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Mixed-Use Property with Office Space
For Sale
$1,995,000

109 N 15th St, Norfolk, NE 68701

Existing office improvements with parking areas governed by OD and R3 zoning designations.

Property SizeContact for details
Days on Market702

Property Features for 109 N 15th St

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $30,957
Listing Agency: Real Estate Solutions Team
Listed By: Russell Wilcox
Source: Exprealty
Added: Oct 21, 2024 Changed: Sep 18 Last Checked: Sep 21 at 8:40AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Estate Solutions Team

Investment Insights

Based on property information with market context.

Located at 109 N 15th St in Norfolk, NE, this mixed-use property includes existing office space and associated parking. The building and a portion of the parking area are zoned OD, while additional parking carries an R3 multi-family residential designation.

The property supports consideration of continued office use, redevelopment, or a combination of commercial and residential components, subject to applicable approvals. A portion of the parking area may also be subdivided and sold separately, as described in the property information.

Key Highlights

  • Existing office space at 109 N 15th St, Norfolk, NE
  • Building and a portion of the parking area zoned OD
  • Additional parking area zoned R3 for multi‑family residential use

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Law Firm HVAC Service Gym & Fitness Center Grocery & Convenience Store (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

520
Businesses Nearby

Demographics for 68701, NE

31,257
Population
13,806
Households
2.3
Avg Household Size
37
Median Age
24%
College-Educated
93%
High-School Grad
188.5 sq mi
ZIP Area
166
Density / Sq Mi
$64,862
Median Household Income
$40,713
Median Earnings
$855
Median Rent
$200,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Existing office improvements with parking areas governed by OD and R3 zoning designations.
Where is this mixed-use property located?
The property is located at 109 N 15th St Norfolk, NE.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Existing office space at 109 N 15th St, Norfolk, NE; Building and a portion of the parking area zoned OD; Additional parking area zoned R3 for multi‑family residential use
More about this property
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