Butte

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

Market Indicators

33%

Inventory Change YOY

99%

Average Occupancy

302

Average Days on Market

34,494

Population

$57,633

Median Household Income

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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. 

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. 

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