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Restaurant Property With Lodging
For Sale
$649,000

102 Mill Street, Sheridan, MT 59749

CommercialSale, Sheridan, MT

Property Size7,062 SF
Lot Size0.41 Acres
Price / SF$91.90
Days on Market299

Property Features for 102 Mill Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description C - Commercial
Directions half a block east of main street in Sheridan
Subdivision 7MR - Madison - Ruby Valley
Standard status Active
APN 0007014500
Size 7,062 SF
Lot size 0.41 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Extensive - inquire with agent
Tax Annual Amount 5115
Legal Description Extensive - inquire with agent

Utilities

Sewer type Public Sewer
Water source Public

Building Details

Year built 1946
Listing Agency: Berkshire Hathaway - Sheridan · Berkshire Hathaway HomeServices
Listed By: Nicholette Picken · License #BRO-98427
Added: Nov 1, 2025 Changed: Aug 19 Last Checked: Aug 26 at 4:06PM
MLS# 406729

Copyright © 2026 Big Sky Country MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 7,062-square-foot commercial property combines a restaurant and bar area with additional lodging accommodations. The rear portion contains three two-bedroom, one-bath apartments and three motel-style rooms, including one currently used for storage. A furnished and equipped commercial kitchen supports the restaurant operation, and the property includes a Montana liquor license. Renovations and upgrades have been completed by the current owners.

Built in 1946 on 0.41 acres, the property is located at 102 Mill Street in Sheridan, Montana, approximately half a block from Main Street. Public water and public sewer serve the property. Sheridan provides access toward Virginia City, Ennis, and Yellowstone National Park, with Butte approximately 50 miles away, Bozeman 95 miles away, and Helena 100 miles away.

Key Highlights

  • 7,062‑square‑foot building on 0.41 acres
  • Restaurant and bar area with furnished, equipped commercial kitchen
  • Three 2‑bedroom, 1‑bath apartments

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick HVAC Service Auto Parts Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store Bakery Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Turnkey business
Opportunity
Yes
Liquor license

Location Intelligence

Trade Area within ½ mile

156
Businesses Nearby
Well-served
Demand for This Use

Demographics for 59749, MT

1,640
Population
885
Households
1.9
Avg Household Size
55
Median Age
34%
College-Educated
94%
High-School Grad
238.2 sq mi
ZIP Area
7
Density / Sq Mi
$78,534
Median Household Income
$31,618
Median Earnings
$778
Median Rent
$347,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant and bar facilities are paired with apartments, motel-style rooms, and a furnished commercial kitchen.
Where is this conventional restaurant located?
The property is located at 102 Mill Street Sheridan, MT.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 7,062‑square‑foot building on 0.41 acres; Restaurant and bar area with furnished, equipped commercial kitchen; Three 2‑bedroom, 1‑bath apartments
More about this property
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