120 Broadway St Butte, MT 59701-9224
Property profile & analytics
120 Broadway St, Butte, MT 59701-9224
- Hotels
- 23,008 SF
- 0.12 lot acres
Property ID
US52-0746459
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- The Derailed Bike Shop / (Bike/Boat/Book/etc) Store
Property Details for 120 Broadway St
- Year built
- 1900
- Construction
- WOOD
- Lot size
- 0.12 lot acres
- Zone code
- 6
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 01-1197-13-1-13-15-0000
- APU
- 1119713113150000
Description
The Grand Hotel, a stunning six-story mixed-use building at 120 W Broadway Street in Butte, Montana, presents a unique investment opportunity. This iconic 29,220 square foot property, situated on a 0.12-acre lot (5,140 square feet), boasts a rich history, having been built in 1917. Currently generating income from established tenants, including the Quarry Brewery on the lower level and the Derailed Bike Shop and a private event space on the ground floor, the building offers significant upside potential. Floors three through six are currently shell space, previously used as hotel rooms. A proposed plan outlines the conversion of these floors into twenty residential condo units – three two-bedroom/two-bathroom units, one two-bedroom/one-bathroom unit, and one studio unit per floor. This adaptive reuse project is primed for success, given the building's structural design and the high demand for residential units in the area. The property's location within a Qualified Opportunity Zone makes it eligible for Historic Tax Credits, further enhancing its investment appeal. The Uptown Butte location, within the URA District, provides additional incentives for revitalization projects. Adding to the value, a separate 2,091 square foot vacant lot on Broadway Street is included in the sale. A 2023 appraisal valued the entire property at $2,050,000, indicating immediate equity upon purchase at the asking price of $1,300,000.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Butte
- County
- Silver Bow
- State
- Montana
- Longitude
- -112.539
- Latitude
- 46.0132
- CBSA code
- 15580
- CBSA name
- BUTTE-SILVER BOW, MT MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,933
$0.00
$0.00
$599,300
-
$44,118
$555,182
$599,300
