Commercial > Specialty
Active
03/01/2025
List Price
$650,000$276/ft²
501 Madison St
Lexington, NE 68850
- -Bed
- 2Baths
- 2,358ft²Living Area
- -Lot Size
- -Pool
- -Car
- 1978Year Built
- 150DOM
- -Permit
501 Madison St, Lexington, NE 68850 is a 2 bath, 2,358 ft² commercial specialty property property built in 1978 . This commercial specialty property is currently for sale for $650,000.
MLS Description
The listing agent's description. Original Listing
This unique commercial offering includes two adjacent properties in a high-visibility location just off of Highway 30 in Lexington, Nebraska. This is an excellent opportunity for a restaurant, retail, or redevelopment project. 501 N. Madison St. This property features a 2,358-square-foot commercial building on an approximately 20,000-square-foot lot. Currently operating as a restaurant, the space includes commercial kitchen and dining space. All branded inventory, equipment and signage will be removed prior to transfer. 309 W. 5th St. Adjacent to the restaurant property, this 1,436-square-foot, two-story Craftsman-style home, sits on an approximately 10,500-square-foot lot. This property is offering the potential for renovation or redevelopment. Together, these properties provide a versatile investment opportunity in a prime location. Whether continuing as a restaurant, repurposing for a different business use, or considering redevelopment, this offering presents significant potential.
Listing Agents
The listing agent for 501 Madison St is Clay Patton.
CP
Clay Patton
Marshall Land Brokers and Auctioneers
Phone: (308) 234-6266
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2024$4,406.74From latest Total Assessed Value1.25%Total Assessed Value$351,452=Land+
Assessed Value$38,602Additions
Assessed Value$312,850
In 2024, taxes billed for 501 Madison St were $4,406.74, which is 1.25% from latest Total Assessed Value of $351,452.
Property History
501 Madison St has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 501 Madison St
Hazard Risks
Hail167Particulates124Tornado110Nat'l Avg100Air Pollution93Ozone92Lead79Carb Mono73Weather55Wind40Earthquake20Hurricane0
11 hazards (Carbon Monoxide, Earthquake Risk, Hail Index, Tornado Index, Air Pollution Index, Ozone Index, Wind Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 501 Madison St.
Walkability Index
13 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
501 Madison St has a walkability score of 13 out of 20, which means that it is in a somewhat walkable area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
15°F
High
39°F
Summer
Average
Low
60°F
High
86°F
In the winter at 501 Madison St, temperatures range from 14.52°F to 39.26°F with an average of 26.89°F. In the summer, the temperature ranges from 59.52°F to 85.86°F with and average of 72.69°F.
School Information
Public/private schools serving 501 Madison St
Public Schools
Lexington High School
Grades: 9-12
0.71 mi
D+
Lexington Middle School
Grades: 6-8
0.50 mi
D+
Sandoz Elementary School
Grades: 2-3
1.14 mi
D+
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 501 Madison St have ratings undefined, undefined, and undefined.
Neighborhood
This property is located in Lexington.
Seasonal Housing units 68850
23%of housing is for seasonal rent.
Daytime Population for 68850
-3%of people during work hours.
Crime Index for 68850
100
100
The crime index in 68850 is 100, which is 1.0 times lower than national average.
Market Trends
Historical market data near 501 Madison St over selected time period.
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