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Pending
  • $292,640

    345 N 23rd St, Lincoln, NE 68503

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    Unimproved Land
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    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    This property has a 99 year ground lease in place which began July 1, 2021. The lease is an absolute NNN, with no landlord responsibilities or expenses. The monthly rent July 1, 2025 is $1585.14. The annual rental increases are 2%, or the consumer price index, whichever is greater. The property is improved with a $3,750,000 mixed use building that includes retail and housing. The price is based on a cap rate of 6, which is excellent for a ground lease with rate bumps. Typical rate bumps are at 5-10 year increments and are annual and compounding. Offers will require a three week response time to an RFR. The property itself is free and clear, and not subject to any debt on the improvements.
    383 days
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    7
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    Zillow last checked:

    Listing updated:

    Listed by:

    Joe Mara 402-304-0540,

    Woods Bros Realty

    Source: GPRMLS,MLS#: 22517485MLS Logo

      Facts & features

      Property

      Features
      • Fencing: None
      Lot
      • Dimensions: 70.13 x 142016
      • Features: Under 1/4 Acre, City Lot, Corner Lot, Curb and Gutter, Curb Cut, Level
      Details
      • Parcel number: 1024243015000

      Utilities & green energy

      • Gas: Black Hills
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Available, Natural Gas Available, Water Available, Sewer Available, Storm Sewer, Phone Available, Fiber Optic, Cable Available

      Community & HOA

      Community
      • Subdivision: Antelope Square
      HOA
      • Has HOA: No
      Location
      • Region: Lincoln

      Financial & listing details

      • Date on market: 6/25/2025
      • Listing terms: Conventional,Cash
      • Ownership: Fee Simple
      • Electric utility on property: Yes
      • Road surface type: Asphalt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        3/12/2026Pending sale$292,640
        Source: GPRMLS #22517485 Report a problem
        11/7/2025Price change$292,640-7.7%
        Source: GPRMLS #22517485 Report a problem
        6/25/2025Listed for sale$317,028
        Source: GPRMLS #22517485 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Malone

        Getting around

        88 / 100
        Very Walkable
        42 / 100
        Some Transit
        88 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Elliott
        • Middle: Lefler
        • High: Lincoln High
        • District: Lincoln

        Source: GPRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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