For Auction

424 W. 3rd Street | Value-Add Retail/Office - Grand Island, NE

424 West 3rd Street,
Grand Island, NE 68801Represented by
Cushman & Wakefield - The Lund Company

Asset Snapshot

Real Estate
Asset Type
Retail
Property Type
1963
Year Built
1
Floor Count
1
Building Count
0.67 Acres
Land Area
Occupancy As Of
No
Anchor
17,182 SF
Property Size

Offering Summary

Investment Highlights

  • Signalized Intersection With Corner Lot Placement: The Property is situated on a corner lot placement at a signalized intersection with immediate exposure to West 3rd Street and North Cedar Street. 
  • Flexible Investment Approach: The offering will allow new ownership to pursue an owner-user strategy or lease-up to prospective tenants to maximize investment returns.
  • Motivated Seller: The subject property is a bank-owned property that will be selling at a low cost basis.
 

Offering Details

Cushman & Wakefield and RealINSIGHT Marketplace are pleased to present a Value-Add Bank Building (The "Property"), a 17,182 SF retail building in Grand Island, Nebraska. The Property is situated on a corner lot placement at a signalized intersection with immediate exposure to West 3rd Street and North Cedar Street. Grand Island also features a strong demographic profile as the total population count is comprised of 51,147 with a competitive employment rate of 67.7% while the national employment rate currently yields 60.2%. New ownership will have the ability of pursuing this investment as an owner-user with the added option of pursuing a lease-up strategy to secure long-term cash flows to maximize investment returns.. The subject property is currently owned by a publicly-traded financial institution with a strong motivation to sell.

The largest industries in the city of Grand Island is comprised of Manufacturing, Healthcare & Social Assistance, and Retail Trade while the highest paying industries are Wholesale trade, Enterprise Management, and Information Technology based on information provided by the United States Census Bureau.

Due Diligence

Transaction Manager

Damian Smoter
Marketplace
(800) 915-7015dsmoter@realinsight.com

Platform Fee

Buyer pays a minimum platform fee of 5% or $25,000 at closing.

How it Works

Learn about bidding, reserve prices, and closing.

Read the auction guide

Auctioneer

Lamar P. Fisher
Fisher Auction Company Inc.

Need Help?

Your transaction managers are your first point of contact for any auction or process questions. For additional support:

info@rimarketplace.com800-915-7015

Closed

This asset was part of the October 28th 2021 auction event, resulting in a successful transaction that closed in just 23 days.
Ready to sell your asset on the platform with the highest trade rate in the industry?
Interested in additional investment opportunities?

Investment Sales Broker

DM
Dylan McCabe
Cushman & Wakefield - The Lund Company
(712) 204-8601dylan.mccabe@lundco.com

Disclaimers

The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.