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Listed price in listed location currency (USD).
$625,000

000

MLS® 414980

Overview

Key Facts

Type 
Levels Commercial Sale
Size 14229 sqft
Garage 
Taxes $8,600
Days Active 1
Lot Size 0.161 Acres
Approx. Age 1895
Avg. Price Per Sqft $43
MLS® Number 414980

Property Address: 209 Cherry St, Anaconda, MT, 59711-2319

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number414980
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1895
Basement
DrivewayOff Site, Paved, On Street
Garage Spaces
HeatBaseboard, Central, Forced Air, Gas
A/CNone

Extras

Price History

Last Sold Price

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Appreciation

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Avg. Days Listed

0 days

Today, For Sale for $625,000

For Sale · 0 days

$625,000

MLS® 414980

19 hours ago

Not Sold Yet

September 2026, For Sale for $625,000

For Sale · 0 days

$625,000

MLS® 30078734

16 hours ago

Not Sold Yet

  • Sep 21, 2026, For Sale for $625,000

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