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    OFF-MARKET
    Commercial real estate

    115 Main St, Chadron, NE 69337-2353

    11,552 SF 0.28 ac lot Built 1890
    Individually Owned 6-yr Hold Free & Clear
    Property ID
    US57-0609316
    Property summary
    AI-generated overview

    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
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1890
    Total area 11,552 SF
    Lot 0.28 ac (12,100 SF)
    Zoning code 03-COMMERCIAL
    APN 230004594
    UPID US57-0609316
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Olde Main Street Inn Hotel & Motel
    • 77 Longbranch Saloon Bar & Pub
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Jeanne L Goetzinger · 6 yrs held
    Jeanne L Goetzinger
    since 2019
    2 recorded transactions
    2019
    2019
    Zoning & alternative use
    03-COMMERCIAL · Chadron, NE
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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