Brad Ulrich

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Listing provided courtesy of Woods Bros Realty- MLS# 22517485MLS Provider

345 N 23rd StreetLincoln, NE 68503

Vacant Land
$292,640 PENDING

345 N 23rd Street Overview

Time on Site:
369 days
Visits:
23

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.

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345 N 23rd Street Facts & Features

  • Type Vacant Land

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Lincoln
  • Elementary School: Elliott
  • Middle Or Junior School: Lefler
  • High School: Lincoln High

Building Information

  • Habitable Residence: Yes

Business Information

  • Current Use: Other

Location/Region

  • Country: US
  • County Or Parish: Lancaster
  • MLS Area Major: Lancaster
  • Subdivision Name: Antelope Square

Rent/Lease Information

  • Land Lease: No

Tax Information

  • Tax Annual Amount: $0.00
  • Tax Year: 2024

General Information

  • Listing Terms: Conventional,Cash
  • Ownership: Fee Simple
  • Parcel Number: 1024243015000
  • Property Sub Type: Unimproved Land
  • Property Type: Land

Interior

Building Interior

  • Building Area Units: Square Feet

General Information

  • Living Area Units: Square Feet

Exterior

Lot Information

  • Lot Features: Under 1/4 Acre, City Lot, Corner Lot, Curb and Gutter, Curb Cut, Level
  • Lot Size Dimensions: 70.13 x 142016
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • Road Surface Type: Asphalt
  • Water Source: Public

General Information

  • Electric On Property: Yes
  • Fencing: None
  • Road Frontage Type: City Street
  • Sewer: Public Sewer
  • Utilities: Electricity Available,Natural Gas Available,Water Available,Sewer Available,Storm Sewer,Phone Available,Fiber Optic,Cable Available

345 N 23rd Street Neighborhood

Community

68503 (Lincoln) Demographics

27
Median Age
5,199
Population Density (per sq. mile)
43%
College Educated
$37,388
Estimated Median Income
2,285
Estimated Total Home Owners
4,058
Estimated Total Renters
36% / 64%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

345 N 23rd Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

345 N 23rd Street Market Data

Based on the last 30 days in this zip code

$248,663
Average List Price
$137
Average Price per Square Foot
10
Properties Sold
39
Average Days on Market
41
Properties for Sale
Calculations provided by Reliance Network

345 N 23rd Street History

Date Event Value Agent
3/12/2026Source: Great Plains MLS Status Change
PENDING
11/7/2025Source: Great Plains MLS Price Reduction
$292,640 -7.7%
6/29/2025Source: Great Plains MLS Status Change
ACTIVE
6/25/2025Source: Great Plains MLS Added to Database
June 25, 2025