Commercial $ 1,750,000

5200 Elk Lake RD

Lima, MT 59739

  • 7,316 SqFt
  • 1937 Year Built
Tucked deep in Montana's Centennial Valley, Elk Lake Resort presents a rare chance to own a legacy hospitality business in one of the most unspoiled and wildlife-rich settings in the West. Surrounded by sweeping views, endless skies, and abundant big game, the resort's business, buildings, and infrastructure are now offered for sale—completely turnkey and ready for the next chapter.

Operating seasonally, the resort currently offers all-inclusive lodging, dining, and outdoor recreation to guests seeking the ultimate off-grid experience. The property includes multiple cozy guest cabins, a spacious ranch house, a fully equipped main lodge with a full-service bar, commercial kitchen and dining area, outbuildings, staff quarters, and on-site amenities like a private dock and watercraft for guests. Known for its intimate atmosphere, warm hospitality, and connection to nature, Elk Lake has become a sought-after destination for families, fly-fishermen, wedding parties, and retreat groups looking to unplug and recharge.

That said, the possibilities go well beyond the current business model. With its remote location, strong infrastructure, and access to thousands of acres of public land, this property could easily be transformed into a basecamp for hunting outfitters, a seasonal retreat center, or a private hospitality venture. Whether you want to continue its decades-long tradition of summer lodging and dining, or reimagine it as a destination for sportsmen and backcountry adventure, the foundation is already in place.

This is more than a business—it's a lifestyle. A place where days are defined by sunrises over the lake, the sound of elk bugling in the fall, and evenings spent under a sky full of stars. If you've been waiting for the right moment to step into a meaningful, Montana-based venture with history and heart—this is it.
Listed by Engel & Volkers - Butte

VIRTUAL TOUR

PROPERTY DETAIL

  • Key Details

    Property Type Commercial

    Sub Type Building/ Business

    Listing Status Active

    Purchase Type For Sale

    Square Footage 7, 316 sqft

    Price per Sqft $239

    MLS Listing ID 403116

    Year Built 1937

    Annual Tax Amount $3,995

    Tax Year 2024

    Property Sub-Type Building/ Business

  • Location

    State MT

    County Beaverhead

    Area Madison/Beaverhead/Jefferson

    Direction GPS:5200 US Frst Service Rd 8384, Lima, MT 59739 From Ennis take US-287 S, turn L at MT-87 S, turn L at Henrys Lake Rd, turn L on Forest Rd 053, turn R onto Red Rock Pass Rd,turn R onto US FS Rd 8384

  • Building

    Sewer Septic Tank

    Water Well

  • Interior

    Fireplace No

  • Exterior

    Utilities Available Electricity Connected, Fiber Optic Available, Propane, Phone Available, Septic Available, Water Available

    Water Access Desc Well

  • Others

    Tax ID 0000102085

    Ownership Full

    Acceptable Financing Cash, 1031 Exchange, 3rd Party Financing

    Green/Energy Cert Solar

    Listing Terms Cash, 1031 Exchange, 3rd Party Financing

    Special Listing Condition None

    Virtual Tour https://youtu.be/v3WS_EA0koo

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