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118 W Wallace St, Virginia City, MT

Name: 118 W Wallace St, For Sale in Virginia City - eXp Realty
Brand: RE/MAX Mountain Property
SKU: 399010
Price: 799000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$799,000

000

MLS® 399010

Key Facts
Description
Map

Key Facts

Type Other

Levels Commercial Sale

Size 3120 sqft

Garage No

HOA Fees

Taxes $1,524

Days Active 364

Approx. Age 1873

Avg. Price Per Sqft $256

MLS® Number 399010

Property Address: 118 W Wallace St, Virginia City, MT, 59755-7754

Average square foot calculated using Size range provided by listing agent.

Description

Opportunities like this almost never come along. 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.

MLS® Number399010

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1873

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Similar Listings

Price History

-End Date

Not Sold YetSold Price

For Sale

Feb 3, 2025List Date

$799,000List Price

Commute

Commute

Starting Address

Destination Address

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