206 Granite StButte, MT 59701

Property Details for 206 Granite St

Year built

1952

Construction

WOOD

Lot size

0.12 AC

Property size (Sq ft)

3,176 SF

Zone code

1

Property type

Retail properties

Property subtype

Retail space

APN

01-1197-13-2-30-09-0000

APU

1119713230090000

Description

This exceptional 7,461 square foot commercial property, located at 206 W Granite Street in Butte, Montana, presents a unique investment opportunity. Situated in the vibrant Uptown Butte Commercial District, this single-tenant building enjoys high visibility and proximity to the County Courthouse, ensuring excellent accessibility and foot traffic. The property features a flexible layout, easily adaptable to various business needs. The ground floor offers versatile space suitable for office, retail, or a mixed-use configuration, and can be easily divided into two separate units. A significant advantage is the lower level, which provides ample storage accessible from both the street level and a convenient back alley. Further enhancing its functionality is a warehouse/shop area equipped with a garage door, allowing for convenient vehicle access. The property sits on a 5,401 square foot lot (APN: 01119713230090000). The current blended annual rent is $10.45 per square foot, however, the owner is open to leasing smaller portions of the space to suit individual tenant requirements. This makes it an ideal location for a variety of businesses seeking a prominent presence in Butte's thriving commercial heart. This is a traditional office building with one suite.

• CAP approach

  CAP return

  Valuation

  6%

  $834,932

  6.5%

  $770,707

  7%

  $715,656

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,706,430

  Geo Method

  $1,706,430

• Alternative Use

  Use

  Valuation

  Residential

  $650,120

  Hospitality

  $595,506

  Educational

  $495,454

  Medical

  $512,494

  Retail

  $770,707

Location Insight

City

Butte

County

Silver Bow

State

Montana

Latitude

46.014

Longitude

-112.54

CBSA code

15580

CBSA name

BUTTE-SILVER BOW, MT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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