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Property summary
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.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Oct 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
1 recorded sale · 14 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 48,192 SF
- Lot area
- 0.34 ac
- Year built
- 1910
- Stories
- 4
- APN
- 01-1197-13-1-15-23-0000
- Zoning
- 6
- Assessed value · 2023
- $937,649
- Annual tax · 2023
- $10,398
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Signals, scores & lead lists
- 300 owner contacts a month
- 30 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- Signals, scores & lead lists
- 1500 owner contacts a month
- 150 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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