Building Details

Stories 2

Units 11

Tenancy Multi

Listing Agency: Coldwell Banker Preferred Group, P.C.

Listed By: Nancy Faulhaber · License #NE0873487

Source: Crexi

Added: May 29 Changed: Oct 19 Last Checked: Oct 20 at 8:47PM

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Investment Insights

Based on property information with market context.

The Wallace Hotel is a hospitality property offering daily and monthly stays, with amenities that include Dish Network and Wi-Fi. The property includes 10 hotel rooms and suites, plus an owner/manager unit with 3 bedrooms and 4 bathrooms. The manager unit also features an office, living room, dining room, kitchen, and a basement with workshop and storage space. An on-site public laundromat with multiple washers and dryers is available for guests. A 1950’s style diner on the premises is used for renting out for events up to 40 people.

Located at 218 Commercial Ave in Wallace, Nebraska, the property is about 20 miles south of I-80 near the Sutherland, NE exit (#158). The site includes a landscaped backyard with a patio and carport.

This configuration can fit operators seeking a small lodging business with an integrated common amenity mix, including furnished rooms and a public laundromat. The presence of an on-site diner that supports event rentals, along with the additional manager unit, may also appeal to buyers planning either a hands-on operation or a blended use of guest lodging, hosted events, and on-site services.

Key Highlights

• Wallace Hotel in Wallace, NE offers daily and monthly rates and includes 10 hotel rooms/suites plus an owner/manager unit
• On‑site public laundromat with multiple washers and dryers provides additional income
• 1950s‑style diner available for event rentals for groups up to 40 people

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Wallace Hotel Hotel & Motel LAUNDROMAT (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Electrical Service Auto Repair Shop Auto Parts Store Storage Facility (Bike/Boat/Book/etc) Store Butcher

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

Turnkey business

Opportunity

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

53

Businesses Nearby

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

Frequently Asked Questions

What type of property is this?

Hotel - A 10-room lodging property with an on-site diner and event rentals, plus a manager unit and guest laundromat.

Where is this hotel located?

The property is located at 218 COMMERCIAL AVE Wallace, NE.

What is the asking price?

The asking price for this property is $210,000.

What are key features of this property?

This property features: Wallace Hotel in Wallace, NE offers daily and monthly rates and includes 10 hotel rooms/suites plus an owner/manager unit; On‑site public laundromat with multiple washers and dryers provides additional income; 1950s‑style diner available for event rentals for groups up to 40 people