For sale

Price cut: $200K (5/13)

$350,000

702 Cedar Ave, Laurel, NE 68745

27beds

35baths

30sqft

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Apartment

Built in 1978

-- sqft lot

$-- Zestimate^®

$11,667/sqft

$-- HOA

What's special

This expansive commercial property, formerly an assisted living facility, offers over 30,000 square feet of versatile space with endless potential. The layout and infrastructure make it an ideal candidate for redevelopment into apartments, a hotel, or office suites. With its size and flexible design, the property presents a rare chance for investors and developers to reimagine the space to meet today’s market demands. Whether you’re seeking a multi-family conversion, hospitality venture, or commercial office project, this building is a blank canvas ready to deliver strong returns. A true opportunity for visionaries looking to capitalize on a property with scale, adaptability, and prime potential.

298 days

244

8

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 27
Bathrooms: 35

Rooms

Room types: Comn Util Room

Heating

Common Heat

Cooling

Individual Air, Comn Air Cond

Appliances

Included: None, Common Wtr Htr, Common Water Sftnr

Features

Flooring: Carpet
Windows: Drapes
Has basement: No

Interior area

Total structure area: 30
Total interior livable area: 30 sqft

Video & virtual tour

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Property

Parking

Total spaces: 3
Parking features: Other
Garage spaces: 3

Features

Levels: One
Exterior features: Comn Outsid Ent

Lot

Size: 2.57 Acres

Details

Parcel number: 0006924

Construction

Type & style

Home type: MultiFamily
Architectural style: Other
Property subtype: Apartment

Materials

Brick
Roof: Fiberglass

Condition

Year built: 1978

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: One Meter, Separate Meters

Community & HOA

Community

Security: Fire Sprinkler System, Fire Alarm

Location

Region: Laurel

Financial & listing details

Price per square foot: $11,667/sqft
Price range: $350K - $350K
Date on market: 9/15/2025
Cumulative days on market: 299 days
Tenant pays: None

Estimated market value

Not available

Estimated sales range

Not available

$940/mo

Price history

Date	Event	Price
5/13/2026	Price change	$350,000-36.4%$11,667/sqft
Source: Norfolk BOR #250670 Report a problem
3/31/2026	Price change	$550,000-8.3%$18,333/sqft
Source: Norfolk BOR #250670 Report a problem
9/15/2025	Listed for sale	$600,000$20,000/sqft
Source: Norfolk BOR #250670 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.

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