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Welcome to the historic Stephens Hotel Building, an exceptional mixed-use investment opportunity located at 140–146 W Park Street in the heart of Uptown Butte, Montana. Positioned at the highly visible corner of Park Street and Montana Street, this landmark property has been thoughtfully renovated to preserve its historic character while incorporating modern systems and finishes throughout.
The building has undergone extensive improvements, including new plumbing, electrical, heating, and major infrastructure upgrades, creating a truly turn-key investment with immediate income and long-term appreciation potential.
The second and third floors feature 10 beautifully renovated residential apartments, designed to appeal to today's tenants while maintaining the building's original architectural charm. Spacious layouts, abundant natural light, modern kitchens with stainless steel appliances, updated bathrooms, and restored historic woodwork create an attractive living environment. Select units offer in-unit laundry, with additional common laundry facilities available for tenant convenience.
The main level consists of three commercial spaces and is currently occupied by two established restaurant tenants, with one tenant utilizing two of the commercial suites. These long-term tenants provide stable commercial income while benefiting from excellent visibility and strong foot and vehicle traffic along one of Uptown Butte's busiest corridors.
Ideally located just minutes from Intermountain Health, Montana Technological University, the Silver Bow County Courthouse, NorthWestern Energy Headquarters, and numerous local shops, restaurants, breweries, pubs, and entertainment venues, the property enjoys consistent demand from both residential and commercial tenants.
The Stephens Hotel Building delivers an impressive 7.4% cap rate, making it an even more compelling investment opportunity. With stable income, extensive renovations already completed, and additional upside through future rental growth, this property offers the rare combination of strong cash flow, long-term appreciation potential, and historic architectural distinction in one of Montana's most recognizable downtown districts.
Whether you're looking to expand your investment portfolio with a high-performing mixed-use asset or acquire a landmark property with lasting value, the Stephens Hotel Building presents an exceptional opportunity to own one of Uptown Butte's premier income-producing properties.
#413930

Butte

140 W Park

None Beds

None Baths

N/A

$2,600,000

MLS#: 413930

Welcome to 1115-1117 W Park Street! This well kept, well maintained duplex is in a prime location, just two blocks from Montana Tech, and presents a great investment opportunity or live in one while the other pays your mortgage! 1115 has two upstairs bedrooms, 1 bathroom, in unit laundry, and an open living room dining area on the main with a large kitchen.  There is plenty of storage and a shared back yard with a brand new patio.  It was rented until the first of August for $1400.  All furnishings in 1115 are negotiable.  1117 is rented month to month and has a similar layout, thought the upstairs has one larger bedroom and bathroom.  Together the two have a 6% cap rate when fully rented, but the sellers wanted one side to be easier to show.  With its location in walking distance to everything Uptown Butte has to offer, this property is a truly awesome opportunity!  There is a brand new patio out the back doors with a shared back yard. And most importantly, the roof was also recently completely redone.  Close on this one and move in/rent it out the same day!
#413710

Butte

1115-1117 W Park Street

None Beds

None Baths

N/A

$357,000

MLS#: 413710

This 1977 manufactured home is on a permanent foundation and has been updated with new paint, new flooring, furnace, windows, and some wiring and plumbing.  The main living area feels spacious with a raised living room and a dinette table that fits the space perfectly.  The kitchen has ample cabinet space and you will love the view out of your kitchen window!  There are sliding doors to the back deck, and the 1 acre property feels expansive and private.  All 3 rooms are nicely sized with closets, and the bathroom and laundry are located right next to the master.  The property shares a well with the neighbors but has a private septic system.  There are also underground sprinklers, though the seller is unsure if they work.  There is a shed that comes with the property as well.  A home with acreage for under $300k!  Don't miss this opportunity!
#406929

