2401 Montana Ave – (Buffalo Block @ Historic Rex Building)

Buffalo Block @ The Elegant Historic Rex Building

For Sale: $5,850,000

For Lease: $22.00 SF/YR

Timeless Character. Modern Opportunity.

The former 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

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: 

• 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): 9,694 SF
• Total Rentable SF Second Floor: 3,250 SF
• Third Floor: 3,250 SF (Leased)
• 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.