10301 Southwest 40th Street , Lincoln, NE 68523(Lancaster County)

This 10 acre property in Lancaster County, Nebraska, offers an outstanding opportunity to enjoy country living with the convenience of being located just outside Lincoln. Acreages of this size with a move-in ready home, functional outbuildings, and income-producing farmland are increasingly difficult to find, particularly in this highly desirable area.

The property features a well-maintained 4-bedroom, 2-bath home that is ready for immediate occupancy. With a comfortable layout, included appliances, and ample outdoor space, the home is well suited for families, hobby farmers, or buyers seeking a rural lifestyle without sacrificing access to amenities. The surrounding acreage provides privacy, open views, and flexibility for a variety of uses.

In addition to the residence, the property includes approximately 8 farmable acres currently under lease, offering supplemental income and investment appeal. Whether your goal is to enjoy peaceful country living, generate rental income, or secure a long-term acreage investment near Lincoln, this property presents a rare and compelling opportunity.

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Location & Setting

The property is located in Lancaster County, Nebraska, just outside the city of Lincoln. This location provides an ideal balance between rural tranquility and urban convenience. Residents enjoy the quiet, open feel of the countryside while remaining within a short drive of Lincolns schools, shopping, healthcare, and employment opportunities.

The setting offers expansive views of the surrounding landscape, with unobstructed sightlines that showcase Nebraskas well-known sunrises and sunsets. Properties in this area are highly sought after due to their accessibility and lifestyle appeal, making this tract especially attractive for buyers looking to establish a long-term residence.

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Home Description

The residence is a 1.5-story home offering approximately 1,680 square feet of total living space. The home features four bedrooms and two bathrooms, providing ample room for family living, guests, or home office space. The layout is functional and comfortable, with a welcoming feel throughout.

The kitchen is spacious and well arranged, with all kitchen appliances included in the sale. This adds immediate value and convenience for the next owner. The living areas are move-in ready, allowing buyers to settle in without the need for major updates or renovations.

An unfinished basement provides additional flexibility. This space can be used for storage, a workshop, or potentially finished in the future to expand the living area. The basement adds to the overall utility of the home and enhances long-term value.

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Indoor Features

The interior of the home reflects thoughtful maintenance and practical design. Four bedrooms allow flexibility for families of various sizes or for those needing dedicated office or hobby space. Two bathrooms provide convenience and functionality for daily living.

The homes 1.5-story configuration offers character and efficient use of space. Natural light fills the interior, contributing to a warm and inviting atmosphere. The move-in ready condition allows buyers to focus on enjoying the property rather than undertaking immediate improvements.

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Outbuildings & Improvements

The property includes a detached garage measuring approximately 480 square feet. This structure provides secure parking, additional storage, or space for tools and equipment.

A standout feature of the property is the large multipurpose building measuring approximately 2,880 square feet. This building is equipped with concrete floors, lighting, and an electric overhead door. The size and features of this structure make it suitable for a wide range of uses, including equipment storage, a workshop, hobby space, or small business operations.

Outbuildings of this quality and size add significant value to an acreage property and increase its versatility for future owners.

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Land & Farmable Acres

Of the total 10 acres, approximately 8 acres are considered dryland farmable ground. These acres are currently under lease for the 2025 crop season, providing immediate income potential.

The farmable acres offer flexibility for future use. Owners may choose to continue leasing the ground for income, convert it to pasture, or use it for personal agricultural projects depending on zoning and local regulations. Having productive farmland included with a residential acreage enhances both investment value and long-term versatility.

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Lease Information

The farmable acres are currently leased for the 2025 crop season. The buyer will gain possession of these acres after the crop is harvested or no later than December 31, 2025. This arrangement allows for a smooth transition of ownership while preserving current farming operations.

Buyers should review lease terms and timelines as part of their due diligence to ensure alignment with their future plans for the property.

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Taxes & Legal Description

Property taxes are approximately $4,647 annually. Buyers are encouraged to verify tax information and consult with their tax advisors regarding ownership considerations.

The legal description of the property is as follows: S31, T9, R6, 6th Principal Meridian, Lot 8 NE.

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Lifestyle & Investment Appeal

This property offers a rare blend of lifestyle and investment value. Residential acreages near Lincoln with move-in ready homes, quality outbuildings, and productive farmland are in strong demand and limited supply. The propertys location, features, and condition position it well for long-term appreciation.

For buyers seeking country living, the acreage provides privacy, open space, and scenic views. For investors, the combination of residential use and leased farmland offers diversified value and income potential. The outbuildings further enhance flexibility and usability.

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Summary

This 10 acre property in Lancaster County, Nebraska, presents an exceptional opportunity to own a move-in ready home with land and improvements just outside Lincoln. With a 4-bedroom, 2-bath residence, multiple outbuildings, approximately 8 farmable acres, and beautiful rural views, the property offers versatility, comfort, and long-term value.

Offered at $549,900, this acreage is well suited for buyers looking to enjoy the benefits of country living while remaining close to town. Opportunities like this are increasingly rare in the Lancaster County market, making this a property worthy of serious consideration.

Interested buyers are encouraged to contact the listing agent for additional information or to schedule a private showing.