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    5200 Elk Lake Rd Lima, MT 59739

    For Sale
    $2,000,000

    Commercial Sale, Other - Lima, MT

    Property size:
    7,316 SF
    Days on Market:
    124
    Last Refresh:
    Dec 6 at 6:06 pm

    Property Features for 5200 Elk Lake Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    PLI - Public Lands & Institutions
    APN
    0000102085
    Size
    7,316 SF

    Building Details

    Year built
    1937
    Architectural style
    Other

    Engel & Völkers Butte (406) 565-4935 [email protected]

    Listing agent Riley Ogden (406) 565-4935

    Listing date Aug 5, 2025

    MLS# 403116 Listing URL

    Copyright © 2025 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Montana Resort Hospitality Business Opportunity

    Elk Lake Resort, nestled in Montana’s Centennial Valley, presents an opportunity to own a hospitality business. The resort offers lodging, dining, and outdoor recreation to guests seeking an off-grid experience. The property features guest cabins, a ranch house, and a main lodge equipped with a full-service bar, commercial kitchen, and dining area. Additional outbuildings, staff quarters, a private dock, and watercraft are included. The 7,316 square foot resort is known for its atmosphere and connection to nature, attracting families, fly-fishermen, wedding parties, and retreat groups. Located in Lima, Montana, the property could be transformed into a basecamp for hunting outfitters, a seasonal retreat center, or a private hospitality venture. The resort is situated on public lands and institutions, offering access to thousands of acres of public land. The property's infrastructure supports a continuation of summer lodging and dining or a reimagining as a destination for sportsmen and backcountry adventure.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Resorts

    Map

    City
    Lima
    County
    Beaverhead
    State
    Montana
    Longitude
    -111.631724
    Latitude
    44.672025

    Nearby Similar for Sale

    • $2,000,000

      Legacy Hospitality Business Opportunity

      Turnkey resort in Montana's Centennial Valley, ready for new ownership.
      5200 Elk Lake Rd, Lima, MT 59739
      View Details

    FAQs

    What type of property is this?
    Resort - Turnkey resort in Montana's Centennial Valley, ready for its next chapter.
    Where is this resort located?
    The property is located at 5200 Elk Lake Rd Lima, MT.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: - Turnkey legacy hospitality business in Montana's Centennial Valley.; - All-inclusive resort offering lodging, dining, and outdoor recreation.; - Multiple guest cabins, ranch house, main lodge with bar and commercial kitchen.
    (406) 565-4935
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5200 Elk Lake Rd Lima, MT 59739
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