22 Park StButte, MT 59701

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

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

• CAP approach

  CAP return

  Valuation

  6%

  $73,978.20

  6.5%

  $68,287.60

  7%

  $63,409.90

• Comparable approach

  Method

  Valuation

  Relative Method

  $77,821.60

  Geo Method

  $77,821.60

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $137,237

  Retail / Commercial

  $69,827.30

  Mixed-Use / Specialty

  $69,147.30

  Hospitality / Lodging

  $50,170

  Institutional / Educational

  $71,731.30

  Residential Income

  $83,925.60

  Multifamily

  $103,045

  Automotive / Energy

  $61,484

  Parking / Income-Based Land

  $21,643.20

  Restaurant / Food Service

  $35,044.20

  Healthcare / Senior Housing

  $71,351.30

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

FAQs

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