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    102 Locust St Hickman, NE 68372

    Sponsored
    For Sale
    $1,250,000

    Modern Retail Space, 4 Apartments

    Property size:
    3,906 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This impressive mixed-use property in Hickman, Nebraska, presents a unique investment opportunity. The building boasts approximately 3,906 square feet of ground-level commercial space, currently finished with concrete floors, insulation, and sprinklers. Its versatile design allows for various uses, including restaurant/bar, retail, or office space. Large floor-to-ceiling windows provide ample natural light. The upper level comprises four fully occupied, two-bedroom, one-bathroom apartments, each roughly 925 square feet. Current rent is $1,025 per month per apartment, with planned increases to $1,250 per month upon lease renewal. The property is zoned C-1 and was built in 2018. Its prime location offers proximity to other retail establishments, restaurants, and the Hickman Community Center. The asking price is $1,250,000, translating to approximately $320.02 per square foot. This property offers a blend of commercial and residential income streams in a thriving Nebraska community. The address is 102 Locust Street, Hickman, NE 68372.

    Property Features for 102 Locust St

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,906 SF
    Class
    A

    Building Details

    Year Built
    2018

    HighLights

    • $1,250,000 asking price for a 3,906 square foot Class A retail storefront.
    • Located at 102 Locust St, Hickman, NE 68372, in a C‑1 zoned area.
    • Built in 2018, offering 3,906 square feet at $320.02 per square foot.
    • Features four 2‑bed/1‑bath apartments (925 SF each), currently 100% occupied, with rents increasing to $1,250/month.
    • Ground floor commercial space (3,906 SF) is finished with concrete floors, insulation, and sprinklers, suitable for various uses including restaurant, retail, or office.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hickman
    County
    Lancaster
    State
    Nebraska
    Longitude
    -96.632086706172
    Latitude
    40.618923749964

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    FAQs

    What type of property is this?
    Individual retail property - Modern Retail Space, 4 Apartments
    Where is this individual retail property located?
    The property is located at 102 Locust St Hickman, NE.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: $1,250,000 asking price for a 3,906 square foot Class A retail storefront.; Located at 102 Locust St, Hickman, NE 68372, in a C-1 zoned area.; Built in 2018, offering 3,906 square feet at $320.02 per square foot.
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    Hickman, NE 68372
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    102 Locust St Hickman, NE 68372
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