304 Main StButte, MT 59701

Property Details for 304 Main St

Year built

1900

Construction

WOOD

Lot size

0.48 AC

Property size (Sq ft)

17,446 SF

Zone code

C3

Property type

Office properties

Property subtype

Office buildings

APN

01-1197-13-1-33-01-0000

APU

1119713133010000

Description

This stunning 1892 building at 304 N Main Street, Butte, MT, offers a unique investment opportunity. Spanning 17,446 square feet across three levels plus a full basement, this C3 Mixed-Use zoned property boasts exceptional character and versatility. Original features, including oak woodwork, tin ceilings, and three historic vault doors, add to its charm. The building's prime location within Butte's Urban Revitalization Agency and Opportunity Zone boundaries presents potential for financial incentives and tax credits. Its central location offers proximity to the Original Mine Yard, Federal Court House, Butte Silver Bow Archives, and the Uptown Business District. Enjoy unobstructed views in all directions from this uniquely positioned structure. While some infrastructure upgrades are needed, the building already features a membrane roof, upgraded wiring, a newer sewer line, double-pane windows, a commercial kitchen, a modern fire escape, and elevator service infrastructure. A courtyard could be converted into private parking. The adjacent paved lot is separately owned and not included in the sale. The possibilities are endless, from residential conversions to boutique lodging, dining, retail, office, or medical spaces. This is a chance to own a piece of Butte's rich history and shape its future. The 0.48-acre lot provides ample space for development.

• CAP approach

  CAP return

  Valuation

  6%

  $3,119,962

  6.5%

  $2,879,965

  7%

  $2,674,254

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,719,662

  Geo Method

  $3,719,662

• Alternative Use

  Use

  Valuation

  Residential

  $3,571,157

  Hospitality

  $3,271,160

  Educational

  $2,721,567

  Medical

  $2,815,166

  Retail

  $4,233,549

Location Insight

City

Butte

County

Silver Bow

State

Montana

Latitude

46.0156

Longitude

-112.535

CBSA code

15580

CBSA name

BUTTE-SILVER BOW, MT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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