702 Cedar Ave, Laurel, NE, 68745
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.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1978
Materials
- Roof: Fiberglass
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Architectural style: Other
- Property subType: Apartment
Interior
Appliances
- Appliances included: None,Common Wtr Htr,Common Water Sftnr
Bedrooms & Bathrooms
- Bedrooms: 27
- Bathrooms: 35
Features
- Window features: Drapes
- Flooring: Carpet
Heating & Cooling
- Heating features: Common Heat
- Cooling features: Individual Air,Comn Air Cond
Interior Area
- Total structure area: 30
- Total interior livable area: 30 sqft
Property
Details
- Parcel number: 0006924
Features
- Levels: One
- Exterior features: Comn Outsid Ent
Lot
- Lot size: 2.57 Acres
Parking
- Total spaces: 3
- Parking features: Other
- Has garage: Yes
- Attached garage spaces: 3
- Covered spaces: 3
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hail
- Strong Wind
- Tornado
- Winter Weather
- Cold Wave
- Drought
- Inland Flooding
- Ice Storm
- Lightning
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters Across Nebraska Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,769 | $21,228 |
| Home Insurance | $558 | $6,696 |
| Property Taxes | $300 | $3,600 |
| Electricity | $124 | $1,493 |
| Total | $2,751 | $33,012 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-13 | Price change | $350,000 |
| 2026-03-31 | Price change | $550,000 |
| 2025-09-15 | Listed for sale | $600,000 |
For Sale by Agent
View on Zillow