Originally constructed in 1900, per county records, and thoughtfully renovated, 421 Court Street is a solid investment opportunity in the heart of downtown Elko. The property comes with a 5-year lease in place with options to extend - making it a true turnkey income producer from day one.The listing includes four parcels: the main office building, a landscaped yard, a hillside parcel, and a storage building for equipment or operational use. The main building has been well-maintained and updated while keeping its historic character intact. Located on Court Street in downtown Elko - the county seat and commercial hub of one of Nevada's busiest mining and ranching regions - the property offers strong visibility and a stable tenant base. If you're looking for a dependable income property with real bones in a working Nevada town, 421 Court Street is worth a serious look. This is an 8 percent cap rate for the leased spaces and 70,000 were given towards the 2 additional parcels.
Discover the fully remodeled historic Lamoille Power building-an iconic 8,901 SF space blending industrial charm with modern functionality. Anchored by a preserved historic generator, the main building is ideal for professional offices, event venues, or creative studios. It features original fixtures, new LED lighting, radiant overhead heat, a kitchenette, and a manual 10-ton overhead crane. A 3,408 SF warehouse comes alongside the main building. Both buildings share water/sewer service and are equipped with energy-efficient LED lighting throughout. Situated near the city corridor for additional parking, the property includes 7 standard parking spots and 1 ADA-compliant space. The 3,408-square-foot well -equipped warehouse features two 2-ton overhead cranes, providing robust material handling capabilities across the workspace. It is outfitted with a high-capacity air compressor, supporting a wide range of pneumatic tools and equipment. The property is powered by a 200-amp, 3-phase electrical service, delivering enough power for operations, along with both gas and electric meters for flexible utility usage.
Facility offers a waiting area/lobby, receptionist desk, 3 offices or consultation rooms, 2 exam rooms, 2 changing rooms, large open room where radiation used to be done, storage file room, janitors' closet, utility room, break room, IT server room, 2 restrooms (1 has a shower) and an unfinished space with vinyl flooring and plumbing stubbed, drywalled and taped. The entire building is sprinklered. Building was home to a radiation oncology center. Land is a long-term ground lease. Building sits next to the NNRH Facility. Any offers/sale is subject to use restrictions in the ground lease and a right of first refusal. 5,388 total SF, per appraisal. Magnificent medical facility

Elko is located in Nevada. Elko, Nevada has a population of 20,391. Elko is less family-centric than the surrounding county with 38% of the households containing married families with children. The county average for households married with children is 39.21%.
The median household income in Elko, Nevada is $80,148. The median household income for the surrounding county is $82,462 compared to the national median of $69,021. The median age of people living in Elko is 33.2 years.
The average high temperature in July is 90.4 degrees, with an average low temperature in January of 12.1 degrees. The average rainfall is approximately 10.7 inches per year, with 38.9 inches of snow per year.