$550,000
$50K PRICE DROP

702 Cedar Ave Laurel, NE 68745

Estimated payment $3,513/month

Total Views 24,034
27 Beds
35 Baths
1,978 Sq Ft
$278 Price per Sq Ft

About This Home

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.

Listing Agent

Tami White

Berkshire Hathaway Home Services Amb RE Norfolk License #20160520 Listed on: 09/15/2025

Berkshire Hathaway Home Services Amb RE Norfolk

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Parking

  • 3 Car Garage

Home Design

  • Brick Exterior Construction

Additional Features

  • 27 Bedrooms
  • 2.57 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 0006924

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

2.57 Acres

Listing Details

  • Class: MULTI-FAMILY
  • Style: Other
  • Miscellaneous: Separate Meters, Common Wtr Htr, Common Heat, Individual Air, Comn Air Cond, Common Water Sftnr
  • Safety Features: Sprinkler Systm, Fire Alarm
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: None
  • Bedrooms: 27
  • Bathrooms: 35
  • Has Basement: No
  • Stories: One
  • Square Footage: 30,109
  • Unit Features: Carpet, Drapes, Comn Outsid Ent, Comn Util Room

Exterior Features

  • Construction: Brick
  • Roof: Fiberglass

Garage/Parking

  • Garage Capacity: 3
  • Garage Type: Other
  • Utilities Paid By Owner: Gas, Electric, Water, Garbage
  • Utilities Paid By Renter: None
  • Water And Sewer: City Water, City Sewer

Utilities

  • Utilities: One Meter

Lot Info

  • Lot Size: 2.57 Acres
  • Number Of Acres: 2.57
  • Parcel #: 0006924

Building Info

  • Year Built: 1978

Tax Info

  • Year: 2024

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2026 03/31/26 Price Changed $550,000 -8.3% $278 / Sq Ft
09/15/2025 09/15/25 For Sale $600,000 -- $303 / Sq Ft
Source: Norfolk Board of REALTORS®

About the Listing Agent

Tami White
Tami White

Berkshire Hathaway Home Services Amb RE Norfolk

(402) 645-4126

Section Image

Tami White is a family-oriented REALTOR with expertise in the Northeast Nebraska area. Working for Berkshire Hathaway HomeServices Ambassador Real Estate is a prestigious position that helps you and your listing or buying options by having the best name in real estate behind you! Call today!

View Tami's Profile

Tami's Other Listings

  • 4.5 Acres 552nd Ave, Pierce, NE 68767

    $77,500

    • Land
    • 4.5 Acres
    • $17,222 per Acre
    • 4.5 Acres 552nd Ave
    • Pierce, NE

    Discover the perfect blend of space and serenity with this 4.5-acre lot. Nestled in the peaceful countryside, this property offers endless possibilities. Whether you’re dreaming of building your custom home, starting a hobby farm, or simply enjoying wide open space surrounded by nature, this land is perfect for you! No Restrictive Covenants.

    Tami White Berkshire Hathaway Home Services Amb RE Norfolk

    Section Image
  • 54924 W Willow St, Pierce, NE 68767

    $65,000

    • Land
    • 1.3 Acres
    • $50,000 per Acre
    • 54924 W Willow St
    • Pierce, NE

    Build your dream home on this spacious 1.30-acre lot located in a desirable neighborhood in Pierce! Offering the perfect blend of small-town charm and modern convenience, this property is ready for your vision. City water and city sewer are already available, making the building process even easier. A sandpoint well provides an added bonus for lawn care and outdoor watering, helping you maintain

    Tami White Berkshire Hathaway Home Services Amb RE Norfolk

    Section Image
  • 17.51 Acres 853rd Rd, Pierce, NE 68767

    $150,000

    • Land
    • 17.51 Acres
    • $8,567 per Acre
    • 17.51 Acres 853rd Rd
    • Pierce, NE

    What could you do with over 17 Acres less than a mile from Pierce? How about just haying it as it currently is? Using it for pasture or planting crops? At one time the Northmost couple acres was approved to put storage units, the land is even ready for one of the buildings. Or maybe you want all of this land to build your dream home and have the space all to yourself. In this space one could dig

