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$ 1,250,000
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New
120 W Broadway ST 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 30050142
HOA Y/N No
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. See Supplemental Remarks. 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. See Supplemental Remarks. 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
Zoning 6
Interior
Fireplace No
Building
Foundation Poured
Others
Tax ID 01119713113150000
Special Listing Condition Standard
Listed by McLeod Real Estate Group