209 Cherry Street
1 / 47
Active
Single Family

$625,000

209 Cherry Street, Anaconda, MT 59711
1895year built
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.

20 days on market

Listing updated: 4h ago

Property Details

Overview

Property Type:Single Family
Listing Type:MLS
Lot Size:0.161 acres
Year Built:1895
MLS #:30078734
MLS Source:Montana Regional MLS (MRMLS)
ZIP Code:59711
Days on Market:0
Parcel Number:30128503104010000
Special Conditions:Standard

Interior

Basement:Yes

Exterior

Construction:Brick
Water Source:Public
Zoning:Commercial
Lot Sq Ft:7,013
Tax & Assessment
Tax Year2026
Total Market Value$637,000
Land Value$83,079
Building Value$553,921
Acres (GIS)0.15457845
Legal DescriptionANACONDA ORIGINAL TOWNSITE, S03, T04 N, R11 W, BLOCK 36, Lot 6
Parcel ID30128503104010000

Source: Montana Department of Revenue — Montana Cadastral (public record).

Location
$625K
Leaflet © Esri, and the GIS User Community
Listed By:Lucas Nelson406-600-0833sales@406RE.com

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Epique Realty Inc — 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. Data is deemed reliable but is not guaranteed accurate by the Montana Regional MLS, LLC (MRMLS). Based on information from MRMLS for the period through October 13, 2026.

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