# 505 N Dewey, North Platte, NE 69101 > **TL;DR:** commercial, $1,800,000 ($306/sqft), built 1925, 5,880 sqft. Est. $9,627/mo. Listed 6 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $1,800,000 | | Price/sqft | $306 | | Square Feet | 5,880 | | Year Built | 1925 | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 6 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $9,102 | | Estimated Insurance | $525 | | **Total** | **$9,627** | ## Property Highlights - Built in 1925 ## Description ### Agent 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 combination 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 ## Location - **Address:** 505 N Dewey, North Platte, NE 69101 - **County:** Lincoln - **Coordinates:** 41.137603, -100.7616 - **Google Maps:** https://www.google.com/maps?q=41.137603,-100.7616 ## Listing Agent - **Name:** Tami Timmerman-Lashley - **Brokerage:** Lashley Land and Recreational Brokers - **Broker Phone:** 308-532-9300 ## Photos ![505 N Dewey - Photo 1](http://lh.rdcpix.com/573e6b1bfb5d802b0d16ec1a1d233dbel-f1537606198r.jpg) ![505 N Dewey - Photo 2](http://lh.rdcpix.com/573e6b1bfb5d802b0d16ec1a1d233dbel-f695990840r.jpg) ![505 N Dewey - Photo 3](http://lh.rdcpix.com/573e6b1bfb5d802b0d16ec1a1d233dbel-f3523247037r.jpg) ![505 N Dewey - Photo 4](http://lh.rdcpix.com/573e6b1bfb5d802b0d16ec1a1d233dbel-f2265398687r.jpg) ![505 N Dewey - Photo 5](http://lh.rdcpix.com/573e6b1bfb5d802b0d16ec1a1d233dbel-f762801432r.jpg) ![505 N Dewey - Photo 6](http://lh.rdcpix.com/573e6b1bfb5d802b0d16ec1a1d233dbel-f2530184344r.jpg) ![505 N Dewey - Photo 7](http://lh.rdcpix.com/573e6b1bfb5d802b0d16ec1a1d233dbel-f2663476299r.jpg) ![505 N Dewey - Photo 8](http://lh.rdcpix.com/573e6b1bfb5d802b0d16ec1a1d233dbel-f997434641r.jpg) ![505 N Dewey - Photo 9](http://lh.rdcpix.com/573e6b1bfb5d802b0d16ec1a1d233dbel-f1476220570r.jpg) ![505 N Dewey - Photo 10](http://lh.rdcpix.com/573e6b1bfb5d802b0d16ec1a1d233dbel-f3609194270r.jpg) ![505 N Dewey - Photo 11](http://lh.rdcpix.com/573e6b1bfb5d802b0d16ec1a1d233dbel-f1804207811r.jpg) ![505 N Dewey - Photo 12](http://lh.rdcpix.com/573e6b1bfb5d802b0d16ec1a1d233dbel-f4038029731r.jpg) ![505 N Dewey - Photo 13](http://lh.rdcpix.com/573e6b1bfb5d802b0d16ec1a1d233dbel-f3009598236r.jpg) ![505 N Dewey - Photo 14](http://lh.rdcpix.com/573e6b1bfb5d802b0d16ec1a1d233dbel-f3179663793r.jpg) ![505 N Dewey - Photo 15](http://lh.rdcpix.com/573e6b1bfb5d802b0d16ec1a1d233dbel-f1779084232r.jpg) ![505 N Dewey - Photo 16](http://lh.rdcpix.com/573e6b1bfb5d802b0d16ec1a1d233dbel-f2773026735r.jpg) ![505 N Dewey - Photo 17](http://lh.rdcpix.com/573e6b1bfb5d802b0d16ec1a1d233dbel-f3312965413r.jpg) ![505 N Dewey - Photo 18](http://lh.rdcpix.com/573e6b1bfb5d802b0d16ec1a1d233dbel-f1083108234r.jpg) ![505 N Dewey - Photo 19](http://lh.rdcpix.com/573e6b1bfb5d802b0d16ec1a1d233dbel-f4092885684r.jpg) ![505 N Dewey - Photo 20](http://lh.rdcpix.com/573e6b1bfb5d802b0d16ec1a1d233dbel-f1136057883r.jpg) ![505 N Dewey - Photo 21](http://lh.rdcpix.com/573e6b1bfb5d802b0d16ec1a1d233dbel-f1400455354r.jpg) ![505 N Dewey - Photo 22](http://lh.rdcpix.com/573e6b1bfb5d802b0d16ec1a1d233dbel-f1653544567r.jpg) ![505 N Dewey - Photo 23](http://lh.rdcpix.com/573e6b1bfb5d802b0d16ec1a1d233dbel-f3389265067r.jpg) ![505 N Dewey - Photo 24](http://lh.rdcpix.com/573e6b1bfb5d802b0d16ec1a1d233dbel-f4013787261r.jpg) ![505 N Dewey - Photo 25](http://lh.rdcpix.com/573e6b1bfb5d802b0d16ec1a1d233dbel-f180850077r.jpg) ![505 N Dewey - Photo 26](http://lh.rdcpix.com/573e6b1bfb5d802b0d16ec1a1d233dbel-f4060921411r.jpg) ![505 N Dewey - Photo 27](http://lh.rdcpix.com/573e6b1bfb5d802b0d16ec1a1d233dbel-f1590183316r.jpg) ![505 N Dewey - Photo 28](http://lh.rdcpix.com/573e6b1bfb5d802b0d16ec1a1d233dbel-f1465289689r.jpg) ![505 N Dewey - Photo 29](http://lh.rdcpix.com/573e6b1bfb5d802b0d16ec1a1d233dbel-f3422984519r.jpg) ![505 N Dewey - Photo 30](http://lh.rdcpix.com/573e6b1bfb5d802b0d16ec1a1d233dbel-f972341307r.jpg) ![505 N Dewey - Photo 31](http://lh.rdcpix.com/573e6b1bfb5d802b0d16ec1a1d233dbel-f670080627r.jpg) ![505 N Dewey - Photo 32](http://lh.rdcpix.com/573e6b1bfb5d802b0d16ec1a1d233dbel-f355783093r.jpg) ![505 N Dewey - Photo 33](http://lh.rdcpix.com/573e6b1bfb5d802b0d16ec1a1d233dbel-f3421009757r.jpg) ![505 N Dewey - Photo 34](http://lh.rdcpix.com/573e6b1bfb5d802b0d16ec1a1d233dbel-f1717684162r.jpg) --- **MLS#:** 12040207 | **Updated:** 2026-10-23 **Source:** listhub *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.* [View on PropertySimple](https://staging.propertysimple.ai/listing/505-n-dewey-north-platte-ne-69101-c093f8d2f3494e30992c685b8f72ad08) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/505-n-dewey-north-platte-ne-69101-c093f8d2f3494e30992c685b8f72ad08#listing", "url": "https://staging.propertysimple.ai/listing/505-n-dewey-north-platte-ne-69101-c093f8d2f3494e30992c685b8f72ad08", "name": "505 N Dewey, North Platte, NE 69101", "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 combination 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! 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