201 W Wallace St, Virginia City, Montana, 59755





MLS: 25071-06016

2,000 SqFt

1,420 SqFt


1.0 baths

What You Should Know

  • Historic District

  • Old Wild West

  • Turn Key

  • Investment Opportunity

  • Ghost Town

  • Gold Placer Mining

  • Lifestyle

  • High Traffic area

Why You'll Love It

Commercial Building For Sale

LOCATION! LOCATION! LOCATION! Right on the main road of Virginia City sits this beautiful commercial building awaiting a new owner! Originally built in 1885 and known as "Elling Bank", this building was remodeled with electric brought up to code, new ceiling, electic heat, and so much more in 2018. The building is currently used as a tea and book store. Parking lot for public parking directly across the street and on street parking with 2 spaces in the back. The town operates from May to September (Memorial Day weekend to Labor Day weekend). This building also has a basement that can be an apartment for a live in/work opportunity for the spring and summer! Prior to its current use, this building has been numerous different businesses, from a bank, to merchantile, books, jewelery, and so much more! This opportunity wont last long so schedule your private showing today! 

History On The Property

 "Bankers Nowlan and Weary set up business in this brick-veneered building, one of the town’s oldest stone structures, in 1864. Three well-proportioned Gothic arches with elaborate tracery, removed during 1910 remodeling, originally graced its stone façade. In 1873, Henry Elling took over the banking business. His first fortune, made in merchandising, had disappeared along with his partner, but Elling quickly recouped his losses. The buying of gold dust proved a most profitable venture, and Elling became an expert, able to determine the exact location of extraction from the texture and color of the dust. Under his shrewd direction, Elling’s tiny bank became the first financial capital of Montana. The ornate vault, still intact, always carried large amounts of the dust. The Elling State Bank was organized in 1899 and Elling died a millionaire the following year. His family continued to operate the bank for another thirty years." The Montana National Register Sign Program, “Elling Bank,” Historic Montana, accessed April 22, 2022, https://historicmt.org/items/show/865.

History On Virginia City, MT

Six men left their camp in Bannack to search for gold to buy tobacco back at the camp. They were captured, but once released, had camped along Alder Gulch. They came across the world's biggest surface field of gold! They tried to keep this a secret, but word got out and they were followed. Shortly after, Virginia City became a town and was booming. A group called the "Road Agents" came through and terrorized the residences of Virginia City. The people believed the Sheriff was in on it and formed their own Vigilante Commitee called "Vigilantes" and represented by the numbers "3-7-77". If you caused problems and woke up to those numbers written on your house, you had 2 choices: run or let justice be served. 

In 1865, Viriginia City became the new territrial capital of Montana .But by 1875, Virginia City became a ghost town and Helena became the capital. Virginia City was known as the richest placer gold strike in the Rocky Mountains and struck over $100 Million throught the 18th and 19th centuries. During the 1940's, Charles Bovey started purchasing and restoring the remaining and abandonded buildings. By 1961, Virginia City became a Historical Landmark.

Virginia City, MT is a year round town where the locals live, but is known as where the "Old West" comes to life in the summer months. Nevada City, MT is a 5 minute drive from Virginia City. It was designed to show the modern day people how life was established during the mining days between Virginia City and Bannack, MT. Nevada City is seasonal, as most shops in Virginia City are too. The season runs from Memorial Day weekend to Labor Day weekend. Stay a day, a night, a week, or fall in love, buy property, and stay a lifetime! Some things to do, but are not limited to, are as follows:

  1. Hotels, Airbnb, Cabins for overnight stays
  2. restaraunts
  3. shopping
  4. museums
  5. Virginia City Players ( all ages)
  6. Brewery Follies (adults only due to language and "humor")
  7. Live/Living History at the Nevada City Museum
  8. Gold Panning
  9. Railroad ride between Nevada City and Virginia City
  10. Ghost tours/stories
  11. "Vigilante" stories
  12. ...and so much more!

Business and Building For Sale

Now is a great time to purchase this turn key Tea and Book Store business opportunity in Virginia City, MT! Become the new owner of "Tea N' Scandal". "Dragons Journey" written by Diana Stauder (Diana Bunitsky) the current owner of Tea N' Scandal comes with 2 books, a board game, and 6 colorful dragon plushies. Inventory available upon request, with a non-disclosure agreement signed by the buyer prior to release. Other items included in this amazing turn key business opportunity include varieties of flavored teas, tea sets, books, furniture, and more. This business will also transfer rights of the www.teanscandal.com website, and the Facebook page! People travel all over the world, not just Montana, or the states! You won't want to miss this opportunity! Please see listing 25071-06017 for more information on Business and Building For Sale.

Documents (4)

Where You'll Find It

  • Street Address: 201 W Wallace St
  • City: Virginia City
  • State: Montana
  • County: Madison

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Joselyn DeHart

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