Grand Island Portfolio of properties for Sale
Both properties are located within Grand Island CRA Area #1 and may qualify for façade improvement incentives and Tax Increment Financing (TIF), creating additional upside potential for redevelopment, exterior improvements, adaptive reuse, or long-term repositioning strategies. Located within the rapidly evolving Railside District, the properties benefit from ongoing public and private investment focused on revitalization, business growth, and district enhancement.
Two-building industrial warehouse opportunity located at 316 N Cleburn Street and 321 N Eddy Street in Grand Island, Nebraska. Offered as a two-building package, the properties include approximately 6,040 total square feet of flexible shop, warehouse, storage, and contractor-oriented space within Grand Island’s Railside District.
This offering is well-suited for an owner/user, contractor, trades business, service company, small industrial operator, equipment storage user, or buyer seeking functional industrial space in a district that continues to benefit from downtown/Railside revitalization efforts. The properties provide practical industrial utility, overhead door access, flexible building layouts, and yard/outdoor storage potential, while also offering a location within one of Grand Island’s most recognizable redevelopment and improvement districts.
The Railside District is Grand Island’s historic downtown district and has been the focus of ongoing public/private improvement efforts, business recruitment, streetscape enhancements, district promotion, and reinvestment. For a buyer, this creates a unique opportunity to acquire functional industrial buildings in an area that offers both operational utility and longer-term repositioning potential.
316 N Cleburn Street includes approximately 1,710 square feet and features multiple overhead door access points, including doors marked at approximately 12', 14', and 15'. This building is well-suited for shop use, vehicle or equipment storage, materials storage, contractor staging, service operations, or other industrial/business uses requiring convenient access.
321 N Eddy Street includes approximately 4,330 square feet and provides additional warehouse/shop functionality with overhead door access, including doors marked at approximately 8'4" and 9'. The building offers flexible interior space that may appeal to contractors, warehouse users, storage users, repair/service businesses, trades companies, or owner/operators needing practical space for equipment, vehicles, inventory, supplies, or daily business operations.
The two-building configuration creates flexibility that is difficult to find in smaller industrial assets. A buyer could occupy both buildings, use one building for operations and the other for storage, separate business functions by location, or potentially lease one building while utilizing the other. This structure may also appeal to a buyer looking for phased business growth, income potential, or a combination of operational and storage use.
The location within the Railside District adds another layer of upside. In addition to the functional industrial use, buyers may have the ability to explore local redevelopment tools, façade improvement programs, life/safety or infrastructure assistance, Railside business support programs, or other CRA-related incentives depending on project scope, eligibility, funding availability, and approval by the appropriate governing entities. Any incentive or grant eligibility should be independently verified by the buyer with the City of Grand Island, Railside, and/or the Community Redevelopment Authority.
This opportunity is not being positioned solely as a stabilized income-producing investment. Rather, it is a functional industrial owner/user and redevelopment opportunity with value driven by location, usability, building flexibility, overhead door access, yard/storage potential, and the ability to own two separate buildings in close proximity within Grand Island’s Railside District.
Potential uses may include contractor shop, construction storage, equipment storage, small warehouse/distribution, service business operations, automotive or repair-related use, trades business, materials storage, light industrial use, or other business operations subject to zoning, municipal approval, and buyer verification.
Offered as a two-building industrial package at $529,000, this is a practical opportunity for a buyer seeking usable warehouse/shop space in Grand Island with the added benefit of being located in a district that continues to see focused improvement, promotion, and reinvestment.
Buyer to independently verify building square footage, zoning, permitted uses, utilities, property condition, grant/incentive eligibility, and all intended uses with the City of Grand Island and applicable governing authorities.
An additional redevelopment concept previously considered by ownership was to convert portions of the buildings into individual rentable refrigerator/freezer or cold-storage units that could support local food truck operators, caterers, small food businesses, and mobile vendors. With growing community discussion around the number of food trucks in Grand Island and the lack of designated locations for them to operate, store inventory, or stage equipment, this concept could create a unique Railside District food truck hub or food-business support property.
The site’s combination of two buildings, overhead door access, outdoor yard/parking areas, and Railside District location may lend itself to a creative repositioning strategy. A future owner could potentially explore cold-storage rental bays, food truck parking/staging, vendor storage, outdoor seating, shared utilities, or a small food truck lot concept, subject to zoning, health department requirements, utility capacity, site planning, and municipal approvals.
This type of use could create a more passive or lower-touch rental income model if structured around individual cold-storage rentals, designated food truck spaces, and/or recurring vendor agreements. In addition, because the property is located in the Railside District, a buyer may be able to explore available façade, infrastructure, beautification, CRA, or other redevelopment-related incentive programs to improve the buildings, grounds, signage, lighting, landscaping, and overall curb appeal. Any grant, incentive, or redevelopment funding eligibility should be independently verified by the buyer with the City of Grand Island, Railside, and applicable governing authorities.
This concept is not part of the current operation and is provided only as a potential redevelopment idea. However, it highlights the flexibility of the property and the opportunity for a buyer to reposition the buildings beyond traditional shop/warehouse use into a locally relevant, community-serving food truck or small food-business support hub in one of Grand Island’s most actively improving districts.
