625 Madison St, Bennet, NE 68317-2378
This exceptional 6,192 square foot storefront property at 625 Madison Street in Bennet, Nebraska, presents a unique investment opportunity. The building, known as the Peter Olson building, boasts a prime location within an F-1 business district. Currently, the first floor is fully leased to a hair salon and a clothing boutique, generating consistent income. The building's roof is approximately eight years old. The significant upper level is currently unfinished, offering substantial potential for conversion into residential apartments or office space, significantly increasing the property's value and rental income. A separate entrance on the west side of the building leads to the lower level, ideal for trades businesses. The asking price is $359,000, translating to $57.98 per square foot. The property features three-phase power. Detailed financial information, including lease terms and income and expense statements, is available upon request and the signing of a non-disclosure agreement. This is a rare chance to acquire a well-maintained, historic building with considerable upside in a thriving Nebraska community.
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Love, M Boutique Clothing & Fashion Store
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Hair Exchange The Hair Salon
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Harmony Massage Alternative Medicine Practice Spa & Massage Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
B2 · Bennet, NEBennet. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.