35,584 SqFt
35,584 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 35,584 sqft
Price per Sqft $30
MLS Listing ID 30026821
Construction Status See Remarks
HOA Y/N No
Year Built 1880
Annual Tax Amount $9,688
Tax Year 2023
Lot Size 10,193 Sqft
Acres 0.234
Property Description
The interior floors could be restored to residential apartments or converted for commercial use. More information on the building is available and the current owner is interested in all offers, including partnership/investment on a renovation project.
Contact Beau Stumberg at 406-439-2884, or your real estate professional today. Agent is related to seller. A feasibility study was conducted over the winter which available with a signed NDA. Because the building is historical, it is eligible for a number of grant and tax credit opportunities, most notably historic tax credits. The current owner is ready and motivated to sell but is also interested in equity partnerships or other creative solutions to get the property habitable again.
Currently there are two tenants, The General Mercantile and Anchor G Events. Anchor G operates the entire fourth floor and 417 N Last Chance Gulch, which is one of the three commercial/retail spaces on the ground floor. The third space has a lease in place and will be occupied in November. Rent roll is found in the documents.
The two residential floors are out dated and in rough condition. They need of major repair due to age and some fire damage. The fire which occurred in one small portion of the building and damaged only a portion of the building. The building still has its structural integrity. The boiler was replaced in 2014 and is in good shape. The roof has been recently repaired and is in fair condition.
Current rent roll is $8500 per month, $11,100 starting Dec. 1st.
Location
State MT
County Lewis And Clark
Interior
Heating Gas, Hot Water
Fireplace No
Exterior
Garage On Street
Utilities Available Electricity Available, Natural Gas Available
Water Access Desc Community/Coop
Roof Type Rubber
Present Use Mixed Use,Retail
Building
Foundation Stone
Sewer Community/Coop Sewer
Water Community/Coop
Construction Status See Remarks
Others
Tax ID 05188830204030000
Security Features Fire Alarm
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
