$350,000
$250K PRICE DROP

702 Cedar Ave Laurel, NE 68745

Estimated payment $2,245/month

Total Views 28,260
27 Beds
35 Baths
1,978 Sq Ft
$177 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

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Property History

Date Event Price List to Sale Price per Sq Ft
05/13/2026 05/13/26 Price Changed $350,000 -36.4% $177 / 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

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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

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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

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.

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Tami White
Tami White
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Berkshire Hathaway Home Services Amb RE Norfolk
(402) 645-4126
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