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Expansive Flex Building with Strong Upside 248 W 2nd St 10,800 SF Vacant Industrial Building Online Auction Sale Chadron, NE 69337
Investment Highlights
- Historic all-brick, two-story industrial building on a 0.28-acre corner lot in Downtown Chadron, located near Chadron State College.
- Ideally suited for owner-occupiers or value-add investors, with three drive-in doors and a rear roll-up door for a variety of flex-industrial uses.
- Proximity to Routes 20 and 385 connects this warehouse to the rest of Nebraska, providing seamless accessibility and greater logistical ease.
- Flexible layout comprising 3,000 square feet of office, 4,800 square feet of warehouse, and 3,000 square feet of second-floor mezzanine space.
Executive Summary
Discover 248 W 2nd Street, a unique owner/user or value-add industrial opportunity in the heart of Downtown Chadron, Nebraska. Situated on a 0.28-acre corner lot, this all-brick, 10,800-square-foot, two-story industrial building offers a flexible layout suitable for a wide range of light industrial and flex uses. Built in 1888, the building combines historic character with functional industrial utility and proximity to both Routes 20 and 385, making it a rare offering in this thriving college town.
248 W 2nd Street comprises 3,000 square feet of office space, 4,800 square feet of warehouse space, and a second-floor mezzanine, creating a flexible layout that allows users to efficiently separate administrative, operational, and storage functions. Three drive-in doors and a rear roll-up door access support convenient loading and distribution, while the two-story warehouse design provides ample storage space. A private parking lot and access to street parking further enhance accessibility for employees and visitors. The building benefits from proximity to local amenities and services while maintaining strong industrial functionality.
Located in Downtown Chadron, a small college town offering a sparse suburban feel that attracts a mix of professionals and residents. 248 W 2nd Street is in a central location near Chadron State College, providing a consistent influx of employees and supporting long-term workforce stability. Chadron’s economy is primarily driven by Chadron State College and the region’s agricultural sector, creating steady demand for flex industrial and warehouse space. The area supports approximately $61 million in consumer spending within a 5-mile radius. This property is well-positioned for owner/users seeking operational control or for investors targeting repositioning or adaptive reuse in a supply-constrained market.
Property tours are by appointment only. Please contact the listing broker to schedule.
Property is being listed by Brian Brockman | Bang Realty | NE License #: 20190317
248 W 2nd Street comprises 3,000 square feet of office space, 4,800 square feet of warehouse space, and a second-floor mezzanine, creating a flexible layout that allows users to efficiently separate administrative, operational, and storage functions. Three drive-in doors and a rear roll-up door access support convenient loading and distribution, while the two-story warehouse design provides ample storage space. A private parking lot and access to street parking further enhance accessibility for employees and visitors. The building benefits from proximity to local amenities and services while maintaining strong industrial functionality.
Located in Downtown Chadron, a small college town offering a sparse suburban feel that attracts a mix of professionals and residents. 248 W 2nd Street is in a central location near Chadron State College, providing a consistent influx of employees and supporting long-term workforce stability. Chadron’s economy is primarily driven by Chadron State College and the region’s agricultural sector, creating steady demand for flex industrial and warehouse space. The area supports approximately $61 million in consumer spending within a 5-mile radius. This property is well-positioned for owner/users seeking operational control or for investors targeting repositioning or adaptive reuse in a supply-constrained market.
Property tours are by appointment only. Please contact the listing broker to schedule.
Property is being listed by Brian Brockman | Bang Realty | NE License #: 20190317
Data Room Click Here to Access
- Operating and Financials
- Purchase Agreement
- Title and Insurance
Property Facts
| Sale Type | Investment | Lot Size | 0.28 AC |
| Sale Condition | Auction Sale | Rentable Building Area | 10,800 SF |
| Type of Ownership | Fee Simple | No. Stories | 2 |
| Property Type | Industrial | Year Built | 1888 |
| Property Subtype | Warehouse | Parcel Number | 230004605 |
| Building Class | C | ||
| Zoning | 03-COMMERC - City Jurisdiction | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.28 AC |
| Rentable Building Area | 10,800 SF |
| No. Stories | 2 |
| Year Built | 1888 |
| Zoning | 03-COMMERC - City Jurisdiction |
| Parcel Number | 230004605 |
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Moderately walkable
60/100
Moderately drivable
70/100
Fairly bikeable
50/100
Demographics
Regional Accessibility
City
Population
Miles
Drive Time
Aurora
374,114
299
5 h 40 m
Denver
716,492
300
5 h 46 m
Colorado Springs
472,688
362
6 h 55 m
Omaha
468,262
430
8 h 37 m
Lincoln
287,401
451
8 h 9 m
Wichita
389,255
602
11 h 16 m
Access and Labor Force
10 Miles
Total Population
6,325
Total Labor Force
3,205
Unemployment Rate
3.18%
Median Household Income
$54,815
Warehouse Employees
228
High School Education Or Higher
95.60%
Sale Advisors
Sale Advisors
Michael Carlson, Principal
As a Principal at Avison Young, Mike Carlson SIOR, CCIM specializes in all aspects of Office Brokerage with over 25 years of industry experience. His expertise spans agency leasing, tenant representation and investment sales, Mike has mentored numerous young brokers in the industry and been tasked with leading full brokerage divisions the majority of his career.
