219 Main St - Storefront FOR SALE


Chadron, NE 69337
$220,000 USD
307-236-8299
219 Main St, Chadron, NE for Sale
$220,000 USD
Storefront - FOR SALE
1/32
null | Request Cap Rate

219 Main St
Chadron, NE 69337


HIGHLIGHTS

  • Fully leased to three long-standing local businesses
  • Recent upgrades include new HVAC systems and modernized interiors
  • Upper-level conversion opportunity for two apartments
  • Prime Main Street location with strong visibility and foot traffic
  • Situated in a thriving college town with year-round activity

OVERVIEW

Located in the heart of downtown Chadron, 219 Main Street offers investors a rare opportunity to own a fully leased, income-producing property in one of western Nebraska’s most vibrant small-town markets. This historic three-unit building combines timeless character with modern upgrades, including a major remodel in 2020 and new HVAC systems installed in 2023. Each main-level storefront is occupied by established local businesses—Bloom, a beloved flower and gift shop; The Cut Hut, a busy full-service salon; and a recently leased north-end unit—providing immediate cash flow and stability. Beyond its current performance, the property offers significant upside potential. The upper level, featuring updated windows, is primed for conversion into two residential apartments, ideal for downtown living or short-term rentals. Situated on a 50’ x 100’ lot with approximately 7,750 sq. ft. of finished and basement space, this asset delivers flexibility for future improvements while maintaining strong visibility and foot traffic along Chadron’s Main Street corridor. Chadron serves as the commercial and cultural hub of the northern Panhandle, home to Chadron State College and surrounded by natural attractions like Chadron State Park and the Nebraska National Forest. This dynamic environment supports a thriving local economy and steady demand for retail and residential spaces. Whether you’re seeking a stable investment or a property with growth potential, 219 Main Street stands out as a strategic acquisition in a community that values local business and downtown revitalization.

FOR SALE DETAILS

PRICE

$220,000 USD

PRICE/SF

$28 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1888

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

230004729

ASK ABOUT THIS PROPERTY

Tommy Wiles#1 Properties Ranch & RecreationMore Info
307-236-8299

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Tommy Wiles#1 Properties Ranch & RecreationMore Info
307-236-8299

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.