Butte semi-weekly miner. [volume] (Butte, Mont.) 1886-1890, 1888-01-14
A CHANGE

Coming Der the Spirit of Their Waking
Hours-The Frame Shells on Pa~s
Street to be Replaced With Br.c.-
t~erials.
The destruction OF the livery stable has
left an unsightly gap in the row OF frame
buildings on West Park street, and exposed
enough OF the adjoining buildings to show
what miserable little boxes they are. A r.
porter was told yesterday that those small
one-story shops bring the owners a rental
OF $50 per month each, and his informant
averred that such a rental paid a very
heavy interest on the cost of the buildings.
In that he is right, but as a matter of fact
$50 q month would not he a remunerat;vo
rental for the bare ground. A $500 build.
ing on a $4,000 lot is a mighty poor or
bination and will never pay the owner over
nve per cent. on the investment. ana
generally less. whereas a frst-class brick cf
two or three stories will return in ~rent#ls
from 10 to 30 per cent. On the total yaIn.
Of building and ground. Ahusiness = -
West Park sire t said yesterday: s.Thrre
is not one OF those frame buildings that ia
not q losing speculation for the owner
and
o OF THE OWNERS
are beginning to realize the fact. pa RI
street is the retail street of Butte. and erar,
twenty-five feet of frontage bet ween Mon
tana and Wyoming streets is actually worth
from 10000 to $50, 900, and would weld
a lar interest on a larger sim if covered
with the right kind OF a building. Just COX
at the values in Helena, Spokane Faus
Iacom t. Seattle or any other citv q, ba'
tween 10000 and 20. 600 Inhabitants. and
you vii! see that choice business nron .rt v
Is worth the figures l have named. II i
certainly worth as much, ii not more !,
Butte, and people are beginning to realize
the TACT, especially since The MINER began
20 draw their attention to it. Their is 90.
ing 70 90 = building boom next spring in
spite OF journalistic and other efforts 70
throw cold water on every project lar oI
vancensnt, but there viii, not be enorah
building to supply the demand. It ia now
very oltneuit Tor & new Conner to this city
TO nno q decent house in a decent loca Etvv
'na' ne can rent, and reasonable rents
Ia 1ael' as every real estate agent will, tol,
you shers 10 no CITY in the Northwest
where money invested in BUILDINGS ,;s,ds
large returns. Look at the nttia
.nree and tour roomed cottages rentin, -
rom $40 to $50 per month, a rent ,'' ia at
pays Tor the building in two years VIA.
people rush in here with the now ra !"
:nus ne4S spring a great many OF them
VIII nave to live under canvas. Rn;ld;nnn
,annot be put up fast enough to sunnlv+ss
coming demand. Last fall there vas ay tHe
! large surplus of bricks left ovs loe
he yards, but everyone of tbe uusr at
up some weeks ago, and orders was was
olaeed Tor many more. l tell Won wbat
S; | intend to devote every avail b Taa al 1T
ar to build ng as soon as spring onens ao,
am now placing orders for mata,ia1. nlo
ne demand is growing SO large that t .pr
'uppiy OF material will be very unc.r+a cue
shen 1T is wanted. The lumber comna
ire making all possible preparatinn an,es
andle a larger business next spr;no 80
heretofore. but there ~ 'nah
WILL BIZ MORE
nan snsy can handle, even with tbo;,
esseo facilities. With the Increasing vah,