$317,028

Estimated payment $2,041/month

Total Views 912
0 Acre
-- Price per Acre
0 Sq Ft Lot

About This Lot

This property has a 99 year ground lease in place which began July 1, 2021. The lease is an absolute NNN, with no landlord responsibilities or expenses. The monthly rent July 1, 2025 is $1585.14. The annual rental increases are 2%, or the consumer price index, whichever is greater. The property is improved with a $3,750,000 mixed use building that includes retail and housing. The price is based on a cap rate of 6, which is excellent for a ground lease with rate bumps. Typical rate bumps are at 5-10 year increments and are annual and compounding. Offers will require a three week response time to an RFR. The property itself is free and clear, and not subject to any debt on the improvements.

Listing Agent

Joseph Mara

Woods Bros Realty License #880976 Listed on: 06/25/2025

Woods Bros Realty

Property Details

Property Type

  • Land

Lot Details

  • Lot Dimensions are 70.13 x 142016
  • Corner Lot
  • Level Lot

Schools

  • Elliott Elementary School
  • Lefler Middle School
  • Lincoln High School

Utilities

  • Fiber Optics Available
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Antelope Square Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1024243015000

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Parcel Number: 1024243015000
  • Property Sub Type: Unimproved Land
  • Prop. Type: Land
  • Lot Size: 70.13 x 142016
  • Road Frontage Type: City Street
  • Ownership: Fee Simple
  • Subdivision Name: Antelope Square
  • Directions: North of O Street on 23rd
  • Habitable Residence: Yes
  • Special Features: None

Exterior Features

  • Road Surface Type: Asphalt
  • Fencing: None

Utilities

  • Electricity On Property: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Fiber Optic, Natural Gas Available, Sewer Available, Storm Sewer, Phone Available, Water Available
  • Water Source: Public
  • Gas Company: Black Hills

Condo/Co-op/Association

  • Association: No

Schools

  • High School: Lincoln High
  • Elementary School: Elliott
  • Junior High Dist: Lincoln
  • Middle Or Junior School: Lefler

Lot Info

  • Lot Features: Under 1/4 Acre, City Lot, Corner Lot, Curb and Gutter, Curb Cut, Level
  • Current Use: Other
  • Land Lease: No

Green Features

Tax Info

  • Tax Year: 2024

Multi Family

Map

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2025 06/25/25 For Sale $317,028 -- --
Source: Great Plains Regional MLS

Source: Great Plains Regional MLS

MLS Number: 22517485

Great Plains Regional MLS