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    Hayes Center, NE North Platte, NE Sutherland, NE
    Hotel and Diner Event Space
    Updated: May 29
    Hotel and Diner Event Space

    218 Commercial Ave, Wallace, NE 69169

    Contact for pricing
    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 a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 1 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

    Opportunities in Nearby Cities

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

    Historic Hotel with Restaurant and Bar
    Historic Hotel with Restaurant and Bar

    102 S MAIN AVE, Hyannis, NE 69350

    Contact for pricing
    9,720 sqft

    Historic Hyannis hotel offering 9 guest rooms, an attached apartment, and an on-site restaurant, bar, and beer garden.

    View details
    Historic Hotel with Restaurant
    Historic Hotel with Restaurant

    102 S MAIN AVE, HYANNIS, NE 693509700, Hyannis, NE 69350

    $180,000
    0.08 AC lot

    Hospitality property combining guest lodging, a restaurant, bar, and an outdoor beer garden.

    View details
    Americas Best Value Inn Hotel
    Americas Best Value Inn Hotel

    602 E 4th St, North Platte, NE 69101

    Contact for pricing

    The lodging property is identified at 602 E 4th St in North Platte, Nebraska.

    View details
    47-Room Hotel
    47-Room Hotel

    3102 S Jeffers St, North Platte, NE 69101

    Contact for pricing

    Hotel property near I-80 in North Platte, Nebraska.

    View details

    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.

    409 Commercial Ave
    HOTEL

    409 Commercial Ave, Wallace, NE 69169-8106

    $155,000
    Estimated value
    2,000 sqft 0.52 AC lot
    View details
    218 Commercial Ave
    HOTEL

    218 Commercial Ave, Wallace, NE 69169-8091

    $260,000
    Estimated value
    7,100 sqft 0.16 AC lot
    View details
    Wallace, NE 69169
    HOTEL

    Wallace, NE 69169

    $150,000
    Estimated value
    2,064 sqft 2.14 AC lot
    View details

    Wallace, NE Hotels Market Trends and Statistics

    Explore 4 hotels 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.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Hotels 1
    Motels 1

    Demographics Overview

    Population 465
    Population Growth (5Y) -21.1%
    Median Household Income $39,792
    College Educated 29.6%

    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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