In 1999 it was designated an Omaha Landmark and listed on the National Register of Historic Places.

[4] The Union Stockyards were closed in 1999, and the Livestock Exchange Building underwent an extensive renovation over the next several years.

Chicago and Omaha were the two largest centers for livestock processing in the nation, and the industry was the most important in the city.

[5] Once the center of business and trading in the midst of 260 acres (110 ha) of livestock pens, the Livestock Exchange Building housed the Stockyards National Bank, offices, a bakery, cafeteria, kitchen, soda fountain, cigar stand, telephone and telegraph offices, apartments and sleeping rooms, a clothing store and a convention hall.

There are two ballrooms located on the 10th floor, with 22-foot ceilings in an elegant Romanesque and Northern Italian Renaissance Revival style.