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    40 Broadway St Price & Butte, MT 59701

    Sponsored
    For Sale
    $449,000

    Prime Butte location, 24,100+ sq ft, historic charm.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional mixed-use property, located at 40 E Broadway Street in Butte, Montana, presents a unique investment opportunity. Originally constructed in 1893 as the Ellwood Block and later expanded in 1912 as the Montana Electric Building, this 24,100+ square foot property boasts a rich history and significant potential. The buildings, currently connected to adjacent structures, sit on a 7,851 square foot lot and are zoned C3 Mixed Use Commercial, allowing for a variety of development options. The upper floors are ideally suited for residential conversion, while the street level is perfect for retail or dining establishments. Sweeping views from the lower rooftop of the "Price" building offer potential for an outdoor space. Existing infrastructure includes elevator service and fire suppression systems. The mid-century turquoise paneling has been removed from the Montana Electric Building, revealing a restorable historic facade. While the Ellwood Block's original details remain covered, a handsome bay-fronted facade could be restored. A transferable Qualified Opportunity Zone Fund is established, and the application process for Federal Historic Tax Credits is underway. The property's location within the Urban Revitalization Agency boundary may qualify it for additional grants and loan programs for restoration and redevelopment. Note that a new owner will be responsible for separating utilities from the Western bordering structure(s) and obtaining a new property address.

    Property Features for 40 Broadway St Price &

    General Information

    Property type
    Mixed-use properties

    Building Details

    Year Built
    1893

    HighLights

    • Historic mixed‑use building (24,100+ SF) in Butte, MT, on a 7,851 SF lot.
    • C3 Mixed‑Use zoning allows for retail, dining, and residential conversion.
    • Potential for outdoor space on lower rooftop.
    • Existing elevator and fire suppression systems.
    • Restorable historic facades; Qualified Opportunity Zone (QOZ) designation and Federal Historic Tax Credits application in progress.
    • Urban Revitalization Agency location may qualify for additional grants and loans; buyer responsible for utility separation and new address.
    Property Profile Location Intelligence

    Current Use by Public Records

    Montana Studios Video Production Service Canadian Montana Gas ... Gas Company

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Butte
    County
    Silver Bow
    State
    Montana
    Longitude
    -112.5342275
    Latitude
    46.0135781

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Butte location, 24,100+ sq ft, historic charm.
    Where is this mixed-use property located?
    The property is located at 40 Broadway St Price & Butte, MT.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: Historic mixed-use building (24,100+ SF) in Butte, MT, on a 7,851 SF lot.; C3 Mixed-Use zoning allows for retail, dining, and residential conversion.; Potential for outdoor space on lower rooftop.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    40 Broadway St Price & Butte, MT 59701
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