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
This is one of Virginia City, Montana's most iconic and truly private commercial properties—an authentic piece of the Old West that has been welcoming people through its doors since 1873. Home to the legendary **Original Bootleg Parlor Speakeasy**, this landmark building stands apart as one of the *very few* commercial properties in town not owned by the state, making it especially rare and highly desirable.
Over the years, the building has worn many hats, but it's best known today as one of the most recognizable restaurants in Virginia City. Step inside and you immediately feel it—the warmth of original hardwood floors, soaring ceilings, four antique back bars, and the kind of historic character that simply can't be replicated. Guests don't just dine here; they linger, explore, and come back with friends.
The property is a true turnkey opportunity, thoughtfully set up for continued success. A fully equipped commercial kitchen is ready to go, along with a newly renovated attached apartment and additional on-site housing—perfect for staff, owner occupancy, or flexible income-producing use. Whether you envision continuing the restaurant tradition, hosting private events, or bringing a new commercial concept to life, the foundation is already in place.
One of the most talked-about spaces is the intimate back-room bar—the original **bootleg parlor speakeasy**. It's a room with a story, and it has a way of drawing people in and making them feel like they've discovered something special.
Set at nearly 6,000 feet in elevation, the property enjoys sweeping Ruby Valley views and steady year-round tourism. Virginia City is a destination known for gold panning, stagecoach rides, live theatre, and historic boardwalks. You're within easy reach of Yellowstone National Park, close to Big Sky Resort, and minutes from world-class Madison River—making this location as compelling as the building itself.
*Included with the sale:*
* Existing beer & wine license (transferable with application)
* Established social media platforms
* Rare, *privately owned* commercial real estate in *Virginia City*
This is more than a building—it's a living piece of Montana history with income potential, flexibility, and a story that guests and owners alike become part of.
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