The median home value in Lima, MT is $232,800.
This is
lower than
the county median home value of $339,000.
The national median home value is $338,100.
The average price of homes sold in Lima, MT is $232,800.
Approximately 67.5% of Lima homes are owned,
compared to 6.25% rented, while
26.25% are vacant.
Lima real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you see a property you’re interested in, contact a Lima real estate agent to arrange a tour today!
Unique opportunity to own a 20.68 acre parcel, bordered by Forest Service and located right below the majestic Lima Peaks. Little Sheep Creek flows seasonally through the property and the Middle fork trailhead provides access to thousands of acres of public land for the hunting, hiking or horseback riding opportunities in Montana. Elk, moose, deer and antelope are found throughout this pristine area, with its aspens, Douglas fir, willows and wide open spaces. The property is fenced on 2 sides. The parcel has a homestead entry survey from 1918. Located next to the town of Lima, Montana - you are about an hour from Dillon and also an easy 1.5 hours from Idaho Falls, which has a nice, medium sized airport. Don't miss this opportunity!
Nearly 1/2 acre building lot in Lima. The City Council recently approved this lot for city water hook up and will likely be available for Buyers to install next spring. You can't beat the beautiful views from this parcel of the Lima Peaks & Tendoys all year long. Lima is at the center of world class fishing, trophy hunting, and year round outdoor adventuring. For everyday needs, Dillon is a short 40 mins north; say hello to the Bald Eagles flying by on your way. For more local adventures Clark Reservoir is just 20 mins north and offers great boating, fishing, even ice fishing in the winter! Lima is close to a variety of amenities: 1.5 hrs to Idaho Falls for great shopping or catching a flight, 2 hrs to West Yellowstone, 1.5 hrs to Maverick Mountain ski hill, 2.5 hrs to Bozeman. Lima is just a fantastic community offering a K-12 school, neighbors who care about each other and a town that appreciates all that Montana has to offer. Call today to see for yourself!!
This property located in the heart of the Centennial Valley includes two parcels that are fully fenced and total 280 deeded acres of incredible pasture as well as an additional 80 acres of leased BLM. The surrounding views of the valley and the Centennial Mountains are breathtaking. There is ample water from two different sources – Jones Creek and Winslow Creek. Water rights are included. There is so much opportunity here. In addition to great grazing, this property would be an ideal spot for a hunting lodge. Or, the remote location would perfect to make it your own private and peaceful getaway where all you hear are the cows mooing and the birds singing . An existing grazing lease brings in a nice source of passive income, icing on the cake!
This property located in the heart of the Centennial Valley includes two parcels that are fully fenced and total 280 deeded acres of incredible pasture as well as an additional 80 acres of leased BLM. The surrounding views of the valley and the Centennial Mountains are breathtaking. There is ample water from two different sources – Jones Creek and Winslow Creek. Water rights are included. There is so much opportunity here. In addition to great grazing, this property would be an ideal spot for a hunting lodge. Or, the remote location would perfect to make it your own private and peaceful getaway where all you hear are the cows mooing and the birds singing . An existing grazing lease brings in a nice source of passive income, icing on the cake!
Centennial Ranch spans 10,169 acres, comprising 3,145 acres of deeded land and an additional 2974.7 BLM, and 4049 State acres. It boasts expansive grazing terrain with quality grasses suitable for supporting up to 550 cow/calf pairs. Currently, the ranch runs 500 cow/calf pairs during the summer grazing season. Nestled along two and a half miles of the Red Rock River. This property is protected with a Conservation Easement. One additional personal residence can be built in the 20 acre building envelope. a copy of the easement can be found in the documents tab. 900 flood irrigated acres.
Seize a rare chance to own the charming Mountain View Motel & RV Park in beautiful Lima, MT. This retro-style, rustic Montana property is surrounded by endless recreational opportunities. It spans 4.49 acres at the base of the stunning Lima Peaks, along the historical Continental Divide Trail, and offers incredible income growth potential on multiple levels. The motel has 18 cozy rooms, including four with full kitchens, perfect for longer stays, and can accommodate up to 72 guests. The RV park features 20 spacious pull-through sites, with 16 full-service, one water/electricity, and three dry sites, plus a handy coin-op laundry facility. Travelers with horses will appreciate the option to turn them out during their stay in the two large corrals. Also, the owner’s/manager's residence provides a convenient and comfortable ±2,800 sq ft living space. Additional property amenities include a large detached garage, three storage sheds, an authentic tepee, and a large firepit area for guests to enjoy. Nestled in a prime spot for blue ribbon fishing, open district elk hunting, and unlimited year-round activities, Lima attracts more than 400,000 visitors annually. With over 20 years of reliable income and a loyal, returning customer base, this business is a proven success. As a bonus, the rising popularity of motorcoach travel offers exciting growth potential for this long-standing property. Don’t miss out on this fantastic investment in a beloved community. Property being sold "As Is". Call me today to schedule a showing!
