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Redevelopment Shopping Center
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2151 Krenzien Dr, Norfolk, NE 68701

Shopping center positioned along two highways near major industrial, healthcare, and educational institutions.

Property SizeContact for details
Days on Market141

Property Features for 2151 Krenzien Dr

General Information

Standard status Active
Property subtype Retail

Additional Details

Highway Access Yes
Listing Agency: DP Management, LLC
Listed By: Sarah O'Connor · License #NE
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 7:30PM

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 DP Management, LLC

Investment Insights

Based on property information with market context.

This shopping center is undergoing redevelopment and occupies a visible position along HWY 275 and HWY 81. The property is across from Nucor Steel, providing a prominent setting near a major industrial employer.

Norfolk is located approximately 1.5 hours from both Omaha and Sioux Falls. Faith Regional Hospital is completing a substantial redevelopment project, while the community is also home to three high schools and Northeast Community College. These surrounding institutions and employment centers contribute to the property's broader commercial context.

Key Highlights

  • Shopping center undergoing redevelopment
  • Visible from HWY 275 and HWY 81
  • Across from Nucor Steel

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Parking Lot & Garage Carpet & Flooring Store Veterinary Clinic Grocery & Convenience Store Real Estate Agency (Bike/Boat/Book/etc) Store

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

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

431
Businesses Nearby
231k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Home Improvements & Furnishings 28% Shops & Services 19% Dining 19% Groceries 19%
Menards Home Improvements & Furnishings
44,437 visits/mo 0.5 miles
Hy-Vee Groceries
43,294 visits/mo 0.4 miles
Hobby Lobby Shops & Services
25,921 visits/mo 0.4 miles
Kohl's Apparel
23,469 visits/mo 0.4 miles
Culver's Dining
20,886 visits/mo 0.3 miles

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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • Pasewalk Plaza 1802 Omaha Ave, Norfolk, NE 68701
  • Sunset Plaza Mall 1700 Market Ln, Norfolk, NE 68701
  • Quick-Tag Walmart Supercenter, 2400 W Pasewalk Ave, Norfolk, NE 68701

Frequently Asked Questions

What type of property is this?
Shopping center - Shopping center positioned along two highways near major industrial, healthcare, and educational institutions.
Where is this shopping center located?
The property is located at 2151 Krenzien Dr Norfolk, NE.
What are key features of this property?
This property features: Shopping center undergoing redevelopment; Visible from HWY 275 and HWY 81; Across from Nucor Steel
(402) 493-2800 Call to check price and availability
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