5200 Elk Lake Road
Lima, MT, 59739 $ 2,000,000
Bedrooms-- Baths-- Sq 7,316 Monthly Estimate*
$ 12,477
for $2,000,000. This 7,316 square foot building was built in 1937.
Tucked deep in Montana’s Centennial Valley, Elk Lake Resort presents a rare chance to own a legacy hospitality business in one of the most unspoiled and wildlife-rich settings in the West. Surrounded by sweeping views, endless skies, and abundant big game, the resort’s business, buildings, and infrastructure are now offered for sale—completely turnkey and ready for the next chapter. Operating seasonally, the resort currently offers all-inclusive lodging, dining, and outdoor recreation to guests seeking the ultimate off-grid experience. The property includes multiple cozy guest cabins, a spacious ranch house, a fully equipped main lodge with a full-service bar, commercial kitchen and dining area, outbuildings, staff quarters, and on-site amenities like a private dock and watercraft for guests. Known for its intimate atmosphere, warm hospitality, and connection to nature, Elk Lake has become a sought-after destination for families, fly-fishermen, wedding parties, and retreat groups looking to unplug and recharge. That said, the possibilities go well beyond the current business model. With its remote location, strong infrastructure, and access to thousands of acres of public land, this property could easily be transformed into a basecamp for hunting outfitters, a seasonal retreat center, or a private hospitality venture. Whether you want to continue its decades-long tradition of summer lodging and dining, or reimagine it as a destination for sportsmen and backcountry adventure, the foundation is already in place. This is more than a business—it’s a lifestyle. A place where days are defined by sunrises over the lake, the sound of elk bugling in the fall, and evenings spent under a sky full of stars. If you've been waiting for the right moment to step into a meaningful, Montana-based venture with history and heart—this is it.
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FeaturesGeneralSewer Private Sewer Septic Tank
Utilities Electricity Connected
Year Built 1937
Property Subtype Building
Tax Year 2024
Current Use Commercial Hotel/Motel Residential Recreational Single Family
Waterfront Features Dock Access Lake Waterfront
County Beaverhead
Property Type Commercial Sale
Garage Y/N false
Status Active
Directions GPS:5200 US Frst Service Rd 8384 Lima MT 59739 From Ennis take US-287 S turn L at MT-87 S turn L at Henrys Lake Rd turn L on Forest Rd 053 turn R onto Red Rock Pass Rd turn R onto US FS Rd 8384
City Lima
Body of Water Elk Lake
Lot Size Units Acres
Lot Size Square Feet 0
Carport Y/N false
Tax Annual Amount 3995
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Virtual Tour https://youtu.be/v3WS_EA0koo
Expected Active Date 2025-07-29
Legal Description S29 T13 S R01 E IMPS ONLY
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InteriorBasement (Y/N) false
Fireplace Y/N false
Power Production Type Photovoltaics
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ExteriorWater Source Private Well
Lot Size Area 0
Foundation Details Other
Building Area Total 7316
Lot Size Acres 0
Waterfront Y/N true
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* Excluded FeaturesList ByEngel & Völkers - ButteBroker
nick.dodge@engelvoelkers.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $12,477
- Monthly Property Taxes
- $333
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Lima, MT
Average List Price $2,000,000
Percent of Sale Price 0%
About Lima, MT 175 Population
-11% Since 2002
$ 41,324 Median Income
50.3 Median Age
18% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/7/2025 | $2,000,000 | | Listed Price |