Old Cheney Rd, Walton, NE 68461
Property image
Property image
FOR SALE
139 ACRES

$4,449,000

    Old Cheney Rd, Walton, NE 68461

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    Home Highlights

    Lot/Land
    139 acre lot

    Local Information

    • Map ViewExplore the area around Old Cheney Rd.
    • Schools1 Preschool School1 Elementary School1 Middle School1 High School
    • Shop & Eat
    -- mins to
    Commute Destination

    About this House

    Opportunities of this magnitude, location, and flexibility are becoming increasingly rare in Lancaster County. Situated less than two miles from the South 98th Street and Old Cheney Road intersection, this remarkable 139± acre offering presents a unique opportunity to acquire seven contiguous parcels ranging from 17.15 acres to 19.79 acres in one of the most desirable and rapidly evolving growth corridors surrounding Lincoln. As residential expansion continues to move outward from Lincoln, demand for larger acreage home sites and thoughtfully planned rural residential developments has never been stronger. The property's configuration, extensive road frontage, and parcel layout create exceptional flexibility for future development, including the potential for multiple 3 to 5 acre acreage home sites, subject to Lancaster County approval and applicable zoning requirements. What truly sets this offering apart is its scale and character. Several of the parcels border the Stevens Creek corridor, creating a natural setting that is increasingly difficult to replicate in today's marketplace. Mature creek corridors, rolling natural features, and opportunities for water amenities provide a unique canvas for a premier residential development, executive acreage community, private estate project, or long-term investment hold. The presence of Stevens Creek creates a sense of privacy, exclusivity, and natural beauty that future homeowners and developers alike will recognize as a significant asset. Large-scale development tracts of this size are seldom available this close to Lincoln. Even more uncommon is the opportunity to acquire seven contiguous parcels that provide multiple development strategies and phased implementation options. Forward-thinking investors and developers will appreciate the ability to create a project that blends rural lifestyle living with convenient access to employment centers, schools, healthcare, shopping, and recreational amenities within the Lincoln metropolitan area. Adding to the property's appeal is the opportunity for immediate agricultural income. The property is currently operated by a local tenant who will retain farming rights through the 2026 crop season. No development activities, construction, or disturbance of the existing crop ground may occur until the 2026 crop has been harvested. The current tenant has also expressed interest in continuing farming operations beyond the 2026 crop season until such time as portions of the property are needed for development or alternative uses. This provides a unique opportunity for a new owner to maintain agricultural income while completing planning, engineering, zoning, and development activities. Any future lease arrangements will be negotiated directly between the Buyer and the tenant. For developers, investors, and land visionaries, this offering represents far more than a farmland acquisition-it is a chance to secure a significant position within one of Lancaster County's most promising growth areas before future expansion reaches its doorstep. Property Highlights • 139± total acres comprised of seven contiguous parcels • Parcel sizes ranging from 17.15 acres to 19.79 acres • Located less than two miles from South 98th Street and Old Cheney Road • Positioned within one of Lancaster County's most desirable growth corridors • Excellent candidate for acreage development and rural residential projects • Potential for multiple 3- to 5-acre home sites (subject to county approval) • Several parcels border the scenic Stevens Creek corridor • Exceptional opportunity for water features, open space, and premium home sites • Extensive road frontage and multiple development configurations available • Currently generating agricultural income through an established tenant • Tenant retains farming rights through the 2026 crop season • Potential for continued farm income while future development plans are implemented
    Last check for updates: about 1 hour ago
    Listing courtesy of Robert Osborne, (402) 660-4970
    American Legacy Land Company
    Source: My State MLS, MLS#11884905

    Home Details for Old Cheney Rd

    Interior Features

    Heating & Cooling
    No CoolingNo Heating
    Fireplace & Spa
    No Fireplace
    View
    No View

    Exterior Features

    Exterior Home Features
    No Private Pool
    Parking & Garage
    No Garage
    Frontage
    Not on Waterfront

    Days on Market

    Days on Market: 55

    Property Information

    Property Type / Style
    Property Type: LandProperty Subtype: Unimproved Land
    Building
    Not a New Construction

