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Seasonal Lake Resort Property
For Sale
$1,750,000

5200 Elk Lake Road, Lima, MT 59739

Turnkey resort with guest cabins, main lodge with bar and commercial kitchen, staff quarters, and on-site dock and watercraft.

Property Size7,316 SF
Price / SF$239.20
Days on Market418

Property Features for 5200 Elk Lake Road

General Information

Standard status Active
Size 7,316 SF
Property subtype Business Op
Zoning PLI - Public Lands & Institutions

Additional Details

Business Included Yes

Taxes and HOA fees

Annual Taxes $3,995

Building Details

Building Size 7,316 SF
Year Built 1937
Listing Agency: REAL Broker
Listed By: Graham Miles · License #108402
Source: Outlaw
Added: Jul 15, 2025 Changed: Sep 4 Last Checked: Sep 5 at 5:13AM

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 REAL Broker

Investment Insights

Based on property information with market context.

This turnkey resort property includes multiple guest cabins, a spacious ranch house, and a main lodge. The lodge features a full-service bar, a commercial kitchen, and a dining area, with additional outbuildings and staff quarters on site.

The resort operates seasonally and is set around Elk Lake, with amenities including a private dock and watercraft for guests. The offering includes the property’s business, buildings, and infrastructure, presented for a seamless continuation of lodging and dining operations.

The location is described as tucked deep in Montana’s Centennial Valley with access to thousands of acres of public land. For buyers looking to continue the current seasonal lodging and dining use, or to pursue alternate hospitality concepts, the on-site improvements and guest-oriented facilities provide a base to build from.

Key Highlights

  • Seasonal Elk Lake Resort includes all‑inclusive lodging, dining, and outdoor recreation for guests
  • On‑site main lodge features a full‑service bar, commercial kitchen, and dining area
  • Multiple guest cabins plus a spacious ranch house are included

Property Analytics

Current Use

Resorts

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

4
Businesses Nearby

Demographics for 59739, MT

325
Population
284
Households
1.1
Avg Household Size
54
Median Age
24%
College-Educated
97%
High-School Grad
1,017.6 sq mi
ZIP Area
$54,609
Median Household Income
$21,932
Median Earnings
$188,800
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?
Resort - Turnkey resort with guest cabins, main lodge with bar and commercial kitchen, staff quarters, and on-site dock and watercraft.
Where is this resort located?
The property is located at 5200 Elk Lake Road Lima, MT.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Seasonal Elk Lake Resort includes all‑inclusive lodging, dining, and outdoor recreation for guests; On‑site main lodge features a full‑service bar, commercial kitchen, and dining area; Multiple guest cabins plus a spacious ranch house are included
More about this property
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