#1 • 105.96 Acres of Industrial Land & Buildings – Absolute No Reserve Real Estate Auction – Norfolk, NE
Part of 105.96 Acres of Industrial Land & Buildings – Absolute No Reserve Real Estate Auction – Norfolk, NE (timed auction by Jack Nitz Auctions)
High bid $9,500.00
Status: Available
Live bidding starts Nov 6, 2026 10:00 AM CST
TREMENDOUS DEVELOPMENT POTENTIAL 105.96 ACRES OF INDUSTRIAL LAND & BUILDINGS SELLING ABSOLUTE–NO RESERVE SOLD BY THE ACRE LIVE & ONLINE VIRTUAL PUBLIC REAL ESTATE AUCTION FRIDAY, NOVEMBER 6, 2026 | 10:00 AM PROPERTY LOCATION: 1015 Magnet Drive, Norfolk, NE Located on the northeast corner of Norfolk near Northeast Community College AUCTION LOCATION: Divots Conference Center (4200 W. Norfolk Avenue, Norfolk, NE) REAL ESTATE OPEN HOUSE SATURDAY, OCTOBER 17, 2026 | 11:00 AM – 12:30 PM DEVELOPMENT POTENTIAL OPPORTUNITY best describes this outstanding 105.96-acre industrial property! Located on the northeast corner of the City of Norfolk & within sight of the Northeast Community College Campus, this property is ideally situated for a vast range of development possibilities. Access to the property is excellent, with paved access roads along the north, south & east boundaries along with railway frontage along the west boundary. The property also features City Water & Sewer Service, Natural Gas Service. If you are in the market for a large industrial property in Norfolk, Nebraska with tremendous development potential, excellent access, utilities already in place & a great location, DO NOT MISS THIS AUCTION! PROPERTY HIGHLIGHTS 105.96 Acres, More or Less Industrial Zoning according to Madison County Assessor information Excellent Development Potential Located on the Northeast Corner of Norfolk Near Northeast Community College Paved Access on the North, South & East Boundaries Railway Frontage Along the West Boundary City Water & Sewer Service Natural Gas Service 14,600 Total Sq. Ft. of Building Space Large Paved Parking Lot with Approximately 75 Parking Spaces SELLING ABSOLUTE – NO RESERVES OR MINIMUMS BUILDING INFORMATION The property includes approximately 14,600 total square feet of building space, consisting of approximately 9,600 sq. ft. & 5,000 sq. ft. Building features include: Full Concrete Floor Steel Interior & Exterior Construction Several Walk-In Doors Office Space Warehouse Space Men's & Women's Restroom Facilities Paved Parking Lot with Approximately 75-Car Capacity Plus More LEGAL DESCRIPTION A tract of 105.96 acres, more or less, Tract #1, Part of the Northeast 1/4 & Part of the East Half of the Northwest Quarter, all in Section 14, Township 24, Range 1, Madison County, Nebraska. ZONING Industrial – According to Madison County Assessor Information. 2025 REAL ESTATE TAXES $9,515.02 1031 TAX EXCHANGES 1031 Tax Exchanges are Welcome. TERMS OF THE AUCTION An Earnest Deposit of $250,000.00 will be required on Auction Day. The balance will be due on or before December 15, 2026. Title Insurance & Escrow Closing Fees will be divided equally between Buyer & Seller. Marketable Title Provided. Agents Represent Sellers. Sold by the Acre-106 x Money AUCTIONEER'S NOTE Make your plans now to attend this interesting auction! An opportunity like this does not come around very often, so be prepared to buy this outstanding property. The property is being sold at ABSOLUTE PUBLIC AUCTION with NO MINIMUMS OR RESERVES! Rarely do you have an opportunity to purchase 105.96 acres of industrial property with this much development potential, excellent access, railway frontage, utilities in place & substantial building space at public auction. For additional information, photos and/or a private tour of the facility, contact Jack Nitz & Associates at 402-727-8800 or call Jay Nitz directly at 402-720-2541. Refreshments will be served. V-150, LLC – SELLERS
