Markets
Butte
Butte, Montana, is a historic mining city located in southwestern Montana. Once a booming center of copper production, Butte’s economy has diversified over the years, with current growth driven by its historical significance, educational institutions, and healthcare sector. The commercial and multi-family real estate markets in Butte are influenced by these factors, along with the city's efforts to revitalize its downtown and attract new residents and businesses. The market has shown signs of revitalization, particularly in the downtown area, but still faces challenges due to the city’s smaller population and industrial history.
Market
Strengths
Historic Significance
Affordable Commercial Real Estate
Affordable Rent
Steady Demand from Healthcare and Education Workers
Market
Weakneses
Small Market Size
Aging Infrastructure
Limited New Development
Declining Population
Market
Opportunities
Downtown Revitalization
Industrial Growth
Renovation of Historic Buildings
Senior Housing
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Past Projects in Butte
Grant Funding Kickstarts New Development
The former gas station and casino located at 2900 Harrison Ave in Butte was acquired for a new City Brew development. The development procured funds from the Butte Silverbow Hardrock Fund to complete remediation on the prior gas station site. City Brew signed a long-term lease with the capital partners of the project, creating generational cash flow and investment opportunities.
Prior Casino Conversion to Restaurant
A former Casino fronting Harrison Ave and I-90 was acquired and remodeled as a multi-tenant space. Dickeys Barbecue signed a long-term lease upon completion of the remodel. The development created new job opportunities for locals and investment opportunities with a stable cash flow.