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121 & 125 E 31st Street

Kearney, NE 68847
  • $879,900
  • STATUS: Active
  • ON SITE: 6 Days
  • MLS #: 20260997
New On Site 6 Days Ago
UPDATED: 44 min ago
$879,900
  • 0
    BEDS
  • 0
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS

School Ratings & Info

Description

The asset is secured by 2 multiple-year leases with regular rent increases, offering investors stable, growing income with minimal ownership responsibilities. The property benefits from being a professional office building whose Tenants are a pediatric dentistry and an insurance brokerage. This investment opportunity is well-suited for buyers seeking predictable income, low management intensity, and stable real estate returns. Investment Highlights: • Current cap rate: 6.02% - with current property management • Pro-forma cap rate: 6.83% - if self-managed • Passive, Management-Light Ownership • All internal utilities are Tenant’s responsibility • Includes 3 private parking lots • Dedicated monument sign along 31st Street • Has been professionally managed by Century 21-Midlands Property Management for many years • Full due diligence including property management annual income and expense statement available

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© 2026 REALTORS® of Greater Mid-Nebraska. 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 Rooted Realty Group. Data last updated: 2026-07-14T23:36:40.92.
www.rootedrealtyne.com/homes/178588748
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121 & 125 E 31st Street Kearney, NE 68847

  • Price: $879,900
  • Status: Active
  • On Site: 6 Days
  • Updated: 44 min ago
  • MLS #: 20260997
0
Beds
0
Baths
0
½ Baths
0
Acres
Neighborhood:
2 - Ne in Town Kearney (N Of 25th St & E Of 2nd Ave)
Area:
2 - Ne in Town Kearney (N Of 25th St & E Of 2nd Ave)
Property Description
The asset is secured by 2 multiple-year leases with regular rent increases, offering investors stable, growing income with minimal ownership responsibilities. The property benefits from being a professional office building whose Tenants are a pediatric dentistry and an insurance brokerage. This investment opportunity is well-suited for buyers seeking predictable income, low management intensity, and stable real estate returns. Investment Highlights: • Current cap rate: 6.02% - with current property management • Pro-forma cap rate: 6.83% - if self-managed • Passive, Management-Light Ownership • All internal utilities are Tenant’s responsibility • Includes 3 private parking lots • Dedicated monument sign along 31st Street • Has been professionally managed by Century 21-Midlands Property Management for many years • Full due diligence including property management annual income and expense statement available
Exterior Features

Construction Frame Foundation Full Basement Parking Parking SpaceParking AreaParking GarageConcretePaved Parking Capacity 20-50 Roof PitchAsphalt

Interior Features

Building Sq Ft 6054 Ceiling Height 8-10 feet Cooling Central Air Floors Part CarpetVinylOther Heat Type Electric Office Sq Ft 6054 Overhead Door Height N/A Overhead Doors None Rentable Sq Ft 6054 Total Sq Feet Range 5001-7500

Property Features

Bank Owned No Docks None Flood Insurance No Foreclosure No Location Free StandingCorner LotOther Miscellaneous Electric Hot Water HeaterTenant Pays UtilitiesInside StorageDisplay WindowSprinkler SystemUtility SeparateUtility Master Present Use Office Restricted Covenant Call Listing Office Sale Rent For Sale Short Sale No Tax Year 2025 Taxes 14882.44 Type OFFICE Utilities Available ElectricGasCity WaterCity Sewer Utilities Paid By Owner Water Utilities Paid By Renter GasElectricityWaterGarbageCableApplies All Zoning C-O

Listing information © 2026 REALTORS® of Greater Mid-Nebraska.
Listing provided courtesy of Brandon Benitz of C21 Midlands.



© 2026 REALTORS® of Greater Mid-Nebraska. 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 Rooted Realty Group. Data last updated: 2026-07-14T23:36:40.92.
 
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Rooted Realty Group
2005 Central Avenue
Kearney NE, 68847