22 Park StButte, MT 59701

  • Office properties
  • 365 SF
For Sale
$2,300,000 View listing

Property Details for 22 Park St

Year built
1929
Lot size
0.48 AC
Property size (Sq ft)
365 SF
Zone code
C-3
Property type
Office properties
Property subtype
Other office properties
APN
01-1197-13-1-08-22-7000
APU
1119713108227000

Description

This impressive commercial building, situated in the heart of Uptown Butte's revitalized area near the intersection of Park and Main Streets, presents a unique investment opportunity. The three-story structure (two above-grade floors plus a basement) offers 38,050 square feet of space, divided into four distinct condominiums. Condominium #1, encompassing 18,186 square feet, boasts a flexible layout ideal for a variety of uses, including retail, general offices, executive suites, and ample support spaces such as reception areas and breakrooms. Multiple bathrooms are also included within this unit. Several units are currently generating rental income

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $65,275
    6.5%
    $60,254
    7%
    $55,950
  • Comparable approach

    Method
    Valuation
    Relative Method
    $77,822
    Geo Method
    $77,822
  • Alternative Use

    Use
    Valuation
    Residential
    $74,715
    Hospitality
    $68,438
    Educational
    $56,940
    Medical
    $58,898
    Retail
    $88,573
22 Park St, Butte, Montana

Location Insight

City
Butte
County
Silver Bow
State
Montana
Latitude
46.0124
Longitude
-112.536
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
-
-
-
$236,123
-
$25,393
$210,730
$236,123

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