Historic Mixed-Use Retail
For Sale
$425,000
2118 Central Ave, Kearney, NE 68847
Income-producing historic building with leased ground-floor retail, office-ready second story, and basement storage plus updated systems.
Property Size7,944 SF
Price / SF$53.50
Days on Market70
Property Features for 2118 Central Ave
General Information
Standard status
Active
Size
7,944 SF
Taxes and HOA fees
Annual Taxes
$2,743
Amenities
original tin ceilings
rooftop access
rear alley access
private Central Avenue entrance
Building Details
Stories
2
Tenancy
Multi
Listing Agency:
Kearney Realty, L.L.C.
Listed By:
Ryan Bruna · License #20170581
(308) 627-1505
Source:
Exprealty
Added: Jun 29
Changed: Sep 2
Last Checked: Sep 5 at 1:43PM
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 Kearney Realty, L.L.C.
Investment Insights
Based on property information with market context.
This historic commercial building offers income-producing leased retail on the main floor, with additional space above and in the basement. The property includes approximately 2,944 SF of leased retail space, approximately 2,000 SF of unfinished second-story space, and approximately 3,000 SF of basement storage. The second story also features a finished office space with its own private Central Ave entrance that is leased month-to-month.
The main level is occupied by a long-term tenant with annual rent increases and tenant-paid utilities, and it retains original tin ceilings. The building also provides rooftop access and rear alley access, along with original architectural details.
Recent improvements include updated second-story electrical service with new panels, removal of knob and tube wiring, refinished hardwood floors, drywall, and plumbing updates with PVC replacement. Additional upgrades include an insulated attic crawl space and one newer HVAC unit. Buyer to verify square footage to their own satisfaction.
The main level is occupied by a long-term tenant with annual rent increases and tenant-paid utilities, and it retains original tin ceilings. The building also provides rooftop access and rear alley access, along with original architectural details.
Recent improvements include updated second-story electrical service with new panels, removal of knob and tube wiring, refinished hardwood floors, drywall, and plumbing updates with PVC replacement. Additional upgrades include an insulated attic crawl space and one newer HVAC unit. Buyer to verify square footage to their own satisfaction.
Key Highlights
- Approximately 2,944 SF of leased retail space on the main floor with long‑term tenant and annual rent increases
- Includes 2,000 SF unfinished second‑story space plus a finished office leased month‑to‑month on Central Ave
- About 3,000 SF basement storage with rooftop access and rear alley access
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,101
Businesses Nearby
Explore this area
Business Placement
Demographics for 68847, NE
18,458
Population
7,751
Households
2.4
Avg Household Size
37
Median Age
35%
College-Educated
94%
High-School Grad
109.6 sq mi
ZIP Area
168
Density / Sq Mi
$74,877
Median Household Income
$41,263
Median Earnings
$951
Median Rent
$229,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Income-producing historic building with leased ground-floor retail, office-ready second story, and basement storage plus updated systems.
Where is this retail space located?
The property is located at 2118 Central Ave Kearney, NE.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Approximately 2,944 SF of leased retail space on the main floor with long‑term tenant and annual rent increases; Includes 2,000 SF unfinished second‑story space plus a finished office leased month‑to‑month on Central Ave; About 3,000 SF basement storage with rooftop access and rear alley access
