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Kari Francisco

kari.francisco@engelvoelkers.com +1(406) 595-3885

$ 799,000

Est. payment -/mo

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Active

118 & 118 1/2 W Wallace ST Virginia City, MT 59755

1 Bed

3 Baths

3,320 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Building

Listing Status Active

Purchase Type For Sale

Square Footage 3,320 sqft

Price per Sqft $240

Subdivision Virginia City Original Plat

MLS Listing ID 408786

Bedrooms 1

Year Built 1864

Annual Tax Amount $1,270

Tax Year 2025

Lot Size 3,179 Sqft

Acres 0.073

Property Sub-Type Building

Property Description

Own a true piece of Montana history in the heart of legendary Virginia City. Built in 1864 as a furniture store with a lumber yard once operating to the east, this remarkable property has stood at the center of town life for over 160 years. During Prohibition, it even operated as a bootleg saloon (speakeasy) out the back, adding another colorful chapter to its storied past. Today, this 3,320± sq ft landmark stands as the largest capacity privately owned restaurant in Virginia City and is being offered for sale with both the business and the building included.
Currently operating as a successful German restaurant for the past seven years, the space blends Old World charm with authentic Western character. Inside, you'll find three stunning historic bar backs dating from the 1890s, 1920s, and 1940s, each one a centerpiece and conversation starter. Over the decades, thoughtful upgrades and additions have enhanced the property while preserving its historic integrity. The expansive 90-foot commercial kitchen provides exceptional capacity for high-volume dining, catering, or special events. Propane heat services the building. Upstairs, a recently renovated 600± sq ft apartment offers flexibility for owner occupancy, staff housing, or additional rental income. Virginia City, a National Historic Landmark District, draws visitors from around the world with its preserved 1860s frontier architecture, rich gold rush history, museums, live theater, and year-round events. The town sits just minutes from Ennis, renowned for blue-ribbon fly fishing on the Madison River and approximately one hour from Bozeman, offering access to Yellowstone International Airport, Montana State University, and a thriving commercial hub. Surrounded by endless recreation including fly fishing, big game hunting, hiking, horseback riding, ATV trails, and winter sports, this property is positioned to capture strong seasonal tourism and destination dining traffic. With its size, layout, and prime Main Street location, this versatile building lends itself to a variety of uses beyond a restaurant including event venue, brewery, tasting room, music hall, retail mercantile, boutique hospitality concept, or mixed-use investment opportunity. The scale, history, and presence of this property are unmatched in Virginia City. A rare opportunity to own a thriving business and an irreplaceable piece of Montana's Old West legacy.

Location

State MT

County Madison

Area Madison/Beaverhead/Jefferson

Direction Main street Virginia City. South side of Wallace Street and just east of Historic Courthouse and Virginia City Elks.

Interior

Heating Natural Gas

Fireplace No

Exterior

Parking Features On Street

Utilities Available Electricity Available, Fiber Optic Available, Sewer Available, Water Available

Water Access Desc Public

Building

Sewer Public Sewer

Water Public

Others

Tax ID 0001014900

Ownership Full

Acceptable Financing Cash, 1031 Exchange, 3rd Party Financing

Listing Terms Cash, 1031 Exchange, 3rd Party Financing

Special Listing Condition None

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Listed by PureWest Real Estate Ennis

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