About This Home

This 0-bedroom, 0-bathroom commercial at 505 N Dewey in North Platte, NE is listed for $1,800,000 ($306 per sqft). Built in 1925, the home offers 5,880 sqft of living space on a N/A lot.

Key Features

  • Built in 1925

Property Details

1925
Listing Description

An incredible turnkey business opportunity in the heart of downtown North Platte! The Cedar Room is an established restaurant and lounge that has been featured on Americas Best Restaurants and recognized as the #1 independently owned steakhouse! Known for its outstanding dining experience and inviting atmosphere, The Cedar Room offers a unique comb

ination of character and charm with beautiful hardwood floors, copper ceilings, cedar accents, and rustic finishes throughout. The business is being sold complete with all inventory and equipment, offering an exceptional opportunity to step into an established restaurant with the essentials already in place.

As an added bonus, the property features six upstairs residential units, providing additional income potential. These include four studio apartments, two with walk-in showers and two with bathtubs, all without kitchens, along with one three-bedroom, two-bath apartment with full kitchen.

Whether youre an experienced restaurant owner or an entrepreneur looking for your next venture, this is a rare opportunity to own a recognized dining establishment in downtown North Platte. A turnkey business with additional income potential, all in one location! Legal Description: Lots 9 and 10, Beltons Subdivision of Lots 5 and 6, Block 114, of the Original Town of North Platte, Lincoln County, Nebraska. Taxes: $363.26 Address: 505 N. Dewey St., North Platte, NE 69101 County: Lincoln

Monthly Cost Estimate

$9,627/mo

20% down · 6.5% · 30 years

Principal$1,302
Interest$7,800
Insurance$525

Estimates only. Actual payments may vary.

Location

505 N Dewey

North Platte, NE 69101

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 505 N Dewey is listed at $1,800,000 ($306/sqft). The estimated monthly payment is $9,627 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1925.

This property is listed by Tami Timmerman-Lashley.

TT

Tami Timmerman-Lashley

Agent at Lashley Land and Recreational Brokers

Listed by Lashley Land and Recreational Brokers · Broker phone: 308-532-9300 · Broker website

MLS# 12040207· Source: My State MLS· 3 days on PropertySimple

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

505 N Dewey, North Platte, NE 69101

Open this listing in: