Mixed-Use Restaurant
New
For Sale
$1,800,000
505 N Dewey, North Platte, NE 69101
Commercial Sale, North Platte, NE
Property Size5,880 SF
Price / SF$306.12
Days on Market3
Property Features for 505 N Dewey
General Information
Property type
Commercial Sale
Property subtype
Other
High school district
000000
Standard status
Active
Size
5,880 SF
Tenancy & Operations
Currently Operating
Yes
Business Included
Yes
Building Details
Year built
1925
Buildings
1
Listing Agency:
Lashley Land and Recreational Brokers
Listed By:
Tami Timmerman-Lashley
(308) 532-9300
Added: Oct 23
Last Checked: Oct 25 at 11:06AM
MLS# 12040207
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.
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Investment Insights
Based on property information with market context.
The Cedar Room combines a restaurant and lounge with residential apartments above. The 5,880-square-foot property was built in 1925 and features hardwood flooring, copper ceilings, cedar details, and rustic interior finishes. Inventory and equipment are included in the sale.
Located in downtown North Platte, the property brings its dining, lounge, and residential components together at 505 N Dewey St. in Lincoln County.
Located in downtown North Platte, the property brings its dining, lounge, and residential components together at 505 N Dewey St. in Lincoln County.
Key Highlights
- 5,880‑square‑foot mixed‑use property
- Restaurant and lounge with inventory and equipment included
- Residential apartments occupy the upper floor
Property Analytics
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Current Use
Lease Details
6
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
922
Businesses Nearby
Explore this area
Business Placement
Demographics for 69101, NE
28,589
Population
13,662
Households
2.1
Avg Household Size
41
Median Age
20%
College-Educated
93%
High-School Grad
586.3 sq mi
ZIP Area
49
Density / Sq Mi
$61,833
Median Household Income
$37,358
Median Earnings
$878
Median Rent
$183,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The restaurant and lounge sale includes existing inventory and equipment, with residential apartments on the upper floor.
Where is this mixed-use property located?
The property is located at 505 N Dewey North Platte, NE.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 5,880‑square‑foot mixed‑use property; Restaurant and lounge with inventory and equipment included; Residential apartments occupy the upper floor