Butte

140 Shoestring Annie Road

3 Beds

1 Baths

980 Sq.Ft.

$280,000

MLS#: 406929

12 Penny Lane — Gallatin Gateway, Montana
Net Leased Showroom & Fabrication Facility
Single Tenant | Purpose Built | Resort Market Exposure
Offered at $10,959,000.
7.25% Cap Rate
Executive Overview
12 Penny Lane offers investors the opportunity to acquire a fully leased, mission critical commercial facility serving Montana’s premier luxury residential construction markets, including Big Sky, Yellowstone Club, Spanish Peaks, and Moonlight Basin. The property is 100% leased to Earth Elements LLC under a newly structured modified NNN lease that delivers durable income, minimal landlord responsibilities, and built in annual rent growth.
Originally purpose built in 2017 with over $4 million in specialized improvements, the facility functions as a destination showroom, fabrication hub, and corporate headquarters. The building’s highly customized nature significantly reduces tenant relocation risk and provides strong long term income security.
Investment Highlights
• 100% Occupied, Single Tenant Asset
New arm’s length lease with established operating tenant
• Strong In Place Cash Flow
Net Operating Income of approximately $819,726.
• Modified NNN Lease Structure
Flat $3.00/SF expense recovery with no annual reconciliation
• Annual Rent Growth
3% annual escalations on base rent
• Purpose Built, Non Commodity Real Estate
Irreplaceable showroom and fabrication infrastructure
• High Barrier Resort Market Location
Limited competing inventory for comparable uses
• Replacement Cost Support
Insured building replacement value of $7.29M (exclusive of land)
Property Description
Address: 12 Penny Lane, Gallatin Gateway, MT 59730
Property Type: Commercial — Showroom / Fabrication / Warehouse
Total Rentable Area: 38,563 SF (inside wall measurement)
• Office / Showroom: 16,288 SF
• Warehouse / Fabrication: 23,823 SF
The property features a custom architectural façade, extensive glass storefront exposure, and seven fully built out showroom departments serving architects, designers, and high net worth clientele. The rear fabrication area includes advanced CNC machinery, water jet cutting, overhead crane systems, and loading dock access—creating a vertically integrated operational environment.
#409921

Gallatin Gateway

12 Penny Lane Lane

None Beds

None Baths

40,111 Sq.Ft.

$11,307,000

MLS#: 409921

Welcome to The Oak Street House in the heart of Townsend, MT! This well-maintained 3-bedroom, 1-bath home offers 1,120 sq. ft. of comfortable living space on a 0.16-acre lot. Built in 1975, it features a cozy wood stove, newer kitchen appliances, and a roof that's only 3 years old for added peace of mind. Mature trees create a private, welcoming setting, while the fully fenced front yard offers space for pets, play, or relaxing outdoors. The functional floor plan is ideal for first-time buyers, those looking to downsize, or investors. Conveniently located near schools, parks, shopping, and all the outdoor recreation Townsend is known for, this home offers the perfect blend of comfort, privacy, and small-town Montana living. Come discover The Oak Street House!
#413780

Townsend

513 N Oak Street

3 Beds

1 Baths

1,120 Sq.Ft.

$325,000

MLS#: 413780

Set on 3 wooded acres, this rustic cabins offers the perfect blend of seclusion and accessibility. Surround by towering pines and mountain views, the cabin provides a cozy haven for outdoor enthusiasts and nature lovers alike. Whether you are seeking a weekend getaway or a year round residence, this property offers an abundance of adventure right outside your door. If a you are in need of a place to store your toys or extra equipment there is plenty of space to build a shop! Then enjoy the nearby access to hiking, fishing, skiing, and more all within a short drive from Bozeman and Big Sky. Embrace mountain living.
#398099

Gallatin Gateway

37329 Gallatin Road

1 Beds

1 Baths

602 Sq.Ft.

$650,000

MLS#: 398099

Built in the 1930s, this home is ready for a complete transformation. Offering timeless character and a classic footprint, the property presents an exceptional opportunity for investors, contractors, or buyers looking to create a custom residence from the ground up. The home requires a full remodel and is being sold as in its current condition.
There are a couple outbuildings for your hobbies and an old train car that has been used for guest housing or small rental. Don't miss this opportunity!
#413412

