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Mixed-Use Building with Apartments
For Sale
$860,000

215 W Norfolk Ave, Norfolk, NE 68701

Partially finished commercial floor with two new furnished apartments and separate access.

Property Size1,560 SF
Price / SF$551.28
Days on Market566

Property Features for 215 W Norfolk Ave

General Information

Standard status Active
Size 1,560 SF

Taxes and HOA fees

Annual Taxes $1,744
Listing Agency: Great Places Realty
Listed By: Michael Proffitt
Source: Exprealty
Added: Feb 11, 2025 Changed: Aug 31 Last Checked: Aug 31 at 2:29AM

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 Great Places Realty

Investment Insights

Based on property information with market context.

This mixed-use building combines a partially finished main floor with two newly completed upstairs apartments. The commercial level is configured for a bar or restaurant, office, or retail use, with ADA-compliant restrooms roughed in and a rear overhead door opening to the alley. Front windows and an entrance door are on order, and the space can accommodate outdoor seating or a beer garden.

The upper level contains a furnished one-bedroom, one-bath apartment and a furnished two-bedroom, one-bath apartment. Both units have separate entrances and are ready for occupancy. The property is located in downtown Norfolk, next to Wells Fargo and across from the District.

Key Highlights

  • Two furnished upstairs apartments with separate entrances
  • One‑bedroom, one‑bath apartment plus two‑bedroom, one‑bath apartment
  • Main floor suited for bar or restaurant, office, or retail use

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Big Box & Wholesale Store Gym & Fitness Center Parking Lot & Garage

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

796
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

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 - Partially finished commercial floor with two new furnished apartments and separate access.
Where is this mixed-use property located?
The property is located at 215 W Norfolk Ave Norfolk, NE.
What is the asking price?
The asking price for this property is $860,000.
What are key features of this property?
This property features: Two furnished upstairs apartments with separate entrances; One‑bedroom, one‑bath apartment plus two‑bedroom, one‑bath apartment; Main floor suited for bar or restaurant, office, or retail use
More about this property
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