Search
Two-Building Office Property
New
For Sale
$50,000

404 & 406 L Street, Neligh, NE 68756

Commercial Sale, Neligh, NE

Property Size1,984 SF
Lot Size0.05 Acres
Price / SF$25.20
Days on Market6

Property Features for 404 & 406 L Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Commercial
Bathrooms 2
Half bathrooms 2
Rooms Bathroom 1, Bathroom 2
High school district NELIGH-OAKDALE SCHOOLS
Standard status Active
APN 000003801
Size 1,984 SF
Lot size 0.05 Acres

Taxes and HOA fees

Tax Annual Amount 449

Utilities

Heating system Forced Air, Natural Gas
Water source Public

Building Details

Year built 1941
Floors in Building 1
Flooring type Vinyl, Carpet
Building materials Brick
Roof type Flat
Listing Agency: White Realty & Appraisal
Listed By: Keith White
Added: Oct 9 Changed: Oct 14 Last Checked: Oct 14 at 3:06PM
MLS# 12025461

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Two brick office buildings share a common wall and contain a combined 1,984 square feet. The first offers 999 square feet, with two leased private offices, reception, storage, and a two-fixture restroom. The second has 985 square feet, four leased private offices, reception, combined storage and laundry, and a two-fixture restroom. Both include a furnace, central air conditioning, and water heater; electric, gas, and water are separately metered from the neighboring building. Roofs were replaced in 2025 with 10-year warranties, and each building received a new window and exterior door in 2019. New carpeting was installed in the first building in 2025.

The property is on Highway 275 in Neligh. A custom mural by Boggs appears on the north exterior wall.

Key Highlights

  • Two connected office buildings total 1,984 square feet: 999 square feet and 985 square feet
  • Six private offices are currently leased: two in one building and four in the other
  • Both buildings have reception areas, two‑fixture restrooms, and separate electric, gas, and water meters

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence
Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Dental Office Real Estate Agency Electrical Service Law Firm Auto Repair Shop Furniture & Home Goods

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
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

287
Businesses Nearby

Demographics for 68756, NE

1,974
Population
959
Households
2.1
Avg Household Size
45
Median Age
22%
College-Educated
92%
High-School Grad
121.6 sq mi
ZIP Area
16
Density / Sq Mi
$61,326
Median Household Income
$41,989
Median Earnings
$831
Median Rent
$150,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Office building - Six private offices are leased, with reception areas and dedicated storage in both buildings.
Where is this office building located?
The property is located at 404 & 406 L Street Neligh, NE.
What is the asking price?
The asking price for this property is $50,000.
What are key features of this property?
This property features: Two connected office buildings total 1,984 square feet: 999 square feet and 985 square feet; Six private offices are currently leased: two in one building and four in the other; Both buildings have reception areas, two‑fixture restrooms, and separate electric, gas, and water meters
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved
Reason not saved — we won't ask again