Whitehall

103 S Whitehall Street

2 Beds

1 Baths

717 Sq.Ft.

$110,000

MLS#: 413412

Prime Commercial Opportunity in the Heart of Big Sky!
Location, visibility, and versatility all in one! Situated directly across from the Big Sky Golf Course and Nordic ski trails, this second floor 2,115± SF corner unit at Lone Mountain Trail and Little Coyote Road offers unmatched exposure in the vibrant Meadow Village Center. With high foot traffic and steady vehicle flow, this space is ideal for businesses seeking a central, high-profile address.
Inside, you’ll find six private offices, a spacious reception area, break room, file/storage room, and a large gathering or meeting space—perfect for medical, professional, shared workspace, or creative uses. Elevator access makes it easily accessible, while private restrooms are conveniently located just down the hall.
Opportunities like this in Big Sky are rare—don’t miss your chance to secure one of the most visible and adaptable commercial spaces in town.
#405004

Big Sky

78 Meadow Village E

None Beds

None Baths

2,115 Sq.Ft.

$1,580,000

MLS#: 405004

Prime Commercial Opportunity in the Heart of Big Sky!
Location, visibility, and versatility all in one! Situated directly across from the Big Sky Golf Course and Nordic ski trails, this second floor 2,115± SF corner unit at Lone Mountain Trail and Little Coyote Road offers unmatched exposure in the vibrant Meadow Village Center. With high foot traffic and steady vehicle flow, this space is ideal for businesses seeking a central, high-profile address.
Inside, you’ll find six private offices, a spacious reception area, break room, file/storage room, and a large gathering or meeting space—perfect for medical, professional, shared workspace, or creative uses. Elevator access makes it easily accessible, while private restrooms are conveniently located just down the hall.
Opportunities like this in Big Sky are rare—don’t miss your chance to secure one of the most visible and adaptable commercial spaces in town.
#405009

Big Sky

78 Meadow Village E

None Beds

None Baths

2,115 Sq.Ft.

$25

MLS#: 405009

Welcome to 506 Ash Street offering a fantastic investment opportunity for buyers seeking a home with potential. This two-bedroom, one-bath home features updated plumbing, a functional layout and a spacious backyard, with room for pets, play, or future improvements. A garage and additional shed provide convenient storage and workspace. Located near schools, shopping, and recreational amenities, this property offers a quiet Anaconda setting full of potential.
#413784

Anaconda

506 Ash

2 Beds

1 Baths

1,281 Sq.Ft.

$175,000

MLS#: 413784

Price reduced
LIVE / WORK residence and business opportunity in Southwest Montana's Pioneer Mountains in Polaris, west of Dillon!

Perched high overlooking Grasshopper Creek and miles of timbered high country in the Beaverhead-Deerlodge National Forest including multiple high peaks and miles of public lands trail access.  Spectacular, panoramic mountain views, and close proximity to Maverick Mountain Ski Area and Elkhorn Hot Springs.  Approximately 30 miles to Dillon and 40 miles to Wise River.

The well-appointed residence is set up with two separate floors, each with independent kitchen and bathrooms, making the property ideal for short or long-term rental, outfitter quarters, or simply a wonderful home with separate living space.  Detached greenhouse has electrical service.  

Property is located in the heart of big game hunting and cattle country.  Business is ideally suited for meat processor, servicing both domestic and wild game animal processing.  The plant is professionally equipped and immaculately clean.  Offers big game transport "meat frozen and delivered to your door" service.  
Turn-key business includes client list, state-registered trademarks and recipes, plus all FFE, including refrigerator units, walk-in freezer, sinks, tables, slicers, smoker and all required equipment.  Detailed fixtures & equipment list is available upon request.  Business has dedicated propane, and shares electric and water with residence.  Residence has wood stove and electric heat.  Business is approximately 1890 square feet.  Home was built in 2008, and business in 1998.

Land line telephone and fiber optic service is provided by Southern Montana Telephone;  T-Mobile tower and Starlink services available.  Location offers great commercial visibility and access year-round, yet property is set off the highway for privacy and views.

Property listing information deemed accurate;  however, buyers are encouraged to verify the accuracy of all details.
#404769

Polaris

2900 Pioneer Mountains Scenic Byway

None Beds

None Baths

2,716 Sq.Ft.

