5200 Elk Lake Road, Lima, MT

$2,000,000

Previous Next

7,316

Square feet

About 5200 Elk Lake Road

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.

Features of 5200 Elk Lake Road

MLS® # 403116
Price $2,000,000
Square Footage 7,316
Year Built 1937
Type Commercial Sale
Sub-Type Building/Business
Status Active

Community Information

Address 5200 Elk Lake Road
Area 7B - Beaverhead County
City Lima
County Beaverhead
State MT
Zip Code 59739

Amenities

Utilities Electricity Connected, Fiber Optic Available, Propane, Phone Available, Septic Available, Water Available
Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Additional Information

Date Listed July 15th, 2025
Days on Market 87
Zoning PLI - Public Lands & Institutions
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentRiley Ogden
OfficeEngel & Volkers - Butte

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?