Call For Offers-Downtown Office Building

Office for Sale
Sale Pending
Catylist Listing ID: 30567338
Property Subtypes: Office Building
Status: Pending
Building Size (RSF): 44,641 SF
Sale Price: $2,700,000
Unit Price: $60.48 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Class of Space: Class B
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 6/18/2020

Overview / Comments

Call For Offers for historic downtown office building. This building was constructed in 1907 by the Lincoln architects Fiske & Dieman. Then in 1936 the building was remodeled for Lincoln Liberty Life Insurance Co. which included the addition of a 6th story with windowless, Art Deco limestone facades. In 1987 a federally certified historic rehabilitation was undertaken, at which time the building was listed on the National Register of Historic Places. At this time Lincoln Electric Systems was a tenant in the building but later, in 1993, purchased the building. As a registered building on the National Register of Historic Places the LES building is eligible for Nebraska tax incentives.
The LES property is located within the long-established Lincoln Center Redevelopment Area. The surrounding area was declared blighted and substandard in 1985 which facilitated many redevelopment projects in this area.

Call For Offers ends March 5, 2020 5:00 p.m CST

Additional Details

Nearest MSA: Lincoln
County: Lancaster
Tax ID/APN: 1023430008000
Zoning: B-4
Property Visibility: Excellent
Parking Description: Street and public garage parking

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,565 118,323 236,323
Median Age: 26.61 30.91 34.06
Households: 8,726 47,396 95,431


Photograph of Listing Agent

Chris J Vasek

NAI FMA Realty MRCIE Member
Photograph of Listing Agent

Mattison Wenzl

NAI FMA Realty MRCIE Member
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