401 Milwaukee Avenue, Deer Lodge, MT 59722
Powell County
Key Facts
Description
Exceptional opportunity to acquire a well-located commercial property in rural Deer Lodge, Montana, offering both income potential and future flexibility. Positioned on the corner of 4th St and Milwaukee, the property consists of two parcels totaling approximately 0.458 acres. The primary lot (0.298 acres) features a 4,000 SF building with excellent visibility and functional layout, well-suited for a variety of commercial uses; once a bank and now a retail space. The secondary lot (0.16 acres) provides valuable additional space currently utilized as outdoor yard storage, ideal for equipment, materials, or future expansion or development. This parcel also includes a newly constructed 1,140 SF commercial shop (built in 2024) with approximately 14’ clear height, offering versatility for warehousing, service, or additional retail space. The property is currently leased to a ranch supply retailer on a month-to-month triple net lease at $3,500/month, providing immediate income while maintaining flexibility for a future owner-user. With its combination of income, usable yard space, and redevelopment potential, this property presents a compelling opportunity for both investors and owner-users in the Deer Lodge market.
Property Information
Property Type
Commercial Sale
Sub-Type
Retail
Year Built
1970
Living Area
4,000 sq ft
Lot Size
0.46 acres
Days on Market
102
MLS® Listing#
30067139
Property Features
Interior
Cooling
Heating
Foundation
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$4,577
Tax year 2025
Parcel Number
28167833406010000
Directions
From Main St. turn East onto Milwaukee Ave, go one block and the building will be on the left side of the street at the NE corner of Milwaukee and 4th St.
Affordability Calculator
$99,800
Estimated monthly payment
$2,656/mo
Principal $399,200 · Est. interest $556,920 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Deer Lodge, MT
- $654,839
- Median Listing Price
- 111
- Median Days on Market
- 1,768
- Median Sq Ft
- $360
- Median Price / Sq Ft
- 119
- Active Listings
- This home’s price is 24% below the area median.
- Its price per sq ft is 65% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Deer Lodge, MT.
Location
Points of Interest in Deer Lodge, MT
Showing the Deer Lodge area map.
Nearby Schools
O D Speer School
Elementary · 0.1 mi away
Duvall Junior High School
Secondary · 0.1 mi away
Deer Lodge Elementary
Elementary · 0.1 mi away
Powell County High School
Secondary · 0.3 mi away
Garrison School
Elementary · 9.5 mi away
Avon School District 29
Elementary · 15.4 mi away
Gold Creek School
School · 15.6 mi away
Lincoln School
Secondary · 21.5 mi away
Anaconda High School
Secondary · 21.5 mi away
Anaconda Junior/Senior High School
Secondary · 21.6 mi away
W K Dwyer School
School · 21.7 mi away
Basin School
Elementary · 24.0 mi away
Hall School
Elementary · 25.6 mi away
Philipsburg School
Secondary · 27.3 mi away
Ramsay School
Elementary · 27.3 mi away
Drummond Public Schools
Secondary · 27.3 mi away
Kennedy School
Elementary · 27.5 mi away
Butte School District #1
School · 28.1 mi away
Butte Central Catholic High School
Secondary · 28.2 mi away
West Elementary School
Elementary · 28.5 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 100 Fourth Street, Deer Lodge, MT | $350,000 | 5 | 2 | 2,173 |
| 412 Freeze Out Lane, Deer Lodge, MT | $385,000 | 2 | 1 | 896 |
| 205 Fourth Street, Deer Lodge, MT | $385,000 | 4 | 2 | 1,659 |
| 740 Lower Continental Drive 9, Red Lodge, MT | $389,000 | 2 | 2 | 1,280 |
| 740 Lower Continental Drive 5, Red Lodge, MT | $389,406 | 3 | 2 | 1,280 |
| 740 Lower Continental Drive Unit 10, Red Lodge, MT | $389,900 | 2 | 2 | 1,280 |
Moving Cost Estimate
EXIT Agents in Deer Lodge
Listing Courtesy: PureWest Real Estate - Missoula - 4065414000
Presented by: David Jacob Wells
Last Updated: 2026-03-21