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118 W Wallace Street

Virginia City, MT 59755
  • $929,000
  • STATUS: Active
  • ON SITE: 10 Days
  • MLS #: 399010
UPDATED: 35 min ago
$929,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,120
    SQFT
  • $298
    $/SQFT
Type:
Commercial
Built:
1873
County:

School Ratings & Info

Description

Own a piece of the Great American West in historic Virginia City, MT, billed as the West's most complete original town. The large capacity restaurant has a fully equipped commercial kitchen, comfortable private attached newly renovated apartment, and other possible staff housing option onsite truly a turnkey operation. Local patrons and tens of thousands of visitors annually recognize this spot as their favorite restaurant in town. With a history dating back to 1873, this landmark building has all the charm of a historic saloon including 4 magnificent back bars, beautiful original hardwood floors and atmosphere to beat the band! High ceilings in the main dining room and a long bar capture the feel of the old West while the cozy back-room bar seating area is, in fact, the original bootleg parlor speakeasy of the town. The 5-year solid sales history as a German/American restaurant under the current management team reports annual sales averaging over $200,000, while operating well below potential. Located at nearly 6,000 feet in elevation, the Ruby Valley Mountain views are stunning and draw folks looking to experience the Wild West by enjoying the Stagecoach, Train, Gold Panning, Living History, live theatre and comedy shows, or simply walking the boards of this original Western pioneer and gold-mining town. Just 90 miles from Yellowstone National Park or Big Sky and it's world-class skiing, and right next to the heart of the best trout fishing in Montana on the Madison River, the area is famous for all seasons of recreation and attracts visitors all year long particularly during the summer months. *The business has an existing beer and wine license which new proprietors can apply for, and included in this sale, as well as all social media platforms will transfer directly to the new owner.

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© 2025 Big Sky Country MLS. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Michelle Horning | The Big Sky Real Estate Co. Data last updated: 2025-02-14T15:51:44.513.
www.lovebigsky.com/homes/159984009
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118 W Wallace Street Virginia City, MT 59755

  • Price: $929,000
  • Status: Active
  • On Site: 10 Days
  • Updated: 35 min ago
  • MLS #: 399010
0
Beds
0
Baths
0
½ Baths
0.07
Acres
3,120
SQFT
$298
$/SQFT
1873
Built
Neighborhood:
7Mr - Madison - Ruby Valley
County:
Madison
Area:
7Mr - Madison - Ruby Valley
Property Description
Own a piece of the Great American West in historic Virginia City, MT, billed as the West's most complete original town. The large capacity restaurant has a fully equipped commercial kitchen, comfortable private attached newly renovated apartment, and other possible staff housing option onsite truly a turnkey operation. Local patrons and tens of thousands of visitors annually recognize this spot as their favorite restaurant in town. With a history dating back to 1873, this landmark building has all the charm of a historic saloon including 4 magnificent back bars, beautiful original hardwood floors and atmosphere to beat the band! High ceilings in the main dining room and a long bar capture the feel of the old West while the cozy back-room bar seating area is, in fact, the original bootleg parlor speakeasy of the town. The 5-year solid sales history as a German/American restaurant under the current management team reports annual sales averaging over $200,000, while operating well below potential. Located at nearly 6,000 feet in elevation, the Ruby Valley Mountain views are stunning and draw folks looking to experience the Wild West by enjoying the Stagecoach, Train, Gold Panning, Living History, live theatre and comedy shows, or simply walking the boards of this original Western pioneer and gold-mining town. Just 90 miles from Yellowstone National Park or Big Sky and it's world-class skiing, and right next to the heart of the best trout fishing in Montana on the Madison River, the area is famous for all seasons of recreation and attracts visitors all year long particularly during the summer months. *The business has an existing beer and wine license which new proprietors can apply for, and included in this sale, as well as all social media platforms will transfer directly to the new owner.
Exterior Features

Road Frontage Type

Interior Features

Above Grade Finished Area 0 Building Area Total 3120 Cooling Ceiling Fan(s) Heating Electric Propane Heating YN Yes

Property Features

Listing Terms Cash3rd Party Financing Ownership Full Possession Closing Possible Use Restaurant Retail Property Sub Type Building / Business Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 1523.94 Tax Year 2024 Utilities Propane Sewer Available Water Available Water Source Public Zoning Virginia City Zoning Description B3 - Central Business

Listing courtesy of Tracy Von Felden of RE/MAX Mountain Property: 406-682-5001. © 2025 Big Sky Country MLS. All rights reserved.


© 2025 Big Sky Country MLS. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Michelle Horning | The Big Sky Real Estate Co. Data last updated: 2025-02-14T15:51:44.513.
 
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Michelle Horning | The Big Sky Real Estate Co
P.O. Box 161725
Big Sky MT, 59716