Quaint restaurant/cabins/ personal residence for Sale in Lima, MT. Lots of opportunity to work and play in Montana. Homestead Cafe & Cabins is a full service restaurant, coffee shop, with a full liquor license. Located in an agricultural community, conveniently located right of of 1-15 between Idaho Falls and Dillon. A 3250 sq.ft. restaurant with a sit down bar, dining room, prep area, kitchen, bathrooms, retail area, walk in coolers, office and storage area. An unfinished basement stores the water heaters plus heating system. 1140 sq.ft. cabins which three are rented as short term rentals, another one can be finished to add to your income. The residence is 2554 sq.ft. home, which includes three bedroom, two baths, good sized living/dining area and a new wood fireplace has been installed recently. A two car detached garage and other outbuildings for storage give you plenty of room. The area is well known for the recreational amenities that Beaverhead County has to offer. Big game hunting, fishing, hiking, snowmobiling, and bike riding are just a few. Over the hill is the beautiful Centennial Valley, Red Rock Bird Refuge, and country road to Island Park area. Built in 1930 this restaurant has been a stop for many travelers. It is well known for their fresh homemade meals that attract the locals plus the many travelers that stop on its way through this area Small town business that is rich in tradition. Parking available around the building. A list of equipment will be provided to a preapproved buyer. Serious inquiries only, contact broker for any information. Also a confidential non-disclosure agreement must be signed before any information is provided.
Looking for a real Montana opportunity? Look no further, nestled in Montana’s majestic Centennial Valley, the historic Elk Lake Resort is a one-of-a-kind property. Surrounded by public land and a neighboring 50,000+ acre untamed wildlife refuge, Elk Lake Resort is a year-round business that provides guests unrivaled access to Montana’s beauty. Located in the Beaverhead-Deer Lodge National Forest, Elk Lake is in a chain of lakes that enjoy unrivaled starry night skies, renowned fishing and an abundance of wildlife from the Greater Yellowstone Ecosystem. Elk Lake Resort is the only commercial lodging/bar/restaurant in the area that operates under a special use permit by the National Forest Service. Generations of families come back each year to create memories in front of the crackling campfire, to savor a delicious meal, and to enjoy high-quality accommodations. In addition to the historic 5,000 square foot main lodge, this property includes eight cozy guest cabins, a cold storage building, a shop space, a barn, boat shed, and docks
Elk Meadows Ranch in Lima, Montana epitomizes the beauty, recreation and production for which Montana is known. Of the 6,177+/- total acres, 3,081+/- acres are deeded and 3,096+/- acres consist of State grazing leases. Ample water from shares in the Lima Dam Reservoir, Big Sheep Creek, and other tributaries that bisect the ranch allow the operator to cultivate a significant portion of the land, ideal for ensuring consistent and plentiful supply of water to the ranch's crops. The presence of 8 pivots collectively cover 852+/- acres while 45+/- acres are under wheel-line, and approximately 715+/- acres are flood irrigated. This ranch's acreage and irrigation allow for a year-round cattle operation, addition to hay base, or purebred operation. In addition, this ranch boasts cutting-edge cattle handling facilities such as a state-of-the-art feedlot and indoor working facilities. 3,200+/- feet of frontage along the trout-filled Big Sheep Creek is paradise for nature enthusiasts and anglers alike. Beyond fishing, the ranch is located in the MT General 303 Hunting District. Hundreds of elk seasonally roam throughout the ranch, providing excellent opportunity for those seeking to harvest large bull elk. The vast acres of rolling hills and lush meadows provide ample space for seasonal elk herds and cattle, making it ideal for both recreational and agricultural pursuits. Efficiently managed to set the standard for modern livestock management, this ranch offers a seamless cattle handling experience. Beyond its cattle operation, Elk Meadows Ranch offers a wealth of recreational possibilities that cater to outdoor enthusiasts of all kinds.