345 N 23rd St Lincoln, NE 68503
Hawley NeighborhoodEstimated payment $1,844/month
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.
Property Details
Property Type
- Land
Lot Details
- Lot Dimensions are 70.13 x 142016
- Corner Lot
- Level Lot
Location
- City 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
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/10/2026 03/10/26 | Pending | -- | -- | -- |
| 11/07/2025 11/07/25 | Price Changed | $292,640 | -7.7% | -- |
| 06/25/2025 06/25/25 | For Sale | $317,028 | -- | -- |
Source: Great Plains Regional MLS
MLS Number: 22517485
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