Buffalo Block @ the Historic Rex Building 2401 Montana Ave 16,194 SF 20% Leased Retail Building Billings, MT 59101 $4,500,000 ($277.88/SF)

Buffalo Block @ The Elegant Historic Rex Building
For Sale PRICE REDUCED: $4,500,000
For Lease: $16.00 - $22.00 SF/YR
Timeless Character. Modern Opportunity.
The Historic Rex 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 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
Option 4 - Purchase of building and all beverage license
*License Shall NOT be sold separately*

Property Highlights:
Buffalo Block @ Historic Rex 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.