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    Hotel and Diner Event Space Title is generated by Realmo AI

    218 Commercial Ave, Wallace, NE 69169

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

    Type:Hospitality, Special Purpose
    Property size:
    11,250 SF
    Price / SF:
    $18/SF
    Added:
    May 29, 2026
    Days on Market:
    10
    Last Refresh:
    Jun 6 at 2:02 am

    Property Features for 218 Commercial Ave

    General Information

    Standard status
    Active
    Size
    11,250 SF
    Property subtype
    Hospitality, Special Purpose

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    Listing Contact
    Nancy Faulhaber

    Listing agent Nancy Faulhaber License #NE0873487

    Listing office Coldwell Banker Preferred Group, P.C.

    Listing date May 29, 2026

    Source Crexi

    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.

    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
    • Owner/manager unit is 3 bed, 4 bath and includes an office, living room, dining room, kitchen, and basement with workshop and storage
    • Lodging mix includes 3 rooms with full‑size bed and bath; rooms with queen bed and kitchenette; and multiple 2‑bedroom suites with kitchens, living rooms, and baths

    Overview

    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.
    Location Intelligence

    Current Use by Public Records

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

    Suggested Use

    Restaurant Law Firm Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Gym & Fitness Center Food Market Storage Facility Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wallace
    County
    Lincoln
    State
    Nebraska
    Longitude
    -101.165528
    Latitude
    40.837614

    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
    More about this property
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