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    105 Main St Sheridan, MT 59749

    For Sale
    $480,000

    Historic Main Street eatery & rental unit.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity in Sheridan, Montana, presents a charming, established restaurant and bar located at 105 S Main Street. Built in 1905, the property sits on a 0.04-acre lot and offers significant potential for continued success. The business, known as Candlelight Cafe and Gifts, benefits from a prime Main Street location, ensuring high visibility to both local residents and tourists. Recent upgrades include a new stainless steel refrigerator, under-counter freezer, glass-door refrigerator, full-size convection oven, and wine refrigerator, enhancing operational efficiency and appeal. The cafe features air conditioning and large front windows, creating a comfortable atmosphere for patrons. Adding to the investment potential, the property includes a 900-square-foot, two-bedroom, one-bathroom apartment. This apartment boasts hot water radiant heat and a laundry room, providing the possibility of supplemental rental income or on-site housing for the owner or manager. The sale includes both the building and the established business, presenting a turnkey opportunity for a savvy investor. The property is situated in the heart of the Ruby Valley, offering a unique blend of historic charm and modern amenities. The asking price for this combined restaurant and apartment property is $480,000. This is a rare chance to acquire a well-established business with significant upside potential in a desirable Montana location.

    Property Features for 105 Main St

    General Information

    Property type
    Restaurants
    Lot Size
    1,742 SF

    Building Details

    Year Built
    1905

    HighLights

    • Turnkey restaurant and bar opportunity in Sheridan, MT.
    • Located at 105 S Main Street on a 0.04‑acre lot.
    • Established business (Candlelight Cafe and Gifts) with high visibility.
    • Recent kitchen equipment upgrades including stainless steel refrigerator, freezer, and convection oven.
    • Includes a 900 sq ft, 2 bed/1 bath apartment with radiant heat and laundry.
    • Asking price: $480,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sheridan Liquor Store Liquor Store

    Suggested Use

    Restaurant Realty agency Law Firm Wholesale Shop Building Supply Spa & Massage Dental Office Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sheridan
    County
    Madison
    State
    Montana
    Longitude
    -112.1969722
    Latitude
    45.456037

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    FAQs

    What type of property is this?
    Restaurant - Historic Main Street eatery & rental unit.
    Where is this restaurant located?
    The property is located at 105 Main St Sheridan, MT.
    What is the asking price?
    The asking price for this property is $480,000.
    What are key features of this property?
    This property features: Turnkey restaurant and bar opportunity in Sheridan, MT.; Located at 105 S Main Street on a 0.04-acre lot.; Established business (Candlelight Cafe and Gifts) with high visibility.
    Request Owner's contact information
    105 Main St Sheridan, MT 59749
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    Sheridan, MT 59749
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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
    105 Main St Sheridan, MT 59749
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