1620 Prospect St, Lincoln, NE 68502 Property Records

Lancaster County property record for 1620 Prospect St, Lincoln, NE 68502

Property Summary

Property Type	Commercial
Details	2,192 sqft · built 1990
Lot Size	0.165 acres (7,195 sqft)
Owner	2 Individual Names on File
Last Sale	$460,000 (Apr 2025)
Tax Bill	$5,192 (2025)
Deeds & Mortgages	Apr 2022 Line of Credit Apr 2025 Sale & Mortgage
Flood Zone	Zone X (minimal risk)
APN	`10-36-117-008-000`

Property Details

APN / Parcel Number

Primary APN	`10-36-117-008-000`
Alternative APN	`38955`

Interior

Units	8 Units
Stories	2 Stories
Building Area	2,192 sqft Gross Area

Exterior

Year Built	Built 1990
Effective Year Built	Effective 1990
Exterior Material	Brick Veneer
Construction Type	Brick
Lot Area	7,195 sqft (0.165 acres)
Lot Dimensions	140 ft deep x 50 ft wide

Utilities, Heating & Cooling

Cooling System	Refrigeration
Heating System	Forced Air with A/C

Location & Zoning

Street Address	1620 PROSPECT ST
City	LINCOLN
State	NE
Zip	68502-2600
Property Category	Commercial
Property Type	Commercial > Retail
Local Zoning Code	R5
Legal Description	BURRS (C C) SUBDIVISION, BLOCK 7, LOT 11
Legal Subdivision	BURRS
Legal Block	7
Legal Lot Number	11
Jurisdiction	LANCASTER NE
Township / Civil Division	LINCOLN
Census Block Group	1
Census Block	1009
Census Tract	2200

Owner

1620 Prospect St, a commercial property, is owned by two individuals who bought it in April 2025.

Source: Lancaster County records, as of June 16, 2026

Owner of Record	2 Individual Names on File
Mailing Address	1620 PROSPECT ST, LINCOLN, NE 68502-2600
Owner Type	Individual
Vesting	Married

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Date	Document
Apr 26, 2022	Deed of Trust, Mortgage · Line of Credit MADISON COUNTY BANK
Apr 30, 2025	Warranty Deed, Transfer · Conventional Mortgage US BANK NA

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Apr 30, 2025 · Amount on File
Deed Sale	Apr 30, 2025 · Amount on File
Prior Sale	Apr 26, 2022 · Amount on File
Deed Document Number	202512829
Record Updated	Sep 20, 2026

April 2022: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	LANCASTER NE
Property Address	1620 PROSPECT ST, LINCOLN, NE 68502-2600
Transaction Type	Mortgage
Record Updated	Oct 2, 2025

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000018233
Date	Apr 26, 2022
Instrument	2022018233

Lender

Name	MADISON COUNTY BANK
Type	Bank
Address	68709

Agreement

Type	Line of Credit
Amount	Amount on Record

April 2025: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	LANCASTER NE
Recording Date	Apr 30, 2025
Property Address	1620 PROSPECT ST, LINCOLN, NE 68502-2600
Document Number	0000012829
Instrument Date	Apr 8, 2025
Instrument	2025012829
Transaction Type	Transfer
Record Updated	Oct 2, 2025
Title Company	HOMESERVICES TITLE

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$1,035.00
Amount Accuracy	Calculated from Transfer Tax
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000012830
Date	Apr 30, 2025
Instrument	2025012830

Lender

Name	US BANK NA
Type	Bank

Agreement

Type	Conventional Mortgage
Amount	Amount on Record
Term	361 Months
Due	May 1, 2055

Tax Assessment & Valuation

The 2025 property tax bill for 1620 Prospect St was $5,192.

Source: Lancaster County assessment roll, as of October 13, 2025

Property Jurisdictions

Type	Name
State	Nebraska
County	Lancaster County
Municipality	Lincoln City
Unified School District	Lincoln Public Schools (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$5,192.00	$404,100 Land $28,800 Building $375,300	$404,100 Land $28,800 Building $375,300
2023	$6,771.00	$404,000 Land $32,000 Building $372,000	$404,000 Land $32,000 Building $372,000

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 1620 Prospect St in Zone X, an area of minimal flood risk.

Source: FEMA National Flood Hazard Layer, effective September 15, 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

The area around 1620 Prospect St has no burnable land within ember reach, so its wildfire risk is not rated.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Not rated no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	CITY OF LINCOLN serves 296,000 people · EPA ID NE3110926
Water Source	Groundwater influenced by surface water
Last State Inspection	Aug 2024
Lead	5 ppb (2023–2025) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 751 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Allo Communications Fiber	2,300 / 2,300
Windstream Fiber · DSL in parts of the area	2,000 / 2,000
Spectrum Cable	1,000 / 1,000
Verizon Fixed Wireless	300 / 20
T-Mobile Fixed Wireless	100 / 20
AT&T Fixed Wireless	100 / 20

May also be available: Nextlink.

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