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Expansive commercial property featuring multiple buildings, gravel parking areas, and three large white storage structures

Industrial property featuring multiple structures, extensive paved lot, and direct rail line frontage

Industrial property featuring a main building with a flat roof and a red brick facade

Office space featuring textured carpet flooring, drop ceiling with recessed lighting, and multiple windows with horizontal blinds

Restroom featuring a wall-mounted sink, toilet, and light-toned resilient flooring

Large open space with exposed wood beam ceiling, concrete flooring, fluorescent lighting, and a roll-up garage door

Spacious industrial interior featuring exposed wood beam ceilings, overhead ductwork, and abundant fluorescent lighting

Industrial workspace featuring exposed brick walls, wood-finish flooring, and a comprehensive overhead ductwork system

Spacious industrial interior featuring extensive wood-finish flooring

Compact washroom featuring a wall-mounted sink, ceramic toilet, and speckled floor

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Description

Commercial investment opportunity offering an attractive in-place cap rate with significant room for future growth. Located at 1223 Kaw Avenue in Butte, this 1.59-acre city lot is zoned CM and improved with three storage facilities consisting of 60 units, a large yard leased to a commercial company, and a substantial commercial building occupied by a long-term tenant. The commercial building is equipped with an elevator. The commercial lease provides dependable income with annual base-rent escalations, while the tenant is responsible for property taxes, insurance, building maintenance, and other property-related expenses. The leased yard provides an additional established revenue stream, and the storage facilities generate current income with further upside available through increased occupancy and rental rates. The storage facilities are gated, monitored by security cameras, and receive security oversight. Continue operating the property in its current configuration, increase storage revenue, or explore future development opportunities. With multiple income streams, favorable lease terms, flexible commercial zoning, an already attractive cap rate, and substantial potential for additional revenue, this property presents a versatile investment opportunity with significant upside. Competitively positioned to attract serious investor interest.

Details

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Parking

Taxes

MLS Number: 30074830

Listing Provided By: Bryanna Deschamps – (406) 531-8849 – bryanna@millenniumrem.com

Millennium Real Estate & Management – (406) 541-6468 – bryanna@millenniumrem.com