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    101 24Th St Kearney, NE 68847-5358

    For Sale
    $849,900

    7,552 SF Medical Office, Value-Add Potential

    Property size:
    7,552 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This unique Kearney, Nebraska property offers a compelling investment opportunity. The main building, a 7,552 square foot, two-level medical office facility, boasts ADA accessibility, exam rooms, offices, ample administrative space, and multiple restrooms. Built circa 1903, this former church features a full brick exterior and is situated on a corner lot with 17 parking spaces and paved alley access. The property also includes a separate residential building, circa 1925, totaling 5,480 square feet, currently housing two income-generating apartments (a 2-bedroom/1-bath unit renting for $500/month and a 4-bedroom/3-bath unit renting for $1300/month, with owner-paid utilities). An additional 1,250 square foot garage provides laundry and common area for the residential units. The property is zoned CBD (Central Business District), located in Area #4 of the CRA, and is eligible for T.I.F. financing with approved projects. The asking price is $849,900. The property's strong maintenance history and versatile zoning offer significant conversion and value-add potential. Showings are available after business hours or on weekends with 24-hour notice. All square footage is approximate; prospective buyers should verify independently. The property includes two free-standing improvements on a 17,025 square foot lot. The current occupancy is 100%.

    Property Features for 101 24Th St

    General Information

    Property type
    Medical offices
    Square Feet
    7,552 SF
    Class
    B

    HighLights

    • $849,900 asking price for a 7,552 SF medical office building on a 17,025 SF lot.
    • Located at 101 W 24th Street, Kearney, NE 68847, in the Central Business District (CBD).
    • 100% occupancy with a single tenant.
    • Features two buildings: a 7,552 SF medical office and a 5,480 SF residential building with two apartments (generating $1800/month in rental income).
    • Property includes 17 parking spaces and paved alley access.
    • Zoned CBD, eligible for TIF financing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Keri H. ... Obstetrician-Gynecologist Johnson Beth Doctor Dr. Amie J. ... Obstetrician-Gynecologist Dr. David H. ... Obstetrician-Gynecologist Contemporary Obstetrics & Gynecology, ... Medical Clinic

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Kearney
    County
    Buffalo
    State
    Nebraska
    Longitude
    -99.083507422682
    Latitude
    40.699382035485

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    FAQs

    What type of property is this?
    Medical office - 7,552 SF Medical Office, Value-Add Potential
    Where is this medical office located?
    The property is located at 101 24Th St Kearney, NE.
    What is the asking price?
    The asking price for this property is $849,900.
    What are key features of this property?
    This property features: $849,900 asking price for a 7,552 SF medical office building on a 17,025 SF lot.; Located at 101 W 24th Street, Kearney, NE 68847, in the Central Business District (CBD).; 100% occupancy with a single tenant.
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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
    101 24Th St Kearney, NE 68847-5358
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