Great Investment Opportunity in Historic Uptown Butte!
Originally constructed as the Montana Electric Building (1912) and the Ellwood Block (1893), the “Price” & “East” buildings are waiting for their next chapter of history to be written. With 24,100 +/- square feet between the two adjoined buildings and C3 Mixed Used Commercial zoning, possibilities are plentiful. Multiple levels lend themselves to ideal residential conversion on the upper floors with retail and dining options at street level. Sweeping views from the “Price” lower rooftop could be the perfect backdrop for an outdoor lounge. Additionally, elevator service and fire suppression infrastructure are already in place.
Previously utilized as part of the Montana Power Company complex, the exterior mid-century turquoise paneling has been removed from the former Montana Electric Building revealing
a restorable historic facade. While the original details of the Ellwood Block are still covered, a handsome bay fronted facade could be brought back to life. Current ownership has already established a transferable Qualified Opportunity Zone Fund along with starting the application process for Federal Historic Tax Credits. Additionally, the property is located within the Urban Revitalization Agency boundary and could be eligible for other special grants and loan programs involving the restoration and redevelopment of this set of 100+ year old buildings.
The “Price” & “East” are currently connected to the Western bordering structure(s). It will be the responsibility of a new owner to separate utilities accordingly. A new unique property address will also be assigned to property in the future.
a restorable historic facade. While the original details of the Ellwood Block are still covered, a handsome bay fronted facade could be brought back to life. Current ownership has already established a transferable Qualified Opportunity Zone Fund along with starting the application process for Federal Historic Tax Credits. Additionally, the property is located within the Urban Revitalization Agency boundary and could be eligible for other special grants and loan programs involving the restoration and redevelopment of this set of 100+ year old buildings.
The “Price” & “East” are currently connected to the Western bordering structure(s). It will be the responsibility of a new owner to separate utilities accordingly. A new unique property address will also be assigned to property in the future.
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Listing Highlights
Subtype
Hotel/MotelPrice Per Sq Ft
$14.48View
City, Mountain(s), ValleyYear Built
1893Living Area (Sq Ft)
24.100 sq.ftTax Annual Amount
$4,575.35Lot Size (Sq Ft)
7851 sq.ftHeating
RadiantCooling
Central AirCounty
Silver Bow
Property Details
- Interior Features
- Basement: [object Object]
- Basement Description: Full, Walk-Out Access
- Elevator
- High Ceilings
- Flooring: Carpet, Linoleum, Other
- Security Features: Fire Sprinkler System, Fire Alarm
- Heating: Radiant
- Cooling: Central Air
Other Rooms
Interior Features
Heating & Cooling
- UtilitiesUtilitiesNatural Gas Available, Electricity Connected, Natural Gas Connected, See RemarksWater SourcePublicSewerPublic Sewer
- Exterior FeaturesLot FeaturesViewsFencingNone
- ConstructionProperty TypeCommercial SaleConstruction MaterialsBrick, Cement SidingFlooringCarpet, Linoleum, OtherYear Built1893Property SubtypeHotel/MotelFoundation DetailsStoneRoofOther, Rubber, Rolled/Hot MopBuilding Area Total24100
- ParkingParking FeaturesOn Street
Location
- MT
- Butte
- 59701
- Silver Bow
- 40 E Broadway Street (Price & East)
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Updated: May 7, 2025 11:00 AM