3633 W State St
Grand Island, NE 68803
Aspen Circle · Land For Sale · 5.90 AC

Project: Aspen Circle Commercial Lots
Location: State Street & Highway 281 Corridor, Grand Island, NE
District: Located within the Approved Good Life District
Zoning: B-2 General Business (By-Right Commercial & Mixed-Use)
Highlights
Adjacent to Sam’s Club, Walmart, and Manard’s at State St and Hwy 281 near Conestoga Mall
redevelopment
Inside Grand Island’s Good Life District with sales tax reduced from 5.5% to 2.75% until June 2054 (30-
year term)
Water, sewer, and electric utilities in place
Traffic now routed through or immediately adjacent to Aspen Circle
Enhanced visibility, safety, and predictable circulation
Ideal for retail, QSR, hotel, financial, medical, and service commercial uses
Pricing
State Street & Claude frontage lots (Lots 3, 7, 8): $14.00/SF
Interior / secondary frontage lots (Lots 4, 9, 10): $10.00/SF
Lease or Build to Suit will be considered for the right tenants
Aspen Circle is a newly platted commercial development located within the City of
Grand Island’s approved Good Life District, positioned along the State Street /
Highway 281 corridor—one of the City’s most important retail and transportation
spines. The property benefits directly from district-backed public investment,
proximity to major retail anchors, and a fundamentally reconfigured traffic pattern
that has shifted commercial gravity toward the site.
The property is zoned B-2 General Business, a highly flexible classification intended
to serve community-wide retail, service, hospitality, office, medical, and mixed-use
demand. Water, sewer, and electric utilities are in place, reducing entitlement risk and
allowing for efficient development timelines.
A defining value driver for Aspen Circle is the City-approved State Street and Diers
Avenue traffic redesign. Historically, the area’s highest-volume retail traffic flowed
north–south along Diers Avenue, connecting Sam’s Club and Hobby Lobby to the
south with Menards and Walmart to the north—placing Aspen Circle one block east of
the dominant traffic path. Recent improvements introduce raised medians at State
Street that eliminate north–south through traffic on Diers, while a new 18th Street
bypass and the Claude Road / State Street roundabout intentionally re-route traffic
through and immediately adjacent to Aspen Circle.
This redesign effectively moves Aspen Circle into the center of the traffic flow,
transforming the Claude & State roundabout into a primary decision intersection
where vehicles slow, circulate, and reorient. The result is improved visibility, safer
access, reduced cut-through traffic, and a more predictable circulation environment
—conditions that are particularly attractive to retail, QSR, financial, hotel, and
service-commercial users.
Aspen Circle’s location inside the Good Life District provides an additional, long-term
economic advantage. Beginning October 1, 2024, the State of Nebraska’s sales tax
rate within the Grand Island Good Life District is reduced from 5.5% to 2.75%,
effectively redirecting a portion of sales tax collections to support local district
investment rather than increasing the overall tax burden on consumers. The district
is expected to remain in place until June 2054, providing up to 30 years of policy
stability and a clear signal of sustained public commitment to the area. While future
boundary expansions are possible, any changes require approval by the Nebraska
Department of Economic Development, reinforcing the district’s structured, statelevel
oversight.
Combined with proximity to destination sports and recreation amenities and the
ongoing Conestoga Marketplace redevelopment, Aspen Circle represents a rare
opportunity to acquire entitled, utility-served commercial land inside a city-backed
redevelopment district and at the heart of a newly established traffic node.