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Property profile & analytics
OFF-MARKET Estimated value $15,445,000
Commercial land

3404 13th St Grand Island, NE 68803-2389

12.26 ac lot
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US57-0336330
Property summary
AI-generated overview

This exceptional opportunity presents 1-3 acre commercial land parcels within the thriving Conestoga Marketplace, a 50-acre mixed-use development in Grand Island, Nebraska. Located at 3404 W 13th St, this fee-simple land is zoned for mixed-use development, ideal for retail, restaurant, or other commercial ventures. The development boasts a significant retail presence, anchored by a new 150,000 square foot Target store and a 140,000 square foot national retail power center. Further enhancing the area's appeal are a state-of-the-art 40,000 square foot theater and family entertainment center, a 150-room IHG branded hotel, and a 275-unit luxury apartment complex. This prime location in Hall County benefits from high traffic volume, exceeding 40,000 vehicles daily, and serves as Central Nebraska's primary retail trade area. Existing strong retail tenants include, but are not limited to, Petsmart, Best Buy, Maurices, American Eagle, Bath & Body Works, Buckle, Tradehome, and Glik's. This presents a unique chance to establish a business within a vibrant and rapidly growing community. The property's strategic location and the surrounding development's success create a compelling investment opportunity. The site offers excellent visibility and accessibility, ensuring maximum exposure for any commercial enterprise.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 12.26 ac (533,913 SF)
Zoning code 03-COMMERCIAL
APN 400037106
UPID US57-0336330
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
  • Geek Squad Tech Support Center (Bike/Boat/Book/etc) Store
  • Glam Hair Salon Nail Salon
  • Wells Fargo Bank Bank Loan Service
  • N TV Network Grand Island News Television Studio Media Distribution
  • KFXL Fox Nebraska Television Studio Media Distribution
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$9.29M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$15.45M
Owner & transaction history
Target Corporation · 3 yrs held
Target Corporation
since 2023
Last sale
$15.4M
1 recorded transaction
2023
$3.9M
Zoning & alternative use
03-COMMERCIAL · Grand Island, NE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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