2401 Montana Ave

The Elegant Historic Rex Hotel Building For Sale: $5,850,000 For Lease: $22.00 SF/YR Timeless Character. Modern Opportunity. The former Historic Rex Hotel building blends historic charm with contemporary flexibility, offering a rare chance for both investors and restaurateurs. Its prime location and landmark reputation make it an ideal setting for a signature dining destination, boutique office, or adaptive mixed-use concept. History of the Rex Hotel Building: "The Eclectic style hotel was built in 1920 by Alfred Heim, chef for the Buffalo Bill Cody Wild West Show. Bill Cody helped finance the project and was a frequent visitor to the hotel. You can see the original pressed tin ceiling of the first floor in the present-day Rex Restaurant. The one-story wing to the east was added in 1998". Resource: Yellowstone Historic Presentation Board. Main Floor/ Basement Options Option 1 - Full Service Restaurant with all beverage liquor license concession available. Option 2 - Mixed Use: Restaurant & Banquet Space with all beverage liquor license concession available. Option 3- Class A Office Space: Renovation Required Option4 - Purchase of building and all beverage license Real Estate: $4,850,000 License: $1,000,000 *License Shall NOT be sold separately* Property Highlights: Historic Rex Hotel Building (fine dining area): 3,250 SF Addition (bar/lounge): 3,194 SF Basement: 3,250 SF (must be part of first floor sublease; not leasable as standalone) Total Rentable SF (main floor/basement): 6,444 SF Second Floor: 3,250 SF Third Floor: 3,250 SF Landmark historic property with architectural prestige. Liquor license concession available. Prime downtown location ideal for dining, hospitality, catering, boutique office tenants, and residential use. Additional parking available.