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Active
120 W Broadway Butte, MT 59701
29,916 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Building
Listing Status Active
Purchase Type For Sale
Square Footage 29,916 sqft
Price per Sqft $41
MLS Listing ID 402262
Year Built 1917
Annual Tax Amount $8,740
Tax Year 2024
Lot Size 5,140 Sqft
Acres 0.118
Property Sub-Type Building
Property Description
This historic Butte landmark, The Grand, offers a unique opportunity for visionary investors. Built between 1915-1916 as a robust labor temple, its unconventional 2-foot-thick brick exterior speaks to its enduring strength. After a storied past as a hotel, housing Golden Glove boxers under Senator Burton K. Wheeler's direction, The Grand was acquired by the Bolter family and later Bob Lequere, who established a high-altitude boxing training center.
The building boasts significant modern upgrades. The basement, home to the Quarry Brewery, was fully renovated in 2011 with updated electrical and in-floor heating, and holds a long-term lease. The first floor, updated in 2013 with new electrical and plumbing, features a leased space for Derailed Bike Shop (seeking a long-term lease), a private party room, and two offices with an inviting lobby. This floor's unique 2x8 edge-set timber deck provides robust support.
The upper four floors (2-5), each spanning 4,986 square feet, are a developer's dream. Currently with original lath and plaster construction, they are primed for conversion into 20 apartments or condos (five per floor), with a proposed mix of two-bedroom/two-bath, two-bedroom/one-bath, and studio units. Floors 3 and 5 offer exceptional flexibility, with the 3rd floor capable of being cleared for an open layout, and the 5th floor providing stunning 360-degree mountain views. Plumbing and electrical stubs are already in place, ensuring a smooth development process for the upper floors.
The building boasts significant modern upgrades. The basement, home to the Quarry Brewery, was fully renovated in 2011 with updated electrical and in-floor heating, and holds a long-term lease. The first floor, updated in 2013 with new electrical and plumbing, features a leased space for Derailed Bike Shop (seeking a long-term lease), a private party room, and two offices with an inviting lobby. This floor's unique 2x8 edge-set timber deck provides robust support.
The upper four floors (2-5), each spanning 4,986 square feet, are a developer's dream. Currently with original lath and plaster construction, they are primed for conversion into 20 apartments or condos (five per floor), with a proposed mix of two-bedroom/two-bath, two-bedroom/one-bath, and studio units. Floors 3 and 5 offer exceptional flexibility, with the 3rd floor capable of being cleared for an open layout, and the 5th floor providing stunning 360-degree mountain views. Plumbing and electrical stubs are already in place, ensuring a smooth development process for the upper floors.
Location
State MT
County Silver Bow
Area Butte And Surrounding Areas
Direction North on Montana to Broadway go east.
Interior
Heating Forced Air, Gas
Fireplace No
Exterior
Parking Features Off Site
Utilities Available Sewer Available, Water Available
Water Access Desc Public
Building
Sewer Public Sewer
Water Public
Others
Tax ID 0000497600
Acceptable Financing Cash, 1031 Exchange, 3rd Party Financing
Listing Terms Cash, 1031 Exchange, 3rd Party Financing
Special Listing Condition None
Listed by McLeod Real Estate Group, LLC