    Price & Status

    Price
    List Price: $4,449,000

    Active Status

    MLS Status: Active

    Location

    Direction & Address
    City: Walton

    Agent Information

    Listing Agent
    Listing ID: 11884905

    Community

    Not Senior Community

    HOA

    No HOAHOA Fee: No HOA Fee

    Lot Information

    Lot Area: 139.00 acres

    Offer

    Listing Agreement Type: Exclusive

    Rental Terms, Policies & Fees

    Miscellaneous

    Mls Number: 11884905

    Around this home

    View nearby schools on GreatSchools
    The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

    What Locals Say about Lincoln

    At least 1257 Trulia users voted on each feature.

    • 89 % Say there are sidewalks

    • 88 % Say it's dog friendly

    • 84 % Say car is needed

    • 81 % Say parking is easy

    • 76 % Say yards are well-kept

    • 72 % Say there's holiday spirit

    • 71 % Say kids play outside

    • 64 % Say people would walk alone at night

    • 63 % Say streets are well-lit

    • 57 % Say it's quiet

    • 53 % Say neighbors are friendly

    • 53 % Say there's wildlife

    • 49 % Say it's walkable to restaurants

    • 49 % Say it's walkable to grocery stores

    • 46 % Say they plan to stay for at least 5 years

    • 27 % Say there are community events

    Sourced by Trulia users. Learn more about our methodology.
    • ryan.robert08
      "Clean area, safe neighborhood and good demeanor across all homes. Great place to live and raise a family."
      0
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    • Marilu Sanchez
      "My neighborhood has easy access to parks and buses also there’s schools close by public transportation, restaurants"
      0
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    • Ccnews
      "There are lots of big, green Open spaces where I live and this makes for a great place for our family to live."
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    • Trulia User
      "My family has lived in this neighborhood of acreages with a great deal of privacy combined with great neighbors and a peaceful, safe community."
      0
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    • Ccnews
      "We live within close proximity to a lot of interesting places and events. We live in a very quiet and peaceful downtown neighborhood."
      0
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    • Aeval Herzzbrg
      "Feels safe easy to get around. Small library nearby. Needs more stores nearby. Only has three fast food places nearby "
      0
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    • Andrew Reyes
      "Easy and fast and very convenient. I lived here for 3 years and I live like 5 min from work and I like that the most . "
      0
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    • Annette Weber
      "Beautiful trees everywhere. Well maintained yards, friendly people, dog friendly, kid friendly, good playgrounds."
      0
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    • Hkuhfahl
      "They really haven’t had anything for the neighborhood in a long time. It would be nice if they did though. We do have a community garden though"
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    • Tanner S
      "There’s a walking trail that runs through the neighborhood to 2 different parks with a swimming pool, golf course and a separate dog park. "
      0
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    • Edna.mae24
      "Watch your children in this neighborhood, especially your preteen daughters. Too many street men in this area. "
      6
      Flag
    • Boy.htoo
      "I have been living here since 2017 all of my neighbors are cool nice and kind it’s a safe neighborhood to live with "
      0
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    • Ashley Corn
      "I love the school and I love how there are so many stores and resources available to you and also how a lot of people in the neighborhood are pretty friendly "
      1
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    • Trulia User
      "None, as far as I’ve noticed there’s no neighborhood activities . "
      1
      Flag
    • Trulia User
      "its a pretty nice area. . . . . . . . . . . . . . . . . . . . "
      0
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    • Trulia User
      "Ppl always walk their dogs it’s friendly not a lot to worry about Great place for animals and community "
      0
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    • Trulia User
      "we have lots of friendly dogs in the neighborhood and most of the neighbors are pretty nice as well. mostly everyone cleans up after their dogs as well. some people have aggressive dogs but they keep them pretty well maintained."
      2
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    • Trulia User
      "Good neighbors. Close to restaurants schools, hospitals & markets. Easy access to main streets. City also cleans snow fast. "
      1
      Flag
    • Trulia User
      "my neighborhood has access to downtown and the commute is painless, and easy. the parks are clean, and I feel safe in the area."
      0
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    • Trulia User
      "love West A neighborhood and I loved sending my son to Roper. Coming from a small town and moving yo West A made me feel pretty comfortable. I wouldn't want to be in any other neighborhood. "
      1
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    • Trulia User
