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Union College Area Office Space
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3705 S 48th St, Lincoln, NE 68506

Office space for rent in Union College neighborhood.

Space Size2,345 SF
Property Size6,484 SF
Days on Market156

Property Features for 3705 S 48th St

General Information

Standard status Active
Size 2,345 SF
Class C
Property subtype Office
Lease Type NNN

Building Details

Building Size 6,484 SF
Year Built 1937
Tenancy Multiple

Spaces For Lease

at 3705 S 48th St Contact us

1st Floor

Size
2,345 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Ted Eschliman
Listed By: Robin Eschliman · License #NE 20190049
Source: Crexi
Added: Mar 9 Changed: Aug 8 Last Checked: Aug 8 at 3:14PM

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 Ted Eschliman

Investment Insights

Based on property information with market context.

Located in the Union College neighborhood off South 48th Street, this property offers office space for rent. The available space totals 4690 square feet across two floors, offered at a blended rate of $11.00 per square foot NNN, which equates to a base rent of $4299 per month. The main floor comprises 2345 square feet and is available for $13.00 per square foot NNN, or $2540 per month base rent. The upper floor also offers 2345 square feet at $9.00 per square foot NNN, translating to a base rent of $1759 per month. In addition, there is a 2345 square foot lower level with a kitchenette. NNN expenses are estimated at $5.76 per square foot, plus utilities. The property is situated near a local retail business district.

Key Highlights

  • 4690 sf total space with flexible floor configurations.
  • Located in the desirable Union College neighborhood.
  • Main floor space available: 2345 sf at $13/sf NNN ($2540/mo base).

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Kitchen & Bath Showroom Big Box & Wholesale Store Garden Center

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

487
Businesses Nearby

Demographics for 68506, NE

28,203
Population
13,044
Households
2.2
Avg Household Size
40
Median Age
45%
College-Educated
96%
High-School Grad
7.0 sq mi
ZIP Area
4,029
Density / Sq Mi
$70,501
Median Household Income
$41,755
Median Earnings
$1,147
Median Rent
$245,200
Median Home Value

Market

Lease Benchmarks for Lincoln, NE

$17.77 /SF/Yr
Avg Asking Price
$6.75–$42.32 /SF/Yr
Price Range
7,553 SF
Avg Space Size

This space is priced 38% below the average of $17.77 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Office space for rent in Union College neighborhood.
Where is this office units located?
The property is located at 3705 S 48th St Lincoln, NE.
What is the lease rate?
The lease rate is $11 SF/Yr.
What are key features of this property?
This property features: 4690 sf total space with flexible floor configurations.; Located in the desirable Union College neighborhood.; Main floor space available: **2345 sf at $13/sf NNN ($2540/mo base).**
(402) 432-6404 Call to check price and availability
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