Wallace, NE Hospitality properties for sale

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.

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Updated: May 29

Hotel and Diner Event Space

218 Commercial Ave, Wallace, NE 69169

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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

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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 13 Potential Opportunities for your consideration. Besides 2 Active listings in Wallace, NE, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

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

Historic Inn Ready for Operation

100 Main Ave, Sedgwick, CO 80749

$698,000

15,000 sqft 0.23 AC lot

Antique inn with 14 guest rooms, retail space, and apartments.

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Historic Antique Inn with Apartments

100 Main Ave, Sedgwick, CO 80749

$698,000

0.22 AC lot

Historic two-story inn features 14 guest rooms and two full apartments, plus commercial kitchen and dining space.

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Super 8 Ogallala Investment Opportunity

500 East A South Street, Ogallala, NE 69153

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36,562 sqft

Branded hospitality property near I-80 and Lake McConaughy.

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Hospitality Property with High CAP

108 Prospector Dr, Ogallala, NE 69153

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Hospitality property featuring 39 keys and a 17.14% CAP.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Waterfront Tourist Services Land

Niehaus Sub lot: 16, Lewellen, NE 69147

$119,000

2.40 AC lot

Deeded lakefront land zoned for tourist services, offering flexibility for permitted commercial projects or a lake home build.

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Lakefront Tourist Services Land Parcel

Niehaus Sub lot: 16, Lewellen, NE 69147

$119,000

2.40 AC lot

Deeded lakefront land on Lake McConaughy with Tourist Services zoning and convenient highway access for commercial or residential uses.

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Grand Island Commercial Opportunity

James Rd, Grand Island, NE 68803

$688,722

1.61 AC lot

Prime commercial land in a high-growth Grand Island location.

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Mixed-Use Development Land Parcel

6810 YELLOWSTONE RD, Cheyenne, WY 82001

$3,200,000

5.00 AC lot

Five-acre commercial parcel with direct access off Yellowstone Road and Mixed Use zoning for flexible development.

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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.

HOTEL

409 Commercial Ave, Wallace, NE 69169-8106

Value Estimation by Request

2,000 sqft 0.52 AC lot

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HOTEL

218 Commercial Ave, Wallace, NE 69169-8091

Value Estimation by Request

7,100 sqft 0.16 AC lot

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HOTEL

Wallace, NE 69169

Value Estimation by Request

2,064 sqft 2.14 AC lot

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