Listing Agency: Lashley Land and Recreational Brokers Show Phone

Listed By: Shane Mauch Show Phone

Added: Oct 31, 2025 Changed: Aug 19 Last Checked: Aug 24 at 2:06AM

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MLS# 11599646

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Investment Insights

Based on property information with market context.

This for-sale package includes three properties that are being offered together: a residential home, a trailer home on a double lot, and a motel. The 415 N Commercial Ave residence is a 1,528 sq. ft. home with 3 bedrooms and 2 bathrooms, two spacious living areas, a large 2-car garage with workshop area, and a covered patio. The 218 N Garrison Ave trailer home sits on a double lot and offers 2 bedrooms and 1 bathroom, with a detached 2-car garage and a new AC unit. The 409 N Commercial Ave motel is a 5-room setup located next to the main house and includes an office, with multiple units outlined in the current rental schedule.

The motel is positioned conveniently alongside the residence, and the trailer home is situated on its own double lot within the Wallace area. The seller prefers to sell all three properties together, creating a combined configuration of residential living and lodging space.

For an owner-operator or investor, the mix provides multiple income streams across the residential home, the trailer home, and the motel units listed with monthly rents by room. With separate structures and a hospitality component on the motel side, the property may fit buyers seeking a hands-on approach while maintaining straightforward day-to-day separation of the residential and lodging uses.

Key Highlights

• 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.

Property Analytics

Property Profile

Current Use

Motels

Lease Details

Multi-tenant

Tenancy

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

52

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 69169, NE

590

Population

286

Households

2.1

Avg Household Size

42

Median Age

25%

College-Educated

93%

High-School Grad

210.3 sq mi

ZIP Area

3

Density / Sq Mi

$39,792

Median Household Income

$29,615

Median Earnings

$532

Median Rent

$111,100

Median Home Value

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Similar Off Market Nearby

• Wallace Hotel — 218 Commercial Ave, Wallace, NE 69169

Frequently Asked Questions

What type of property is this?

Motel - For sale package includes a motel and two residential units in Wallace, Nebraska.

Where is this motel located?

The property is located at Wallace Trifecta-House Trailer Home Mo Wallace, NE.

What is the asking price?

The asking price for this property is $360,000.

What are key features of this property?

This property features: 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.