Graduating from the University of Missouri-Columbia with a double major in finance and real estate, Mike has a strong foundation in the field. He has showcased his leadership through roles such as SIOR Regional Director, SIOR Chapter President, CCIM Chapter President and the Missouri Growth Association Board.
Beyond his professional achievements, Mike is dedicated to philanthropy, where he is the acting President of the Zeta Phi Foundation, Inc., a non for profit established to provide need based college scholarships.
Graduating from the University of Missouri-Columbia with a double major in finance and real estate, Mike has a strong foundation in the field. He has showcased his leadership through roles such as SIOR Regional Director, SIOR Chapter President, CCIM Chapter President and the Missouri Growth Association Board.
Beyond his professional achievements, Mike is dedicated to philanthropy, where he is the acting President of the Zeta Phi Foundation, Inc., a non for profit established to provide need based college scholarships.
Ben Albers, Senior Vice President
Ben Albers serves as Senior Vice President for Avison Young's office team, bringing extensive expertise in commercial real estate to his role. With a focus on representing tenants and landlords in office property transactions, he specializes in strategic planning to drive cost savings for corporate and local tenants through thorough market and financial analysis. Additionally, Ben provides representation to local and institutional owners, leveraging his market expertise for lease negotiations and creative marketing strategies.
A graduate of St. Louis University with a Bachelor’s degree in Entrepreneurship, Ben is a licensed real estate salesperson in Missouri. In recognition of his dedication to the St. Louis community, Ben was honored in the 2019 class of The St. Louis Business Journal’s 30 under 30.
He is also deeply involved in philanthropic endeavors, serving as the President of the Cardinal Glennon Development Board and contributing to the Le Roseau Initiative. Additionally, Ben is a member of the Missouri Athletic Club and sits on its Sports Foundation board.
A graduate of St. Louis University with a Bachelor’s degree in Entrepreneurship, Ben is a licensed real estate salesperson in Missouri. In recognition of his dedication to the St. Louis community, Ben was honored in the 2019 class of The St. Louis Business Journal’s 30 under 30.
He is also deeply involved in philanthropic endeavors, serving as the President of the Cardinal Glennon Development Board and contributing to the Le Roseau Initiative. Additionally, Ben is a member of the Missouri Athletic Club and sits on its Sports Foundation board.
Jay Travis, Vice President
As Vice President of Avison Young’s brokerage team, Jay Travis specializes in representing tenants and landlords within the office property sector. With a strong background in global occupier services, Jay excels in managing site selection and relocation processes for clients. His expertise extends to market research and strategic planning for various accounts, ensuring optimal outcomes.
Jay holds a Bachelor of Science degree in Business Administration with an emphasis in Finance and Real Estate from the University of Missouri – Columbia. He is a licensed real estate salesperson in the state of Missouri.
Beyond his professional endeavors, Jay is actively engaged in the community, supporting organizations such as the World Pediatric Project and the St. Louis Sports Commission Associates. Additionally, he holds a membership at the Missouri Athletic Club.
Jay holds a Bachelor of Science degree in Business Administration with an emphasis in Finance and Real Estate from the University of Missouri – Columbia. He is a licensed real estate salesperson in the state of Missouri.
Beyond his professional endeavors, Jay is actively engaged in the community, supporting organizations such as the World Pediatric Project and the St. Louis Sports Commission Associates. Additionally, he holds a membership at the Missouri Athletic Club.
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Matterport 3D Exterior
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Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Expansive Flex Building with Strong Upside | 248 W 2nd St
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