122 W Wallace Street, Virginia City, MT

$449,000

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1,971

Square feet

0.05

Acres

About 122 W Wallace Street

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.

Features of 122 W Wallace Street

MLS® # 409608
Price $449,000
Square Footage 1,971
Acres 0.05
Year Built 1865
Type Commercial Sale
Sub-Type Building/Business
Status Active

Community Information

Address 122 W Wallace Street
Area 7M - Madison County
Subdivision Virginia City Original Plat
City Virginia City
County Madison
State MT
Zip Code 59755

Amenities

Utilities Electricity Available, Phone Available, Sewer Available, Water Available
Parking Gravel, On Street
Is Waterfront No
Has Pool No

Interior

Heating Forced Air
Cooling None
Fireplace No
Has Basement No

Additional Information

Date Listed March 23rd, 2026
Days on Market 144
Zoning Call Listing Agent for Details
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentMiranda Wheeler
OfficeBerkshire Hathaway - Sheridan

Listing Map

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