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Wallace, NE

Wallace, NE Commercial Real Estate for Sale

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Hayes Center, NE Sutherland, NE

Motel and Residential Income Package

Updated: Oct 31, 2025

Motel and Residential Income Package

Wallace Trifecta-House, Trailer Home, Mo, Wallace, NE 69169

$360,000

Package includes three income‑producing properties in Wallace, NE: 415 N Commercial Ave house, 218 N Garrison Ave trailer home, and 409 N Commercial Ave motel.
415 N Commercial Ave: 1,528 SF home with 3 bedrooms, 2 bathrooms, 2 living areas, large 2‑car garage with workshop area, and covered patio.
218 N Garrison Ave: trailer home on a double lot with 2 bedrooms, 1 bathroom, detached 2‑car garage, and new AC unit.
409 N Commercial Ave motel: 5‑room setup with office; rental rooms include $600/month units (Rooms 3‑5), $780/month unit (Room 6), and $680/month (Room 1).
Multiple revenue streams across residential + motel + rental trailer, offering consistent rental income potential.

Hotel and Diner Event Space

Updated: May 29

Hotel and Diner Event Space

218 Commercial Ave, Wallace, NE 69169

$210,000

11,250 sqft

Wallace Hotel in Wallace, NE offers daily and monthly rates and includes 10 hotel rooms/suites plus an owner/manager unit
On‑site public laundromat with multiple washers and dryers provides additional income
1950s‑style diner available for event rentals for groups up to 40 people
Owner/manager unit is 3 bed, 4 bath and includes an office, living room, dining room, kitchen, and basement with workshop and storage
Lodging mix includes 3 rooms with full‑size bed and bath; rooms with queen bed and kitchenette; and multiple 2‑bedroom suites with kitchens, living rooms, and baths

Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 59 Potential Opportunities for your consideration. Besides 2 Active listings in Wallace, NE, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 53 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Sutherland Retail Property For Sale

Sutherland Retail Property For Sale

300 1st St, Sutherland, NE 69165

$4,195,703

36,104 sqft

Retail property available in Sutherland, Nebraska.

Turnkey Fishing and Liquor Store

Turnkey Fishing and Liquor Store

1232 1st St, Sutherland, NE 69165

$275,000

0.23 AC lot

Storefront property for sale includes fixtures, cooling equipment, and deeded parking and drive-through area on a lease.

Development-Ready Farmland with Road Frontage

Development-Ready Farmland with Road Frontage

State Farm Road Long Acreage W, North Platte, NE 69101

$394,200

19.71 AC lot

Flat farmland with utilities nearby and State Farm Road frontage, currently in hay production and suitable for future residential or light commercial use.

Agricultural Land with Irrigation Well

Agricultural Land with Irrigation Well

State Farm Road Long Acreage E, North Platte, NE 69101

$394,400

19.34 AC lot

Flat irrigated farmland with grain bin and frontage, currently in hay production, offering flexible development options.

Off-Market Properties in Wallace, NE

Consider similar Off-Market properties in Wallace, NE. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Wallace, NE 69169

COMMERCIAL (GENERAL)

Wallace, NE 69169

Value Estimation by Request

3,120 sqft 1.61 AC lot

Wallace, NE 69169

GROCERY, SUPERMARKET

Wallace, NE 69169

Value Estimation by Request

5,525 sqft 1.33 AC lot

Wallace, NE 69169

WAREHOUSE, STORAGE

Wallace, NE 69169

Value Estimation by Request

3,200 sqft 1.93 AC lot

205 Commercial Ave

RETAIL STORES (PERSONAL SERVICES)

205 Commercial Ave, Wallace, NE 69169-8048

Value Estimation by Request

3,066 sqft 0.16 AC lot

409 Commercial Ave

HOTEL

409 Commercial Ave, Wallace, NE 69169-8106

Value Estimation by Request

2,000 sqft 0.52 AC lot

218 Commercial Ave

HOTEL

218 Commercial Ave, Wallace, NE 69169-8091

Value Estimation by Request

7,100 sqft 0.16 AC lot

MANUFACTURING (LIGHT)

302 Ashland St, Wallace, NE 69169

Value Estimation by Request

6,396 sqft 0.66 AC lot

Wallace, NE 69169

WAREHOUSE, STORAGE

Wallace, NE 69169

Value Estimation by Request

6,000 sqft 0.79 AC lot

Wallace, NE 69169

VACANT COMMERCIAL LAND

Wallace, NE 69169

Value Estimation by Request

0.16 AC lot

Wallace, NE 69169

MANUFACTURING (LIGHT)

Wallace, NE 69169

Value Estimation by Request

5,000 sqft 1.90 AC lot

Farms

0 Road 748, Wallace, NE 69169

Value Estimation by Request

154.42 AC lot

Farms

348 Rd, Wallace, NE 69134

Value Estimation by Request

157.31 AC lot

VACANT COMMERCIAL LAND

33146 Hwy 25, Wallace, NE 69169

Value Estimation by Request

0.52 AC lot

VACANT COMMERCIAL LAND

117 Hwy 23, Wallace, NE 69169-8055

Value Estimation by Request

0.32 AC lot

247 Commercial Ave

OFFICE BUILDING

247 Commercial Ave, Wallace, NE 69169-8091

Value Estimation by Request

1,500 sqft 0.12 AC lot

241 Commercial Ave

BAR, TAVERN

241 Commercial Ave, Wallace, NE 69169-8091

Value Estimation by Request

1,900 sqft 0.08 AC lot

126 Commercial Ave

RETAIL STORES (PERSONAL SERVICES)

126 Commercial Ave, Wallace, NE 69169-8047

Value Estimation by Request

2,100 sqft 0.32 AC lot

229 Commercial Ave

RETAIL STORES (PERSONAL SERVICES)

229 Commercial Ave, Wallace, NE 69169-8108

Value Estimation by Request

5,000 sqft 0.08 AC lot

102 Commercial Ave

WAREHOUSE, STORAGE

102 Commercial Ave, Wallace, NE 69169-8047

Value Estimation by Request

3,280 sqft 0.16 AC lot

Wallace, NE 69169

VACANT COMMERCIAL LAND

Wallace, NE 69169

Value Estimation by Request

0.11 AC lot

Wallace, NE 69169

OFFICE BUILDING

Wallace, NE 69169

Value Estimation by Request

1,200 sqft

Wallace, NE 69169

CONVENIENCE STORE

Wallace, NE 69169

Value Estimation by Request

2,400 sqft 0.41 AC lot

Wallace, NE Commercial Real Estate Market Trends and Statistics

Explore 55 commercial real estate for sale in Wallace, NE on our real estate platform. These investment opportunities span a total of 11,250 square feet of properties for sale, with an estimated market value of $570,000.

Sale prices for business properties in Wallace, NE start at $210,000, averaging $285,000, and reaching up to $360,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 465

Population Growth (5Y) -21.1%

Median Household Income $39,792

College Educated 29.6%

High-Yield Neighborhoods for Investment

Identify Wallace submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
69169	$606.7K

Taxes & Financing

Tax Rate (average for all types) 1.41%

Property Tax per SF $28.28 per SF

Tax Rate vs County Average 0.24 pp below county avg

Average Loan-to-Value 65.0%

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