118 W Wallace Street
Virginia City, MT 59755

ACTIVE
$929,000

Listing Courtesy of Tracy von Felden, RE/MAX Mountain Property

Listing #399010

3120

Square Feet

Building/Business

Type

About this property

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.

property features

Location Information

MLS Area

Madison - Ruby Valley

Subdivision

Longitude

-111.944892

Latitude

45.293342

Directions

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 FEATURES

Interior

Square Feet

3120

Bedrooms

Full / Half Baths

/ 0

Heating

Electric,Propane

Half Baths

0

Cooling

CeilingFans

Floors

Laundry

Basement Description

Exterior FEATURES

Style

Stories

0

View Description

Exterior

Parking Description

Garage Spaces

0

Lot Size in Acres

NA

Water

PublicSewer

Zoning

B3 - Central Business

Patio / Deck Description

Fencing

ADDITIONAL INFORMATION

Year Built

1873

Roof/Attic

Property SubType

Building/Business

Amenities

© 2022 Big Sky Country MLS. All rights reserved.
This representation is based in whole or in part on data supplied by the Big Sky Country MLS. 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. All data is deemed reliable but is not guaranteed accurate.

Gallatin-BigSky-BSC data last updated at 2025-02-22 00:01:13 PM MT

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