    Tami White Berkshire Hathaway Home Services Amb RE Norfolk

    Section Image
  • 609 W Omaha St, Crofton, NE 68730

    $315,000 Pending

    • 4 Beds
    • 3 Baths
    • 2,320 Sq Ft
    • 609 W Omaha St
    • Crofton, NE

    Welcome to this 4 bed, 3 bath home that offers comfortable living with plenty of natural light throughout. This all-electric home provides efficient living while maintaining comfort year-round. The main level includes a bright living area, centrally located laundry, and a bathroom featuring a spacious jacuzzi tub. The kitchen is equipped with modern appliances, making meal prep simple and

    Tami White Berkshire Hathaway Home Services Amb RE Norfolk

    Section Image
  • 0.26 acres Dopheides Subdivision Lot 3, Norfolk, NE 68701

    $1,000,000

    • Land
    • 0.26 Acre
    • $3,846,154 per Acre
    • 0.26 acres Dopheides Subdivision Lot 3
    • Norfolk, NE

    This 0.26-acre parcel adds valuable flexibility and opportunity to an already versatile property package. Whether you’re looking for additional parking, storage, future building potential, or room to expand, this lot offers space to fit a variety of needs. This parcel is part of a four-parcel offering that includes a spacious office building, a large shop/garage, and a house, creating a unique

    Tami White Berkshire Hathaway Home Services Amb RE Norfolk

    Section Image
  • 919 S Pine St, Norfolk, NE 68701

    $1,000,000

    • 4 Beds
    • 2 Baths
    • 1,491 Sq Ft
    • 919 S Pine St
    • Norfolk, NE

    This 4-bedroom, 2-bathroom home is full of character and charm, offering comfortable living space with plenty of personality. The true value of this property lies in the four included parcels that create a unique and versatile opportunity. The property features a spacious office building ideal for running a business, generating rental income, or creating a dedicated workspace. You’ll also find a

    Tami White Berkshire Hathaway Home Services Amb RE Norfolk

    Section Image
  • 801 S 4th St, Norfolk, NE 68701

    $159,713

    • 2 Beds
    • 1 Bath
    • 962 Sq Ft
    • 801 S 4th St
    • Norfolk, NE

    Welcome to this inviting 2-bedroom, 1-bath home that blends comfort and character throughout. The bright and spacious dining room is perfect for everyday meals or hosting guests, while the conveniently located off-kitchen laundry adds ease to your daily routine. One of the home’s standout features is the set of gorgeous French doors leading into a generously sized bedroom, creating an elegant and

    Tami White Berkshire Hathaway Home Services Amb RE Norfolk

    Section Image
  • 108 N Plum St, Plainview, NE 68769

    $120,000 Pending

    • 4 Beds
    • 2 Baths
    • 1,733 Sq Ft
    • 108 N Plum St
    • Plainview, NE

    PARCELS 700007518 AND 700007576

    Tami White Berkshire Hathaway Home Services Amb RE Norfolk

    Section Image
  • 856 S 4th St, Meadow Grove, NE 68752

    $200,000 Pending

    • 3 Beds
    • 3 Baths
    • 2,614 Sq Ft
    • 856 S 4th St
    • Meadow Grove, NE

    Welcome to this charming cottage-style home tucked away in the heart of a small town, a true Hallmark Home where country living meets community. This 3 bedroom, 3 bathroom home is full of character and warmth at every turn. You’ll fall in love with the beautiful built-ins, warm details, and inviting spaces throughout. Enjoy peaceful mornings in the sunroom or unwind in the screened-in porch

    Tami White Berkshire Hathaway Home Services Amb RE Norfolk

    Section Image

Source: Norfolk Board of REALTORS®

MLS Number: 250670

Norfolk Board of REALTORS®

APN: 6924.00

Nebraska Cedar County Laurel 68745

702 Cedar Ave, Laurel, NE

For Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Norfolk Board of REALTORS® IDX information is provided exclusively for 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 not guaranteed.

Nearby Homes
Tami White
Tami White
Listing Agent Section Image
Berkshire Hathaway Home Services Amb RE Norfolk
(402) 645-4126
Your Personal Tour Guide

Ask me questions while you tour the home.