$1,300,000

MLS#: 404769

Price reduced
This rental dwelling or residence is perched high overlooking Grasshopper Creek and miles of timbered high country in the Beaverhead Deerlodge National Forest, boasting multiple high peaks and miles of public lands trail access.  Spectacular, panoramic mountain views, and close proximity to Maverick Mountain Ski Area and Elkhorn Hot Springs.

Lovely 2,816 square feet home, 4 bedrooms & 2 baths with heated 2 car garage on 8.13 acres with detached greenhouse.  **No zoning / covenants.**  Possible owner financing with significant down payment.  
Also listed separately as a duplex (MLS#408360), for sale including the home + established meat processing business (MLS 404769), and vacant lot (MLS 405050).
Open floor plan with vaulted ceilings and large windows to take-in the panoramic views.  Built in 2008.  

Property may be used as short-term or long-term rental, VRBO, for outfitter business, or simply as a comfortable, well-equipped home with handicapped access, flexible and private accommodations.

Located on Pioneer Mountains Scenic Byway - great access off highway 278 west of Dillon.  Close to the Beaverhead, Big Hole and other famous Montana blue ribbon fisheries.

Well and electrical , and taxes are shared by both residence and business;  if Buyer purchases home without the business, Seller will provide power and water to Buyer at no charge until Seller completes new well and establishes separate electrical meters.  Trash is carted to a local dump site 7 miles east.  Property listing deemed accurate;  however, buyers are encouraged to verify accuracy of all details.
#404680

Polaris

2900 Pioneer Mtns Scenic Byway

4 Beds

2 Baths

2,816 Sq.Ft.

$650,000

MLS#: 404680

Price reduced
Nice buildable lot located right off the Scenic Byway in Polaris (west of Dillon) with easy 4 season access. This lot is an ideal building site - equipped with a 60 gallons-per-minute well already in place.  Land line telephone and fiber optic service is provided by Southern Montana Telephone;  T-Mobile tower and Starlink services also available.  

Spectacular panoramic views, with great year round hunting and outdoor activities.  Close to Crystal Park, Maverick Mountain Ski Hill, and Elkhorn Hot Springs.

Lot has been surveyed and perc tested by Anderson Engineering.  Property listing information deemed accurate;  however, buyers are encouraged to verify the accuracy of all details.
#405050

Polaris

TBD 2900 Pioneer Mountains Scenic Byway

None Beds

None Baths

4.547 acres

$170,000

MLS#: 405050

Bring your Montana vision to life on this 20± acre parcel in the highly sought-after Gallatin River Ranch. This property offers a level, grassy build site with light terrain and expansive hillside and mountain views. Power is to the lot line, and the land is well-suited for equestrian use or simply enjoying the wide-open space. Build your dream home, guest house, and shop or barn—all permitted here. Outdoor recreation is right at your doorstep, with 640 acres of State Land within view. As part of the Gallatin River Ranch community, owners enjoy miles of East Gallatin River access, two beautiful river accesses with a picnic pavilion, fire pit, and BBQ area, along with thousands of acres of common area for hiking, horseback riding, and wildlife watching. A full equestrian center is available on GRR with boarding facilities (fees apply), and up to 4 horses are allowed on each parcel. Miles of riding trails make this a horse lover’s paradise. Located just 30 minutes from Bozeman and in the coveted Manhattan School District, this lot blends affordability, convenience, and Montana’s iconic lifestyle.
#413840

Manhattan

Lot 168 TBD Blue Bonnet

None Beds

None Baths

20.0 acres

$300,000

MLS#: 413840

If you ever wanted to be in the bar business or expand your holdings this is your chance.  Opportunity to own the legendary Valley Hub including full liquor and gaming licenses.  The business hosts multiple pool tournaments, dart tournaments and has a great outside venue with a bar for bands, large gatherings and horseshoe tournaments.  Full service kitchen with bar food menu and walk-in cooler.  Sale includes all furniture, fixtures and equipment including the ATM machine.  Gaming machines are leased.  This is a turn key operation ready for a new owner.  Owner's personal property is excluded.
#413855

Helena

4960 N Montana Avenue

None Beds

None Baths

8,494 Sq.Ft.

$3,250,000

MLS#: 413855

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* Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request. © 2024. First Multiple Listing Service, Inc.
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