The historic hotel Montana built in 1909 has been a longtime focal point in Reed Point, located on the Yellowstone trail and home of the Great Montana Sheep Drive. The two story brick building began as Walker’s Store, a mercantile business and in 1997 it was converted into the Hotel Montana. Upgrades include new metal roof, remodeled bathrooms in main lobby and all 5 bedrooms plus a newly renovated 3 bed/1 bath upstairs apt. Other amenities include hot water heat, 10 solar panels, some electric and plumbing upgrades. All 5 rooms plus the apt. rented for monthly income. A great investment property with so much potential to finish as a restaurant, turn back into a hotel, Airbnb-Wedding Venue or your own private residence. 5 minutes from the Yellowstone River providing fishing, picnicking or rafting. Yellowstone National Park is 1 1/2 hours away through the entrance at Gardiner, Montana. Also listed as MLS 351987.
For sale
$475,000
201 Division St N, Reed Point, MT 59069
--beds
--baths
7,100sqft
Est.:
Multi Family
Built in 1909
-- sqft lot
$439,700 Zestimate®
$67/sqft
$-- HOA
What's special
Remodeled bathroomsNew metal roofTwo story brick buildingHot water heat
- 18 days
- on Zillow |
- 363 |
- 35 |
Zillow last checked: 7 hours ago
Listing updated: April 12, 2025 at 12:25pm
Listed by:
Jennifer France 406-321-2071,
Parks Real Estate
Source: BMTMLS,MLS#: 352000

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Heating
- Electric, Hot Water
Cooling
- None
Features
- Has fireplace: No
Interior area
- Total structure area: 7,100
- Total interior livable area: 7,100 sqft
- Finished area above ground: 7,100
Video & virtual tour
Property
Parking
- Parking features: Additional Parking
Features
- Stories: 2
Lot
- Size: 8,015.04 Square Feet
- Features: Corner Lot
Details
- Has additional parcels: Yes
- Parcel number: 0000040019
- Zoning description: UNZON
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Brick
- Roof: Metal
Condition
- New construction: No
- Year built: 1909
Utilities & green energy
- Sewer: City
Community & HOA
Community
- Subdivision: Campbell First Addition
Location
- Region: Reed Point
Financial & listing details
- Price per square foot: $67/sqft
- Tax assessed value: $242,752
- Annual tax amount: $1,736
- Date on market: 4/11/2025
- Listing terms: Cash,New Loan
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