120 W Broadway Street, Butte MT 59701

$1,300,000

120 W Broadway Street, Butte, MT 59701

bedrooms

bathrooms

square feet

29,220

Acreage

0.118

Open Houses

year built

1917

Full Baths

Half Baths

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Located in Uptown Butte, the Grand Hotel is a +/- 29,220 SF mixed-use property situated on a 5,140 SF lot. Built in 1917, this six-story building features +/- 4,870 SF per floor, with the Quarry Brewery occupying the lower level and Derailed Bike Shop along with a private event space on the ground level. Floors 3-6, currently shell space, were formerly used as hotel rooms and are structurally designed to accommodate five condo units per floor, for a total of 20 units. The proposed floor plan includes three 2 BR/2 BTH units, one 2 BR/1 BTH unit, and one studio unit per floor, offering a unique opportunity for an adaptive reuse project. This iconic property generates income while presenting significant upside potential through the 20-unit condo conversion. Situated in a Qualified Opportunity Zone, the Grand Hotel is eligible for Historic Tax Credits and benefits from its location within the URA District, which offers incentives for revitalization. Additionally, the offering includes a 2,091 SF vacant lot on Broadway Street. This property was appraised in 2023 at $2,050,000, offering immediate equity upon purchase.

Location
Subdivision	-
County	Silver Bow
Elementary School	-
Middle School	-
High School	-

Exact location data not provided

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Open houses

None scheduled.

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MLS number: 398145

Listing agent: Michael Reams

Listing broker: Gene Cook Real Estate (406) 586-0302

Last update: Wednesday, February 26 2025 at 6:42 a.m. EST

Kotohomes National