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Property profile & analytics
FOR LEASE
Medical Office Space

2230 N Webb Rd Grand Island, NE 68803

68,900 SF 1.72 ac lot Built 1970
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US57-0528491
Property summary
AI-generated overview

Northwest Commons, a revitalized shopping center in Grand Island, Nebraska, offers exceptional retail and office space opportunities. This thriving complex, formerly the Grand Island Mall, boasts a prime location on Highway 281, providing high visibility and convenient access for customers. Anchored by prominent national retailers such as Dick's Sporting Goods and Burlington, Northwest Commons benefits from strong existing tenancy and significant foot traffic. The property encompasses a total of 130,960 square feet, distributed across 14 suites. Currently, 20,353 square feet of space is available for lease, with individual suites ranging from a minimum of 3,007 square feet to a maximum contiguous space of 17,346 square feet. The minimum divisible space is 17,346 square feet, offering flexibility for various business needs. The property sits on approximately 0.82 to 1 acre of land and features ample parking for customer convenience. For businesses seeking high visibility and strong market presence, pylon signage opportunities are available. Northwest Commons presents a unique chance to establish or expand a business within a dynamic and successful retail environment in a growing Nebraska market. The property is ideal for a variety of retail uses, including restaurants, soft goods, and general merchandise.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1970
Total area 68,900 SF
Lot 1.72 ac (75,055 SF)
Zoning code 03-COMMERCIAL
APN 400137741
UPID US57-0528491
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
  • Burlington Clothing & Fashion Store
  • Spectrum Store Telecommunications Service Data Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.01M
Owner & transaction history
Grand Island Jv LLC · 7 yrs held
Grand Island Jv LLC
since 2019
2 recorded transactions
2019
Price N/A
2018
Price N/A
Zoning & alternative use
03-COMMERCIAL · Grand Island, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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