Address
540 Main Street, Melrose, MT
Price
$ 1,580,000
Property Attributes
- MLS#412760
- TypeSingle Family
- Listing Status Active
- CountySilver Bow
- CityMelrose
- AreaButte and Surrounding Areas
- Zip59743
- Style
- Year Built1962
- Taxes$ 10111
- Price$ 1,580,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4490
- Lot Size5.366 Acres
Data Source:
Big Sky Country MLS (BSCMLS)
Property Description
540 Main Street presents a rare opportunity to acquire an established hospitality/RV property in Melrose, Montana, located along the iconic Big Hole River corridor. The Sportsman Lodge includes (8) eight lodge rooms, two (2) onsite rental cabins, management of nine (9) offsite rental cabins, seventeen (17) full-service RV sites, and nine (9) dry camping spaces, creating a well-balanced hospitality footprint that serves anglers, hunters, and outdoor travelers visiting the Big Hole Valley. The property also includes an on-site residence, offering an owner-operator the ability to live on-site or provide additional housing flexibility. Situated just off Interstate 15, the location provides convenient year-round access while maintaining a destination-oriented, rural Montana setting. The Sportsman Lodge operates as a well-established hospitality business supported by multiple complementary revenue streams. In addition to lodging and RV accommodations, the business generates income from on-site coin-operated laundry, merchandise sales, and UTV rentals, adding diversity beyond nightly stays. The current owner has also implemented an upgraded check-in system that allows for no-contact reservations, improving operational efficiency and guest convenience. With limited competing inventory in the immediate area and steady demand driven by outdoor recreation and regional travel, the business and real estate together present a compelling investment opportunity in one of Southwest Montana’s most established recreational corridors.
| Price History | |
|---|---|
| 6/30/2026 | Listed $1,580,000 |
General Features
| Utilities | WaterAvailable |
|---|---|
| Year Built | 1962 |
| Property Subtype | BuildingBusiness |
| Tax Year | 2025 |
| Ownership | Full |
| County | Silver Bow |
| Property Type | CommercialSale |
| Possible Use | LiveWork |
| Status | Active |
| Directions | Take exit 93 west into Melrose. Drive North on Main Street for ±.4 miles. Sportsman Lodge is on the right. |
| ModificationTimestamp | 2026-06-30T20:59:55.950-00:00 |
| City | Melrose |
| Zoning Description | None/Unknown |
| MLS Area | Butte and Surrounding Areas |
| Lot Size Units | Acres |
| Lot Size Square Feet | 233742.96 |
| Tax Annual Amount | 10111 |
| MLS Area Minor | 10OB - Other Butte/Silver Bow Areas |
| Virtual Tour | https://www.youtube.com/watch?v=s5FX9fI7iF8 |
| Standard Status | Active |
| PostalCity | Melrose |
| Legal Description | MELROSE TOWNSITE, S26, T02 S, R09 W, BLOCK 8, Lot 11 - 18, LTS 1-20 BLK 10; LTS 1-20 BLK 12 & VACATED STREETS & ALLEY MELROSE TOWNSITE, S26, T02 S, R09 W, Lot B, COS 1019B-RB, VACATED 5TH ST ADJ BLKS 8 &10 |
Exterior Features
| Horses | No |
|---|---|
| Irrigation/Water Rights | No |
| Parking Features | Common |
| Water Source | Well |
| Lot Size Area | 5.366 |
| Building Area Total | 4490 |
| Lot Size Acres | 5.366 |
| Other Parking | 26 Or More |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 59743
Price
Taxes
Year Built
Big Sky Country MLS - Gallatin Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties
