Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    59 E Park St, Unit D Butte, MT 59701
    Back to Search
    Property profile & analytics

    59 E Park St, Unit D Butte, MT 59701

    View on Map
    • Retail space
    • 16,705 SF
    • 0.19 lot acres
    For Sale
    $122,347
    View Listing →
    Uptown Butte Commercial Space For Sale
    $122,347
    495 SF

    Uptown Butte Commercial Space

    Flexible commercial spaces in prime Uptown Butte location.

    59 Park Street C, Butte, MT 59701
    View Listing
    Property ID
    US52-0743308
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 59 E Park St

    Year built
    1905
    Construction
    WOOD
    Lot size
    0.19 lot acres
    Property size
    16,705 SF
    Zone code
    C3
    Property type
    Retail space
    APN
    01-1197-13-1-15-06-0000
    APU
    1119713115060000

    Description

    Invest in five brand-new commercial condos nestled within a beautifully renovated century-old building in Uptown Butte, Montana. Located at 59 E Park St, this mixed-use development offers a unique opportunity to establish your business in a vibrant, up-and-coming area. These units are perfect for a variety of uses, including traditional office space, executive suites, or even a unique retail establishment. The condos feature expansive floor-to-ceiling windows, providing abundant natural light and creating an inviting atmosphere. The interior spaces are currently unfinished, allowing for complete customization to suit your specific needs and vision. This prime location near the corner of Park and Main Streets offers excellent visibility and accessibility. The building's recent 2024 renovation seamlessly blends historic charm with modern amenities, reflecting Butte's progressive spirit. These commercial condos are part of a larger project that includes residential units, fostering a diverse and thriving community. Don't miss this chance to be part of Butte's exciting revitalization. Contact us today to learn more about these exceptional investment opportunities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Butte
    County
    Silver Bow
    State
    Montana
    Longitude
    -112.534
    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
    $7,946
    $0.00
    $0.00
    $616,572
    -
    $47,082
    $569,490
    $616,572

    Comparable in this City

    • Value Estimation by Request
      2,644 SF

      819 Frnt St

      RETAIL STORES (PERSONAL SERVICES) • 2,644 SF
      819 Frnt St, Butte, MT 59701-2927
      View Details
    • Value Estimation by Request
      815 SF

      Butte, MT 59701

      RETAIL STORES (PERSONAL SERVICES) • 815 SF
      Butte, MT 59701
      View Details
    • Value Estimation by Request
      1,282 SF

      2220 Cobban St

      RETAIL STORES (PERSONAL SERVICES) • 1,282 SF
      2220 Cobban St, Butte, MT 59701-5699
      View Details
    • Value Estimation by Request
      1,490 SF

      Butte, MT 59701

      RETAIL STORES (PERSONAL SERVICES) • 1,490 SF
      Butte, MT 59701
      View Details
    • Value Estimation by Request
      2,065 SF

      109 Montana St

      RETAIL STORES (PERSONAL SERVICES) • 2,065 SF
      109 Montana St, Butte, MT 59701-9219
      View Details
    • Value Estimation by Request
      2,100 SF

      1006 Montana St

      RETAIL STORES (PERSONAL SERVICES) • 2,100 SF
      1006 Montana St, Butte, MT 59701-2840
      View Details

    Similar Nearby for Sale

    • $122,347
      495 SF

      Commercial Space in Rudolph Condos

      Flexible commercial spaces in Uptown Butte, perfect for retail/office.
      59 E Park St, Butte, MT 59701
      View Details
    • $97,076

      Rudolph Condos Commercial Space

      Flexible commercial spaces in prime Uptown Butte location.
      59 E Park St, Butte, MT 59701
      View Details
    • $1,000,000
      0.18 Acres

      Butte Commercial Space with Incentives

      Versatile 25,000+ sq ft space in URA Opportunity Zone.
      75 E Park St, Butte, MT 59701
      View Details
    • $97,056
      306 SF

      Uptown Butte Commercial Space

      Flexible commercial spaces in prime Uptown Butte location.
      59 E Park St, Butte, MT 59701
      View Details
    • $83,943
      209 SF

      Rudolph Condos Commercial Space

      Flexible commercial spaces in prime Uptown Butte location.
      59 E Park St E, Butte, MT 59701
      View Details
    • $218,880
      1,025 SF

      Uptown Butte Commercial Space

      Flexible commercial space in prime Uptown Butte location.
      59 E Park St, Butte, MT 59701
      View Details

    Similar Nearby for Lease

    • $5,000 /Mo
      5,200 SF

      Updated Commercial Space in Butte

      Modern 5,200+/- sq ft space in Historic Uptown Butte.
      207 S Montana St, Butte, MT 59701
      View Details
    • Contact for pricing

      Harrison Avenue Retail/Office Space

      Office and retail space in a well-known location.
      1230 Harrison Ave, Butte, MT 59701
      View Details
    • Contact for pricing
      5,200 SF

      Butte Retail Space Available

      Retail space for rent in historic Uptown Butte.
      207 S Montana St, Butte, MT 59701
      View Details
    • $15 SF/Yr
      3,746 SF

      Historic Hennessy Building Office Space

      Versatile 3,746 sq ft space in Uptown Butte landmark.
      130 N Main St, Butte, MT 59701
      View Details
    • $60 SF/Yr
      27,940 SF

      Butte Warehouse District Office

      Large industrial space, for sale or lease.
      1011 2Nd St, Butte, MT 59701
      View Details
    • $15 SF/Yr
      2,814 SF

      Hennessy Building Office Space

      Move-in-ready office space in historic Butte landmark.
      130 N Main St, Butte, MT 59701
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    59 E Park St, Unit D
    Butte, MT 59701
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    59 E Park St, Butte, MT, 59701
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!