Olson Developement Opportunity

The Olson Development Property is a ±137-acre tract located on the southeast edge of Norfolk, Nebraska. Featuring approximately 89% flat tillable ground, blacktop road frontage on three sides, and proximity to several established sandpit lakes, this property offers outstanding potential for aggregate extraction, residential development, expansion, or long-term investment.

Land

The Olson Development Property offers a rare opportunity to acquire a large-scale development and aggregate resource tract on the rapidly growing southeast side of Norfolk, Nebraska.  Consisting of approximately 137 acres, this property is ideally positioned for future residential, recreational, or aggregate extraction development.
Approximately 89% of the property is flat, productive tillable farmland, providing an excellent foundation for a wide variety of development concepts.  The tract is surrounded by new and established sandpit lakes, demonstrating the area’s proven aggregate reserves and successful transformation into highly desirable recreational and residential lake developments.
Accessibility is a key feature of this property, with blacktop road frontage on three sides, including East Sherwood Road, Andy’s Lake Road, and South 1st Street.  This exceptional road access enhances development flexibility while providing convenient connectivity to Norfolk’s expanding commercial and residential growth corridors.
Whether you are seeking a long-term investment, aggregate extraction opportunity, or a premier development site, the Olson Development Property offers the location, size, and infrastructure necessary to capitalize on one of northeast Nebraska’s most promising growth areas.
Property Highlights

±137 total acres
Approximately 89% flat tillable land
Prime development and aggregate extraction opportunity
Located among numerous established sandpit lake developments
Blacktop road frontage on three sides
Frontage along East Sherwood Road, Andy’s Lake Road, and South 1st Street
Excellent access to Norfolk’s growing southeast corridor
Significant long-term investment potential

Region & Climate

Norfolk, NE has a temperate climate with hot summers and cold winters.  Summers are humid but temperatures remain comfortable due to the low humidity levels and cool breezes coming off the nearby Platte River.  Winters can be cold with temperatures dipping below freezing at times, although this is usually accompanied by sunshine and bright blue skies.  Precipitation in Norfolk is fairly evenly distributed throughout the year with snowfall occurring between December and March.
Norfolk, Nebraska gets 29 inches of rain, on average, per year. The US average is 38 inches of rain per year.
Norfolk averages 28 inches of snow per year. The US average is 28 inches of snow per year.
On average, there are 224 sunny days per year in Norfolk. The US average is 205 sunny days.
Norfolk gets some kind of precipitation, on average, 86 days per year. Precipitation is rain, snow, sleet, or hail that falls to the ground.  In order for precipitation to be counted you have to get at least .01 inches on the ground to measure.

History

Norfolk was founded in 1866 when 44 German immigrant families traveled from Wisconsin seeking fertile farmland under the Homestead Act.  They settled near the junction of the Elkhorn River and its North Fork.  The settlement was originally called “North Fork,” which eventually evolved into “Norfolk” after postal authorities altered the spelling.
A few key milestones in Norfolk’s development:

German settlers established the community in 1866.
Norfolk became an important supply point during the Black Hills Gold Rush of the 1870s.
The arrival of multiple railroads between 1879 and 1882 transformed Norfolk into a major transportation and agricultural shipping center.
The city was incorporated in 1886 and continued growing as a regional trade hub.

Today, agriculture remains important, but manufacturing, healthcare, education, and retail are also major drivers of the local economy.
Famous Connection: Johnny Carson
One of Norfolk’s most famous residents was legendary television host Johnny Carson.  Although born in Iowa, Carson grew up in Norfolk and always considered it his hometown.  The city embraces that connection through exhibits and historical displays.

Location

Norfolk, Nebraska is located in northeastern Nebraska, specifically in Madison County, within the scenic Elkhorn River Valley.
Precise Geographic Details

Coordinates: Approximately 42.03° N, 97.43° W (or 42°01′41″N 97°25′45″W).
Elevation: About 1,522 feet (464 meters) above sea level.
Geography: It sits at the junction of the Elkhorn River and its North Fork, in a fertile river valley surrounded by rolling plains typical of the Great Plains region. The landscape supports agriculture and outdoor recreation.

Regional Position & Distances

113 miles (182 km) northwest of Omaha, Nebraska.
121 miles north of Lincoln, Nebraska.
75–83 miles (121–134 km) southwest of Sioux City, Iowa.
It serves as a regional hub for northeast Nebraska, acting as the principal city of the Norfolk Micropolitan Statistical Area.

Major Highways
Norfolk is a crossroads city with excellent connectivity:

U.S. Highway 81 (north-south)
U.S. Highway 275 (southeast-northwest)
Nebraska Highways 24 and 35 also intersect here.

This prime location makes it a natural center for commerce, agriculture, manufacturing, and services in the region.