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$625,000

209 Cherry Street, Anaconda MT, 59711

Price per sqftN/A
Built in1895
Property typeCommercial

Overview

Active

Listed Sep 21, 2026

Updated 3 weeks ago

The Davidson — 1885 historic brick landmark in downtown Anaconda, Montana. Approximately 14,000 SF with five ground-floor commercial suites and premier storefront visibility on a walkable downtown block in an emerging, highly desirable Montana town. Occupied, income-producing, and offered as a turnkey commercial asset with meaningful upside. Building systems have been substantially updated: plumbing, heating, and electrical work completed within the last 25 years; newer roof. The second floor is partially remodeled, with electrical, HVAC, and most plumbing already in place, and is well suited for additional office space or conversion to approximately 14 apartments. One of Anaconda’s nicest and most distinctive historic downtown buildings, with a rich local history and irreplaceable brick architecture. Operates at an approximately 8% cap rate on a pro forma basis. Strong fit for 1031 exchange buyers seeking a manageable commercial property with in-place income and a clear value-add path upstairs. Located in an IRS Opportunity Zone. May be eligible for 25% federal/state historic tax credit programs. Local TIF funds are also available to support restoration of downtown Anaconda buildings. Buyer to independently verify square footage, unit mix, leases, zoning, Opportunity Zone status, historic-credit eligibility, and TIF availability.

Additional information

MLS® ID
30078734

Interior Features

Basement
Yes

Exterior Features

Lot Size
0.16 Acres

Other Property Details

Taxes
$8,600
Tax Frequency
Annually

Also listed on BZM

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Courtesy of Montana Ranch & Commercial, LLC

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Mike Schlauch Platinum Properties shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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