Property Details

Discover a rare chance to own a prime piece of commercial real estate in the heart of downtown Lincoln. This well-located property is currently home to two solid tenants: the Lincoln Police Department and the Lincoln District Courthouse. With the courthouse's location secured by legislative approval, this property offers stability and long-term investment potential. The Lincoln Police Department and Lincoln District Courthouse provide reliable income streams, with existing leases already negotiated for rent increases starting January 2026. The projected Net Operating Income (NOI) for 2026 is estimated at $104,000, reflecting a robust 10% cap rate. Currently, the property boasts a cap rate of 7%, with an NOI of $81,050. This solid performance underscores the property's appeal as a sound investment. Additionally, the upper level of the building presents an exciting opportunity for further income generation. If only 50% of the upstairs is leased at $12 per square foot, the NOI could reach $126,000, resulting in an impressive 12% cap rate. This property has been meticulously renovated in 2020, featuring a new roof, 22 heat pumps, and new flooring throughout. With zero deferred maintenance, it's ready for a new owner to step in and enjoy the benefits without the hassle of immediate repairs. Contact us today to learn more and schedule a viewing!