.84%

Theoretical Best

Office A

$2.37M

$2.07M – $2.77M (±1% cap)

NOI $165,907 @ 7.0% cap · market cap 22.27%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Annie's Cafe Restaurant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Veterinary Clinic Butcher Garden Center Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

564

Businesses Nearby

57k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 63% Dining 17% Home Improvements & Furnishings 12% Beauty & Spa 4%

Dollar Tree Shops & Services

8,984 visits/mo 0.4 miles

Conoco Shops & Services

7,232 visits/mo 0.1 miles

Town Pump Shops & Services

7,071 visits/mo 0.5 miles

Exxon Shops & Services

7,066 visits/mo 0.5 miles

Butte True Value Home Improvements & Furnishings

7,006 visits/mo 0.3 miles

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

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Three-story historic brick property with a café occupying the main floor.

Where is this conventional restaurant located?

The property is located at 801 E Front Butte, MT.

What is the asking price?

The asking price for this property is $745,000.

What are key features of this property?

This property features: 10,875‑square‑foot three‑story brick building; Construction began in 1888 and finished in 1894; Main floor currently rented to Annie’s Cafe