      "access to 3 different public buses. traffic on the busiest days is still bearable. easy access to Cornhusker (highway 6) and I,-80 "
      0
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    • Trulia User
      "Clean and quiet. It is far from town but we have lots of the essential stores near by. Walking trails are all around and people use them frequently. Nice parks and playgrounds. There are ponds for fishing as well. Traffic in peak driving hours is not terrible but you will definitely need to give yourself an extra 10 minutes or so. Overall we love living here and we stay because of all of the nice qualities that this area has to offer. If you are looking for something close to the highway or interstate you should look elsewhere because this place is definitely not that. "
      0
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    • Trulia User
      "it's a pretty quiet laid-back neighborhood so there isn't a whole lot of community events except the Oak Park fireworks show every 4th of July weekend"
      0
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    • Trulia User
      "I've lived in this neighborhood since the 90s. I've always felt safe. And I've raised my two little ones here with the help of my parents. "
      2
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    • Trulia User
      "Halloween events at local churches and food nets for low income families. plus plenty of bike trails and parks for the community. "
      0
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    • Trulia User
      "Nothing, this town is not all it’s cut out to be....................................... Most people are good though "
      0
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    • Trulia User
      "Their are families parks schools and kids of all ages playing outside everyday. There have been wild foxes spotted wondering around the neighborhood. "
      0
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    • Trulia User
      "Welcoming, safe, friendly neighborhood full of kids of all ages and lots of animal lovers :) everyone is so kind and open to talking to their neighbors. "
      0
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    • Trulia User
      "Pretty efficient, the lights crossing O street change at an acceptable rate. Traffic moves well, easy access to the grocery store. A little slower during heavy traffic times, but overall my commute is not an issue"
      0
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    • Trulia User
      "Nice brick homes,3 parks.pool close.safe to walk at dawn and dusk even .friendly neighbors.many families as well as older ones! Close to bus and mile from interstate!"
      0
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    • Trulia User
      "Not cookie cutter homes.all unique and brick .great for walking with 2 parks few blocks away! Friendly yet quiet neighborhood! Love it!"
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    • Trulia User
      "I used to live near here and my sister does now always loved the area. usually friendly people and I felt save letting the kids play with minimal worries. safety is first priority!!!"
      0
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    • Trulia User
      "There are middle school and elementary schools nearby a park and nice safe neighborhoods where children can walk and play safely "
      0
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    • Trulia User
      "Nearby schools are within walking distance and the neighborhoods are safe. Nearby grocery shopping theatre gas station CVS and various fastfood and dine in establishments.."
      0
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    • Trulia User
      "long time residents. Good people and good businesses. Has it's own library. Has a unique grocery store. Has a fantastic veterinarian and schools."
      0
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    • KDRogers
      "I have lived here for a year and I haven't had any issues with my neighbors, no vandalism, noise is contained and tolerable. Majority of people stay in their own space and mind their own business which is what I like the most about this neighborhood. Also it is kid friendly between playing outside or offering to make money mowing lawns kids are very active in the neighborhood. "
      2
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    • Trulia User
      "What I like about my neighbourhood it is the 4th of July parade all kids decorate their bikes and then walk with a parents around block, share a snake and having fun!!!"
      0
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    • Trulia User
      "Busy street, lots of cars and quite dangerous for dog walking without a leash. but friendly people!"
      1
      Flag
    • Lydia W.
      "Nice neighborhood! Lots of families out and about with pets. Seems safe and fun. Nice sidewalks. We visit here with family"
      1
      Flag
    • Lizhenery
      "So much love in our neighborhood! Block parties, birthday parties, shoot even impromptu parties! We couldn’t love these people any more than we do! You’re emerged in culture and diversity! Such a lovely place to live and get to love the people around you! "
      2
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    Market trends in Lincoln

    Last updated July 2026
    Buyer'sMarketSeller'sMarket
    Avg. sale price
    $291K
    $13.33K    MoM
    Sale-to-List Price
    100.0%
    0.3%    MoM
    Price per sq ft
    $165
    $2    MoM
    Available listings
    944
    67    MoM

