118 W Wallace ST Virginia City, MT 59755
3,120 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Building/ Business
Listing Status Active
Purchase Type For Sale
Square Footage 3,120 sqft
Price per Sqft $256
MLS Listing ID 399010
Year Built 1873
Annual Tax Amount $1,523
Tax Year 2024
Lot Size 3,179 Sqft
Acres 0.073
Property Sub-Type Building/ Business
Property Description
While the building has served many uses over the years, it has become one of the most recognized **restaurants** in town. Visitors love the authentic Old West feel, with original hardwood floors, **four antique back bars**, high ceilings, and vintage details that make this space unforgettable.
This is a **turnkey opportunity** with a fully equipped commercial kitchen, a newly renovated attached apartment, plus additional on-site housing for staff or flexible use. Whether you want to continue the restaurant tradition, host events, or introduce a new commercial vision, the infrastructure is ready.
A favorite feature is the cozy back-room bar—historically the town's original **bootleg parlor speakeasy**—a unique story that draws guests in.
Located at nearly **6,000 feet**, the Ruby Valley views are stunning. Virginia City attracts visitors year-round for gold panning, stagecoach rides, live theatre, and historic boardwalks. You're also just 90 miles from **Yellowstone**, near **Big Sky skiing**, and minutes from world-class **Madison River fly fishing**.
**Included:**
* Existing beer & wine license (transferable with application)
* All social media platforms
* Rare **privately owned** commercial real estate in Virginia City
A standout chance to own a historic, income-producing Montana property with charm, versatility, and a story all its own.
Location
State MT
County Madison
Area Madison/Beaverhead/Jefferson
Zoning Virginia City
Direction HWY 287 into Virginia City. (becomes Wallace) When traveling north, location will be o the left. Traveling south, location will be on the right. Diagonally across the St. from the Madison Gov Office.
Interior
Heating Electric, Propane
Cooling Ceiling Fan(s)
Fireplace No
Exterior
Utilities Available Propane, Sewer Available, Water Available
Water Access Desc Public
Building
Sewer Public Sewer
Water Public
Others
Tax ID 0001014900
Ownership Full
Acceptable Financing Cash, 3rd Party Financing
Listing Terms Cash, 3rd Party Financing
Special Listing Condition None