gre125.pdf - 305.37 KB
|
|
Property Details:
Price: $750,000 $675,000. Property Description: Grand commercial building has been a cornerstone commercial center since constructed in 1917. Originally constructed by successful cattle rancher Harry Andrus, the "Andrus Hotel" is of brick and cement construction with 8,500+ sq. ft. on the main level, plus 7,850+ sq. ft. on each of 2 upper levels and a 10,000+ sq. ft. basement, reported to be "fireproof and modern in every way", depicted as "Dillon's only Modern Hotel" with a "European Plan", included such progressive features as an electric elevator to 2 upper floors, with 65 sleeping rooms - 46 of which had private baths and rented for $1.50 to $2.50 per night. The ground floor boasted 5 retail store areas, large tile floor lobby (original tile still in place), office, barber shop, saloon, cafe, dining room and kitchen.
Building was totally remodeled and updated in 1979 into main and second level commercial / retail space, plus 14 - 3rd floor apartments. Current commercial tenant include the "oldest continuously operated jewelry store in the State of Montana" and a long established home furnishings retail store. Significant historical features still in place include numerous very large and unique circa 1917 original-unrestored leaded stained glass windows - reported to have been ordered from and built in Italy, large original safe, separate passenger and freight elevators, and much more!
Impressive Operating Cash Flow, from rental income from commercial and apartment rents will total approx. $76,000+ per year, after operating expenses including real estate taxes, insurance, common area utilities, cleaning, maintenance etc.
An exceptional investment opportunity with a solid, diverse cash flow is here in the heart of Southwest Montana's premier ranching and all-season recreation community, home of University Montana Western and much more!. Reduced to just $675,000.
High Resolution Historic Photos of this Landmark Commerical Building in Dillon, MT


Business Type: Rental Income Property
Property Address: 29 East Glendale Street
City: Dillon County: Beaverhead State: Montana Zip Code: 59725 Latitude: 45.216714 Longitude: -112.637639 Listing Status: Active
| |

Listing ID#: GRE-125 Real Estate Included with Sale: Yes
| |
Listed by:
Justin 'Chip' Rule
Guardian Real Estate LLC
Dillon, Montana Phone: 406-925-1446
FAX: 406-992-1108 |
|