Property summary
This exceptional $575,000 investment opportunity presents a 17,100 square foot office building located at 115 Main Street in Chadron, Nebraska, zip code 69337. The property boasts a rich history, having served as the Olde Main Street Inn, a nationally registered historic hotel established in 1890. The main building encompasses 14,560 square feet and includes nine rooms, a mix of overnight rooms and suites, all meticulously decorated with vintage furnishings. The ground floor features a restaurant and saloon, each with a 100-person capacity, and a classic bar. A substantial manager's residence, totaling 600 square feet, is also included, featuring a large great room, two living rooms, three bedrooms, two and a half bathrooms, a kitchen, laundry facilities, an office, and storage rooms. This space offers versatile potential as a rental unit. The property further includes a charming garden and a separate smaller building, suitable for conversion into a cottage or retail space. The property's location in Chadron offers proximity to Chadron State College, Chadron State Park, Fort Robinson State Park, and is within two hours of the Black Hills and Rapid City, South Dakota. Personal property is available for separate negotiation. This presents a unique opportunity to acquire a piece of Nebraska history with significant potential for future development and income generation.
Property profile
VerifiedCap rate & NOI
Current use
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Hotel & Motel
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Bar & Pub
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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 · Chadron, 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 Chadron, NE.
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