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Restaurant Building With Lodging
For Sale
$649,000

102 Mill Street, Sheridan, MT 59749

Renovated property combines a bar and restaurant with apartments, motel-style rooms, and a furnished commercial kitchen.

Property Size7,062 SF
Price / SF$91.90
Days on Market33

Property Features for 102 Mill Street

General Information

Standard status Active
Size 7,062 SF
Property subtype CommercialSale

Restaurant

Equipment Included Yes
Liquor License Yes

Additional Details

Furnished Yes
Business Included Yes

Building Details

Buildings 1
Listing Agency: Berkshire Hathaway - Sheridan
Listed By: Nicholette Picken · License #BRO-98427
Source: Montanarootsrealty
Added: Jul 29 Changed: Aug 29 Last Checked: Aug 25 at 9:52AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway - Sheridan

Investment Insights

Based on property information with market context.

Built in 1946, this property contains over 7,000 square feet arranged for multiple hospitality functions. The front area is configured as a bar and restaurant, while the rear includes three two-bedroom, one-bath apartments and three motel-style rooms. One of the motel rooms is currently used for storage. Significant renovations and upgrades have been completed, and the sale includes a furnished, equipped commercial kitchen along with the restaurant and bar improvements.

The property is located at 102 Mill Street in Sheridan, Montana, approximately half a block from Main Street. Its setting provides access toward Virginia City, Ennis, and Yellowstone National Park, with Butte about 50 miles away, Bozeman 95 miles away, and Helena 100 miles away. A Montana liquor license is also included.

Key Highlights

  • Over 7,000 square feet in a hospitality‑oriented building
  • Front section configured for bar and restaurant operations
  • Three 2‑bedroom/1‑bath apartments in the rear

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

Turnkey business
Opportunity
Yes
Liquor license

Location Intelligence

Trade Area within ½ mile

156
Businesses Nearby
3k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Sinclair Shops & Services
2,493 visits/mo 0.0 miles
Napa Auto Parts Shops & Services
855 visits/mo 0.1 miles

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 Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Renovated property combines a bar and restaurant 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: Over 7,000 square feet in a hospitality‑oriented building; Front section configured for bar and restaurant operations; Three 2‑bedroom/1‑bath apartments in the rear
More about this property
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