118 W Wallace Street, Virginia City, MT

$929,000

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3,120

Square feet

0.07

Acres

About 118 W Wallace Street

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.

Features of 118 W Wallace Street

MLS® # 399010
Price $929,000
Bathrooms 0.00
Square Footage 3,120
Acres 0.07
Year Built 1873
Type Commercial Sale
Sub-Type Building/Business
Status Active

Community Information

Address 118 W Wallace Street
Area 7MR - Madison - Ruby Valley
City Virginia City
County Madison
State MT
Zip Code 59755

Amenities

Utilities Water Available, Propane, Sewer Available
Is Waterfront No
Has Pool No

Interior

Heating Electric, Propane
Cooling Ceiling Fan(s)
Fireplace No
Has Basement No

Additional Information

Date Listed February 3rd, 2025
Days on Market 80
Zoning B3 - Central Business
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentTracy Von Felden
OfficeRE/MAX Mountain Property

Listing Map

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