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120 W Broadway

Butte, MT 59701

$1,250,000
Commercial Sale Listing
29,916 SqFt

Summary

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.

Details

  • Type
    Building
  • Approx Sq Feet
    29,916
  • Year Built
    1917
  • Heating
    Forced Air, Gas
  • Parking Features
    Off Site
  • Utilities
    Sewer Available, Water Available
  • Days on Market
    17
  • Listing Courtesy of
    McLeod Real Estate Group, LLC
  • MLS #
    402262

Location

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All property data and market statistics are pulled from Big Sky Country MLS.

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