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Investment Highlights

  • Consistent Apartment income x 2
  • Commercial kitchen Rental
  • Bar/restaraunt rental income or business income

Executive Summary

Unique Commercial Opportunity with Income Potential!
This former bar and restaurant property offers a variety of possibilities for an entrepreneur or investor. While the bar/restaurant is not currently in operation, the building is equipped with two commercial kitchens, creating opportunities for a restaurant, catering business, food production, or shared kitchen concept.
The upper level features two apartments. One apartment is currently habitable, while the second offers the opportunity for remodeling and value-added improvements. Each apartment has its own separate electric meter and water submeter, making tenant billing convenient.
A standout feature of this property is the potential to generate additional income by leasing one of the commercial kitchens on a daily or short-term basis to local food producers. The space could be ideal for bakers, honey bottlers, specialty food manufacturers, meal prep businesses, or others needing access to a licensed commercial kitchen.
Whether you're looking to reopen the restaurant, create a multi-use commercial space, or invest in a property with multiple income streams, this building offers exceptional potential.

Attachments

LBP

Financial Summary (Pro Forma - 2026)

Annual Annual Per SF
Gross Rental Income $14,400 $4.80
Other Income $6,000 $2.00
Vacancy Loss $1,000 $0.33
Effective Gross Income $19,400 $6.47
Taxes $181 $0.06
Operating Expenses - -
Total Expenses $181 $0.06
Net Operating Income - -

Financial Summary (Pro Forma - 2026)

Gross Rental Income
Annual $14,400
Annual Per SF $4.80
Other Income
Annual $6,000
Annual Per SF $2.00
Vacancy Loss
Annual $1,000
Annual Per SF $0.33
Effective Gross Income
Annual $19,400
Annual Per SF $6.47
Taxes
Annual $181
Annual Per SF $0.06
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $181
Annual Per SF $0.06
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,000 SF
Building Class
C
Year Built
1900
Price
$125,000
Price Per SF
$41.67
Cap Rate
15.50%
NOI
$19,375
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.83
Lot Size
0.08 AC

Amenities

  • Smoke Detector
  • Smoke Detector
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
  • Listing ID: 40792831

  • Date on Market: 6/4/2026

  • Last Updated:

  • Address: 417 Saint James Ave, Wynot, NE 68792

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