Cactus Creek Steak Outfitters and Saloon closed Friday on Billings' busy West End.
The reader board outside the building at 2928 King Ave. W. said the 18-year-old building is for sale.
Billings-based broker Bob Pulley said Monday he’s marketing the entire property for $3.25 million, which includes the liquor license, restaurant equipment, casino-related equipment and other items inside.
For just the land and building, the listing price is $2.5 million, Pulley said.
“It’s such a good location,” Pulley said, adding that he’s gotten mostly local interest because he hasn’t started major marketing.
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In 2015, the building and land were appraised at $1.55 million, according to Montana Cadastral, a state-owned service that tracks property valuations.
The restaurant and building are owned by Kelly McClain of Billings and Tom Lavelle of Fargo, N.D., under the group Cactus Creek Building Partnership, according to Pulley. The two men also own the Chuck E. Cheese restaurant in Billings.
The number of employees at Cactus Creek was not available Monday. Pulley said some employees contacted him over the weekend because they had been unaware of the closure.
The owners could not immediately be reached for comment Monday.
Cactus Creek moved to the King Avenue West location in 1998 and had operated for years as the Cattle Company in Rimrock Mall. The restaurant served steak, seafood and traditional American food.