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2504 S Locust St

Grand Island, NE 68801
  • $499,900
  • STATUS: Active
  • MLS #: 20242093
UPDATED: 217 min ago
$499,900
  • 0
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,232
    SQFT
  • $224
    $/SQFT
Neighborhood:
Sw
Type:
Commercial
Built:
1980
County:
Area:
Sw

School Ratings & Info

Description

INVESTMENT OPPORTUNITY! Real Estate Only! Nice-sized restaurant currently leased to Imperial Palace. Many updates, including; updated electrical, hot water heater, a large amount of new concrete, added awning in front of building, etc... Good-sized dining area & drive-through window on the side of building. Yearly rental increases added into the lease. This restaurant has had a very long presence in Grand Island. The tenant pays all utilities. A great investment opportunity! Seller will be doing a 1031 exchange.

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© 2025 Grand Island Board of REALTORS® MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Summit Real Estate. Data last updated: 2025-02-10T23:56:37.683.
www.soldwithsummit.com/homes/158447865
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2504 S Locust St Grand Island, NE 68801

  • Price: $499,900
  • Status: Active
  • On Site: Days
  • Updated: 217 min ago
  • MLS #: 20242093
0
Beds
2
Baths
0
½ Baths
N/A
Acres
2,232
SQFT
$224
$/SQFT
1980
Built
Neighborhood:
Sw
County:
Hall
Area:
Sw
Property Description
INVESTMENT OPPORTUNITY! Real Estate Only! Nice-sized restaurant currently leased to Imperial Palace. Many updates, including; updated electrical, hot water heater, a large amount of new concrete, added awning in front of building, etc... Good-sized dining area & drive-through window on the side of building. Yearly rental increases added into the lease. This restaurant has had a very long presence in Grand Island. The tenant pays all utilities. A great investment opportunity! Seller will be doing a 1031 exchange.
Exterior Features

Construction FrameStucco Flood Zone No Foundation Slab Parking Parking SpacesParking AreaConcrete Roof Flat Siding Stucco Waterfront No

Interior Features

Apx Upper Level Sqft 0 Cooling Central Air Floors Concrete Slab Heat Type Gas Forced Air Overhead Door Height None Overhead Door Width None

Property Features

Apx Main Level Sqft 2232 Docks None Documents On File Legal Description Estimated Taxes 6904.36 Location Free Standing Miscellaneous Tenant Pays UtilitiesInside StorageOutside Storage Number Stories 1 Possession At Closing Present Use Restaurant Rent No Rent Income 4300.00 Tax Year 2024 Terms Real Estate Only Utilities Available Electricity AvailableNatural Gas AvailableWater AvailableSewer Available Utilities Paid By Owner None Utilities Paid By Tenant GasElectricityWaterTrash Collection

Listing information © 2025 Grand Island Board of REALTORS® MLS
Listing provided courtesy of Berkshire Hathaway HomeServices Da-Ly Realty: 3083841101.



© 2025 Grand Island Board of REALTORS® MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Summit Real Estate. Data last updated: 2025-02-10T23:56:37.683.
 
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Summit Real Estate
1824 W 2nd Street
Grand Island NE, 68803