    Home Value

    Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

    Comparable sales

    These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
    Address
    Distance
    Property Type
    Sold Price
    Sold Date
    Bed
    Bath
    Sqft
    8833 Grey Hawk Ct, Lincoln, NE
    0.82
    Lot/Land
    $189,000
    06/12/26
    -
    -
    2520 S 102nd St, Lincoln, NE
    2.09
    Lot/Land
    $70,000
    05/05/26
    -
    -
    The Prairies At Fireridge L1 B1 St, Lincoln, NE
    2.19
    Lot/Land
    $110,000
    10/24/25
    -
    -
    The Prairies At Fireridge L2 B1 St, Lincoln, NE
    2.19
    Lot/Land
    $107,000
    04/16/26
    -
    -
    The Prairies At Fireridge L2 B3 St, Lincoln, NE
    2.21
    Lot/Land
    $140,000
    05/15/26
    -
    -
    The Prairies At Fireridge L3 B1 St, Lincoln, NE
    2.21
    Lot/Land
    $107,000
    04/16/26
    -
    -
    The Prairies At Fireridge L3 B3 St, Lincoln, NE
    2.22
    Lot/Land
    $140,000
    02/20/26
    -
    -

    Nearby home prices

    Get a sense of expected prices in the area by checking the value of nearby homes.
    Address
    Distance
    Price
    Bed
    Bath
    Sqft
    Status
    5800-5806 S 95th St, Lincoln, NE 68526
    0.03
    -
    -
    -
    -
    Off Market
    5800 S 95th St, Lincoln, NE 68526
    0.03
    $413,600
    4
    3
    2,219
    Off Market
    9460 Merryvale Dr, Lincoln, NE 68526
    0.02
    $392,500
    4
    2.5
    2,580
    Off Market
    5806 S 95th St, Lincoln, NE 68526
    0.04
    $408,500
    4
    3
    2,219
    Off Market
    9454-9460 Merryvale Dr, Lincoln, NE 68526
    0.02
    -
    -
    -
    -
    Off Market
    5812-5818 S 95th St, Lincoln, NE 68526
    0.05
    -
    -
    -
    -
    Off Market
    5812 S 95th St, Lincoln, NE 68526
    0.05
    $411,300
    4
    3
    2,219
    Off Market
    9440 Merryvale Dr, Lincoln, NE 68526
    0.03
    $372,900
    3
    2.5
    2,327
    Off Market
    5818 S 95th St, Lincoln, NE 68526
    0.06
    $401,800
    4
    3
    2,219
    Off Market
    5824 S 95th St, Lincoln, NE 68526
    0.06
    $370,800
    2
    2
    1,543
    Off Market
    9426 Merryvale Dr, Lincoln, NE 68526
    0.04
    $377,700
    3
    3.5
    2,241
    Off Market

    Price and Tax history

    DateEventPrice
    Jul 14, 2026
    Source: My State MLS #11884905
    		Listed For Sale
    $4,449,000

    LGBTQ Local Legal Protections

    Robert Osborne, American Legacy Land Company
    Agent Phone: (402) 660-4970

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    Frequently asked questions about Old Cheney Rd

    • How big is Old Cheney Rd?
      Old Cheney Rd in Walton, NE is about 139 acres.
    • What is the price per acre for Old Cheney Rd?
      Old Cheney Rd in Walton, NE is listed at $4,449,000, or about $30K per acre.
    • What do residents say about Walton?
      Residents describe Walton, NE as pedestrian-friendly, dog-friendly, and easy to park in. See homes for sale in Walton, NE.
    • What are the closest schools to Old Cheney Rd?
      The closest schools to Old Cheney Rd in Walton, NE are Lincoln East High School (rated 8/10), Lux Middle School (rated 7/10), Maxey Elementary School (Pre-K, rated 8/10).
    Old Cheney Rd, Walton, NE 68461 is a lot/land. This property is currently available for sale and was listed by My State MLS on Jul 14, 2026. The MLS # for this home is MLS# 11884905.