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2118 Central Ave 7,944 SF 60% Leased Retail Building Kearney, NE 68847 $602,144 CAD ($75.80 CAD/SF) 5.08% Cap Rate
Investment Highlights
- Prime downtown location on the Bricks in Kearney
- Owner-occupy opportunity
- High visibility & walkable location
- New HVAC & electrical service
Executive Summary
Rare opportunity to own an income producing commercial building in the heart of Downtown Kearney's iconic Bricks district. This historic property offers approximately 2,944 SF of leased retail space, 2,000 SF of unfinished second-story space, & 3,000 SF of basement storage. The main floor is occupied by a long-term tenant with annual rent increases, tenant-paid utilities, & beautiful original tin ceilings overlooking CentralAvenue. The second story features its own private Central Ave entrance, a finished office leased month-to-month for additional income if desired, plus additional unfinished space ready for offices, retail expansion, or redevelopment. Recent improvements include updated second-story electrical service with new panels, removal of knob and tube wiring, refinished hardwood floors, drywall, plumbing updates with PVC replacement, insulated attic crawl space, & one newer HVAC unit. Rooftop access, rear alley access, & original architectural details add to the property's appeal. An exceptional investment opportunity offering immediate income with tremendous upside potential in one of Kearney's most desirable downtown locations! Buyer to verify square footage to their own satisfaction.
Financial Summary (Actual - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Building Size
7,944 SF
Year Built
1900
Price
$602,144 CAD
Price Per SF
$75.80 CAD
Cap Rate
5.08%
NOI
$30,603 CAD
Percent Leased
60%
Tenancy
Multiple
Building Height
2 Stories
Zoning
CBD - Commercial Business District
Frontage
25’ on Central Avenue
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Gary Michaels
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
- J-Spot Services
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Gary Michaels | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
| J-Spot Services | Services | 99,999 SF | $9.99 | Lorem Ipsum | - |
Moderately walkable
70/100
Moderately drivable
70/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 610086000 | Total Assessment | $280,741 CAD (2025) |
| Land Assessment | $34,351 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $246,390 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
610086000
Land Assessment
$34,351 CAD (2025)
Improvements Assessment
$246,390 CAD (2025)
Total Assessment
$280,741 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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2118 Central Ave
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