Description
Located in Uptown Butte, the Grand Hotel is a +/- 29,220 SF mixed-use property situated on a 5,140 SF lot. Built in 1917, this six-story building features +/- 4,870 SF per floor, with the Quarry Brewery occupying the lower level and Derailed Bike Shop along with a private event space on the ground level. Floors 3-6, currently shell space, were formerly used as hotel rooms and are structurally designed to accommodate five condo units per floor, for a total of 20 units. The proposed floor plan includes three 2 BR/2 BTH units, one 2 BR/1 BTH unit, and one studio unit per floor, offering a unique opportunity for an adaptive reuse project. This iconic property generates income while presenting significant upside potential through the 20-unit condo conversion. Situated in a Qualified Opportunity Zone, the Grand Hotel is eligible for Historic Tax Credits and benefits from its location within the URA District, which offers incentives for revitalization. Additionally, the offering includes a 2,091 SF vacant lot on Broadway Street. This property was appraised in 2023 at $2,050,000, offering immediate equity upon purchase.
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0BEDS
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0.12ACRES
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0BATHS
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01/2 BATHS
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29,220SQFT
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$44$/SQFT
School Ratings & Info
Description
Located in Uptown Butte, the Grand Hotel is a +/- 29,220 SF mixed-use property situated on a 5,140 SF lot. Built in 1917, this six-story building features +/- 4,870 SF per floor, with the Quarry Brewery occupying the lower level and Derailed Bike Shop along with a private event space on the ground level. Floors 3-6, currently shell space, were formerly used as hotel rooms and are structurally designed to accommodate five condo units per floor, for a total of 20 units. The proposed floor plan includes three 2 BR/2 BTH units, one 2 BR/1 BTH unit, and one studio unit per floor, offering a unique opportunity for an adaptive reuse project. This iconic property generates income while presenting significant upside potential through the 20-unit condo conversion. Situated in a Qualified Opportunity Zone, the Grand Hotel is eligible for Historic Tax Credits and benefits from its location within the URA District, which offers incentives for revitalization. Additionally, the offering includes a 2,091 SF vacant lot on Broadway Street. This property was appraised in 2023 at $2,050,000, offering immediate equity upon purchase.
© 2025 Big Sky Country MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Michelle Horning | The Big Sky Real Estate Co. Data last updated: 2025-01-15T23:51:44.12.