Serving proudly since 1873 as the beautiful Nebraska Panhandle's first newspaper
Serving proudly since 1873 as the beautiful Nebraska Panhandle's first newspaper
A small group of western Nebraska investors is making plans to re-open a former retail space most recently used as offices for Cabela’s.
It’s been a while since the small strip of offices at 601 Glover Drive has had much traffic to speak of, but most recently it held offices of Cabela’s Ventures and related offshoots.
The building housing the former offices was recently purchased by 59 Properties, LLC, which plans to again use the space for retail or commercial uses. County records show the $1 million purchase was made in December.
The building was originally built in 2001, housing three tenants: Corral West Ranchwear, Crafty Corner, and Quizno’s Subs. Cabela’s later purchased the building for office space. That space was later consolidated to other buildings when Cabela’s began to change its business plan, and the space became unused.
When asked why the group chose to invest in the space, Matt Monheiser, spokesman for 59 Properties, LLC, said the group felt Sidney’s current business climate has a lot to offer.
“Sidney has something going for it has not had in the past 20 years, an economy that is diversified and affordable housing,” Monheiser said. “If you look at the situation from the past where Sidney was it looks devastating, but when you analyze the basic fundamentals of Sidney, the town offers tremendous opportunity.”
The group likes the location for its visibility from I-80, multiple hotels, proximity to Cabela’s Retail, and the good traffic counts in the east interchange area.
The group is preparing to make improvements and changes to the building’s exterior with a new color scheme. The building itself has approximately 20,000 square feet of space, plus an additional 2,000 square feet in a mezzanine. The building will be able to be subdivided into as little 2,000 square foot sections that can be used for retail or commercial space.
While the building’s availability has not been advertised until this week, the group has already secured its first tenant. Wireless World, a Verizon authorized retailer, is scheduled to occupy the first space by May 1. Monheiser said the group hopes to have the building fully occupied by year’s end.
Monheiser said the property will be listed on the commercial real estate Website Loopnet. He said there has already been interest from national franchise businesses to the local business looking to expand.
Anyone interested in leasing space can call Monheiser at 308-250-1026, or Chris Lechman at 520-307-3692.
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