Property Description

Welcome to the historic Stephens Hotel Building, an exceptional mixed-use investment opportunity located at 140–146 West Park Street in the heart of Uptown Butte, Montana. Positioned at the highly visible intersection of Park Street and Montana Street, this landmark property has been thoughtfully and extensively renovated to preserve its historic character while incorporating modern systems and finishes throughout. The building is fully updated with new plumbing, electrical, heating, and major infrastructure improvements, offering investors a turn-key asset with immediate income and long-term appreciation potential. The second and third floors feature ten newly renovated residential apartments designed to attract today’s tenants while honoring the building’s original architectural details. Each unit offers spacious living areas with abundant natural light, modern kitchens with stainless steel appliances, and updated bathrooms with quality fixtures. Select units include in-unit laundry, and common laundry facilities are provided for tenant convenience. Original woodwork and restored historical elements add character and charm rarely found in renovated multi-family assets. The main level is home to two established and renovated restaurant leases that provide stable commercial income and benefit from strong foot and vehicle traffic in one of Uptown Butte’s most active corridors. The property is located minutes from Intermountain Health Hospital, Montana Technological University, the Silver Bow County Courthouse, Northwestern Energy Headquarters, and numerous local shops, restaurants, bars, and pubs, ensuring consistent residential and commercial demand. Offered at $2,900,000, the property delivers a 6.2% cap rate with additional upside through potential market rent increases. This is a rare opportunity to acquire a fully renovated, income-producing historic asset in one of Butte’s most desirable and walkable locations, combining strong cash flow, long-term appreciation, and architectural distinction in a single investment.