Hotel and Diner Event
218 COMMERCIAL AVE Wallace, NE 69169
For Sale
Contact for pricing
A 10-room lodging property with an on-site diner and event rentals, plus a manager unit and guest laundromat.
Property Size11,250 SF
Price / SF$18.67
Days on Market56
Property Features for 218 COMMERCIAL AVE
General Information
- Standard status
- Active
- Size
- 11,250 SF
- Property subtype
- Hospitality, Mixed Use, Multifamily
Listing Agency:
Coldwell Banker Preferred Group, P.C.
Listed By:
Nancy Faulhaber · License #NE0873487
Source:
Crexi
Added: May 29
Changed: Jul 10
Last Checked: Jul 23 at 9:24AM
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 Coldwell Banker Preferred Group, P.C.
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.
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
Property Profile
Location Intelligence
Current Use by Public Records
Wallace Hotel
Hotel & Motel
LAUNDROMAT
(Bike/Boat/Book/etc) Store
FAQs
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
