1641 Prospect St, Lincoln, NE 68502 Property Records

Lancaster County property record for 1641 Prospect St, Lincoln, NE 68502

Property Summary

Property Type	Commercial
Details	1,696 sqft · built 1964
Lot Size	0.161 acres (7,004 sqft)
Owner	Company Name on Record
Last Sale	$555,000 (Jun 2018)
Tax Bill	$4,876 (2025)
Deeds & Mortgages	Feb 2020 Line of Credit Jun 2018 Sale & Line of Credit
Flood Zone	Zone X (minimal risk)
APN	`10-36-120-002-000`

Property Details

APN / Parcel Number

Primary APN	`10-36-120-002-000`
Alternative APN	`38992`

Interior

Units	10 Units
Stories	2 Stories
Building Area	1,696 sqft Gross Area
Basement Area	864 sqft

Exterior

Year Built	Built 1964
Effective Year Built	Effective 1964
Exterior Material	Brick Veneer
Construction Type	Brick
Lot Area	7,004 sqft (0.161 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	1641 PROSPECT ST
City	LINCOLN
State	NE
Zip	68502-2648
Property Category	Commercial
Property Type	Commercial > Retail
Local Zoning Code	R5
Legal Description	BURRS (C C) SUBDIVISION, BLOCK 8, LOT 3
Legal Subdivision	BURRS
Legal Block	8
Legal Lot Number	3
Jurisdiction	LANCASTER NE
Township / Civil Division	LINCOLN
Census Block Group	1
Census Block	1014
Census Tract	2200

Owner

Source: Lancaster County records, as of July 20, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	PO BOX 6844, LINCOLN, NE 68506-0844
Owner Type	Company
Vesting	Company

Deeds, Mortgages & Sale History

Date	Document
Feb 10, 2020	Deed of Trust, Mortgage · Line of Credit FRONTIER BANK
Jun 1, 2018	Warranty Deed, Transfer · Line of Credit MADISON CNTY BK

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jun 1, 2018 · Amount on Record
Deed Sale	Jun 1, 2018 · Amount on Record
Deed Document Number	201820607
Record Updated	Sep 20, 2026

February 2020: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	LANCASTER NE
Property Address	1641 PROSPECT ST, LINCOLN, NE 68502-2648
Transaction Type	Mortgage
Record Updated	Feb 5, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000005997
Date	Feb 10, 2020
Instrument	2020005997

Lender

Name	FRONTIER BANK
Type	Bank
Address	LINCOLN, NE 68516

Agreement

Type	Line of Credit
Amount	Amount Recorded

Interest

Rate Type	Adjustable Rate

June 2018: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	LANCASTER NE
Recording Date	Jun 1, 2018
Property Address	1641 PROSPECT ST, LINCOLN, NE 68502-2648
Document Number	0000020607
Instrument Date	May 24, 2018
Instrument	20607
Transaction Type	Transfer
Record Updated	Jul 17, 2018
Title Company	OTHER

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$1,248.75
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	1641 PROSPECT ST LINCOLN NE 685022648, LINCOLN, NE 68502-2648

Mortgage

Document Number	20608
Date	Jun 1, 2018
Instrument	20608

Lender

Name	MADISON CNTY BK
Type	Bank
Address	NORFOLK, NE 68702

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	240 Months
Due	May 31, 2038

Interest

Rate Type	Adjustable Rate

Tax Assessment & Valuation

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	$4,876.00 (-15.97%)	$379,500 (+9.59%) Land $28,800 Building $350,700	$379,500 (+9.59%) Land $28,800 Building $350,700
2023	$5,803.00	$346,300 Land $40,000 Building $306,300	$346,300 Land $40,000 Building $306,300

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

Flood

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

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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