Property summary
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 profile
VerifiedCap rate & NOI
Current use
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Physician
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Physician
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Physician
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Physician
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Medical Clinic
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
03-COMMERCIAL · Kearney, NEZoning
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Zoning designation
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The district profile from the municipal source: what is on file for 03-COMMERCIAL in Kearney, NE.
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