121 & 125 E 31st Street, Kearney, NE 68847-0000
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121 & 125 E 31st Street, Kearney, NE 68847-0000
121 & 125 E 31st Street, Kearney, NE 68847-0000
121 & 125 E 31st Street, Kearney, NE 68847-0000
121 & 125 E 31st Street, Kearney, NE 68847-0000
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Dawn Thompson

Dawn Thompson

+1(308) 830-2835
$ 879,900
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121 & 125 E 31st Street Kearney, NE 68847-0000

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Key Details

Property Type Commercial

Sub Type OFFICE

Listing Status Active

Purchase Type For Sale

Subdivision Ne

MLS Listing ID 20260997

Tax Year 2025

Property Sub-Type OFFICE

Property Description

The asset is secured by 2 multiple-year leases with regular rent increases, offering investors stable, growing income with minimal ownership responsibilities. The property benefits from being a professional office building whose Tenants are a pediatric dentistry and an insurance brokerage. This investment opportunity is well-suited for buyers seeking predictable income, low management intensity, and stable real estate returns. Investment Highlights: • Current cap rate: 6.02% - with current property management • Pro-forma cap rate: 6.83% - if self-managed • Passive, Management-Light Ownership • All internal utilities are Tenant's responsibility • Includes 3 private parking lots • Dedicated monument sign along 31st Street • Has been professionally managed by Century 21-Midlands Property Management for many years • Full due diligence including property management annual income and expense statement available

Location

State NE

Area 2 - Ne In Town Kearney (N Of 25Th St & E Of 2Nd Ave)

Zoning C-O

Direction Excellent investment opportunity located just 2 blocks from CHI Health / Good Samaritan Hospital!

Interior

Heating Electric

Cooling Central Air

Heat Source Electric

Exterior

Utilities Available Electric, Gas, City Water, City Sewer

Roof Type Pitch,Asphalt

Building

Story 1

Foundation Full Basement

Others

Miscellaneous Electric Hot Water Heater,Tenant Pays Utilities,Inside Storage,Display Window,Sprinkler System,Utility Separate,Utility Master

Listed by C21 Midlands

Nearby Locations

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Dawn Thompson

Broker Associate | License ID: 20160398

+1(308) 830-2835 | dawn.thompson@exprealty.com

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121 & 125 E 31st Street