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219 Main St 7,750 SF 100% Leased Retail Building Chadron, NE 69337 $220,000 ($28.39/SF)



Investment Highlights
- Fully leased to three long-standing local businesses
- Upper-level conversion opportunity for two apartments
- Situated in a thriving college town with year-round activity
- Recent upgrades include new HVAC systems and modernized interiors
- Prime Main Street location with strong visibility and foot traffic
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
7,750 SF
Building Class
C
Year Built/Renovated
1888/2020
Price
$220,000
Price Per SF
$28.39
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Amenities
- Air Conditioning
Fairly walkable
50/100
Moderately drivable
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 230004729 | Improvements Assessment | $119,475 |
| Land Assessment | $15,000 | Total Assessment | $134,475 |
Property Taxes
Parcel Number
230004729
Land Assessment
$15,000
Improvements Assessment
$119,475
Total Assessment
$134,475
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219 Main St
