2702 Walnut StButte, MT 59701

Property Details for 2702 Walnut St

Year built

1903

Construction

WOOD

Lot size

0.22 AC

Property size (Sq ft)

3,670 SF

Zone code

R-4

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

01-1198-20-1-64-27-0000

APU

1119820164270000

Description

This exceptional mixed-use property at 2702 Walnut Street in Butte, Montana, presents a unique investment opportunity. Built in 1903, this 9,496 square foot lot houses a well-established casino and bar with a 32-year history, complete with a Montana Full Beverage License. The sale includes all 20 owned gambling machines, an owned ATM, and all necessary business equipment. The charming interior features custom farm/barn-themed murals. Above the casino, a 2-bedroom, 1-bathroom apartment provides additional income potential or owner accommodations. A private office with exclusive one-car garage access adds to the property's appeal. The property also benefits from a paved parking lot, ensuring convenient access for patrons. The asking price for this turnkey operation is $1,250,000. This is a rare chance to acquire both a profitable business and a substantial property in a prime Butte location, offering a blend of commercial and residential income streams. The property's established reputation and included assets make this a compelling investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $656,326

  6.5%

  $605,839

  7%

  $562,565

• Comparable approach

  Method

  Valuation

  Relative Method

  $782,481

  Geo Method

  $782,481

• Alternative Use

  Use

  Valuation

  Residential

  $751,241

  Hospitality

  $688,132

  Educational

  $572,518

  Medical

  $592,208

  Retail

  $890,584

Location Insight

City

Butte

County

Silver Bow

State

Montana

Latitude

46.0032

Longitude

-112.496

CBSA code

15580

CBSA name

BUTTE-SILVER BOW, MT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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