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31872099
31872098

122 West Wallace Street, Virginia City, MT 59755 For Sale

$475,000
86 days on market
Updated 86 days ago

122 West Wallace Street

Details
Property Type Retail
Sub Type Storefront
Square Footage 1,971
Year Built 1865
Lot Size (SqFt) 2,352
Ground Lease No

Rare opportunity to acquire commercial property in one of Montana’s most visited historic towns

Marketing description

Step into ownership of Boot Hill Mercantile, ideally positioned on Wallace Street along Virginia City’s main commercial corridor with direct frontage on the historic boardwalk. Featuring genuine frontier charm and a proven retail operation, this offering includes the business, inventory, and real estate, presenting a rare opportunity in a market where private ownership is limited and opportunities like this are highly sought after. Originally home to The Madisonian newspaper, the building carries a rich legacy that is immediately felt upon entry. Set in the heart of Virginia City, this location places you among one of the most well preserved frontier communities in the American West. Original hardwood floors, vintage displays, and a striking stone exterior create an atmosphere that resonates with visitors seeking a true Montana experience. This is the kind of space that draws people in and keeps them browsing. Currently operating as a successful mercantile and gift shop, the business benefits from high volume seasonal tourism, strong foot traffic, and a location that captures the flow of visitors exploring Virginia City’s boardwalks, historic theaters, and gold rush era landmarks. The approximately 1,971± sqft layout is functional and inviting, offering flexibility to continue the existing retail concept or introduce a new vision such as a specialty shop, gallery, café, or curated Western brand. Recent updates include the addition of a bathroom in the rear portion of the building, where there is currently a storeroom. This creates the potential for employee accommodations or housing, adding another layer of functionality to support business operations. With its established presence, highly usable layout, and prime location, Boot Hill Mercantile is well positioned for an owner-operator or investor looking to step into Virginia City’s tourism driven economy. Surrounded by recreation, history, and a stream of visitors from across the country and around the world, this property is positioned to capture the energy of one of Montana’s most visited historic destinations. This property offers more than just income potential. It offers a place in a destination known far beyond Montana for its preserved history and authentic visitor experience. Shown by appointment only. Contact your agent to schedule a private tour and experience this opportunity firsthand.

Investment highlights

Turnkey Business + Real Estate Offering

Includes Boot Hill Mercantile business, inventory, and real estate for immediate operation and income generation

Prime Main Street Frontage

Located on Wallace Street in Virginia City with direct exposure to the historic boardwalk and steady pedestrian traffic

Established Tourism-Driven Revenue

Benefits from high seasonal visitation in one of Montana’s most recognized and well-preserved historic destinations

Proven Retail Operation

Successful mercantile and gift shop with an established presence and repeat visitor appeal

Flexible Commercial Use

~1,971± sqft layout supports retail, gallery, café, specialty shop, or boutique Western brand concept

Historic Character & Authentic Appeal

Original hardwood floors, vintage finishes, and stone exterior create a distinctive, experience-driven retail environment

Legacy Property with Historic Significance

Former home of The Madisonian newspaper, adding storytelling value and customer draw

Limited Market Availability

Rare opportunity to own commercial real estate in a tightly held, supply-constrained historic district

Value-Add Potential with Rear Conversion

Recent bathroom addition allows for potential employee space or small-scale residential use to support operations

Strong Foot Traffic Capture Location

Positioned along the main flow of visitors exploring theaters, shops, and gold rush landmarks

Owner-Operator or Investment Play

Ideal for hands-on operators or investors seeking a lifestyle asset with income and appreciation potential

Listing Contacts

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Additional Information

Name
Miranda Wheeler
License
123481
Brokerage
Berkshire Hathaway HomeServices
Brokerage Phone
406-8425650
Title
Real Estate Broker
Brokerage Address
118 South Main Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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