635 Main StFremont, NE 68025

Property Details for 635 Main St

Year built

1927

Lot size

0.14 AC

Property size (Sq ft)

16,272 SF

Zone code

COMMERCIAL

Property type

Office properties

Property subtype

Office buildings

APN

270002233

APU

270002233

Description

This exceptional four-story, 21,696-square-foot commercial building, located at 635 N Main Street in Fremont, Nebraska, presents a unique investment opportunity. Built in 1927 and extensively renovated in 2023, this Class C property boasts a prime downtown location within Dodge County's thriving business district. The building features a blend of traditional and creative office spaces, currently configured as multiple tenancies. One available space totals 5,000 square feet. The building sits on a 0.14-acre lot and includes an elevator. Its zoning designation is Downtown Commercial. The property's central location offers easy access to numerous restaurants, offices, and other amenities. Fremont's vibrant downtown hosts various community events throughout the year, including the Christmas Walk, Halloween Hysteria, and the Hispanic Festival. A 3,600 square foot space, previously used as a worship center, is currently available and features an open floor plan and a serving kitchen. This versatile property is ideal for a variety of businesses seeking a prominent presence in a dynamic and historic setting.

• CAP approach

  CAP return

  Valuation

  6%

  $3,236,772

  6.5%

  $2,987,789

  7%

  $2,774,376

• Comparable approach

  Method

  Valuation

  Relative Method

  $830,523

  Geo Method

  $830,523

• Alternative Use

  Use

  Valuation

  Residential

  $3,704,858

  Hospitality

  $3,393,630

  Educational

  $2,823,460

  Medical

  $2,920,564

  Retail

  $4,392,050

Location Insight

City

Fremont

County

Dodge

State

Nebraska

Latitude

41.4353

Longitude

-96.4963

CBSA code

23340

CBSA name

FREMONT, NE MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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