Discover a unique opportunity at 406 W Vinton St, Spencer, NE - a versatile 9,400+ square foot property that offers both residential and commercial potential. Built in 1999 on 0.75 acres, this well-maintained property provides ample space for a variety of uses, from residential living to short-term rentals or business ventures. Located just 20 minutes from Lake Francis Case on the Missouri River and 10 minutes from the scenic Niobrara River, the property is perfectly positioned for those who enjoy the outdoors. It's also within walking distance of a stocked fishing pond with a walking trail and kayaking access, offering a peaceful retreat right in town. Inside, the property features 18 private rooms, including 2 suites, each with its own bathroom. The large communal kitchen, spacious dining and living areas, and a beautiful stone fireplace create a warm and inviting atmosphere. Additional amenities include a laundry room, a family room with a pool table, and two extra gathering spaces, perfect for group activities. With its spacious layout, desirable location, and variety of potential uses, this property is ideal for anyone looking to convert it into a large home, multi-unit rental, corporate retreat, or a community living space. Whether you're looking for a residence, an investment property, or a hybrid of both, this unique space in Spencer, NE, is ready to meet your needs. Property Taxes/Tax Year: $3,832.72/2023 Approximate Measurements: 16 rooms - 16'7"X13'10" including a 4'X8'6" bathroom, 2 suits - 33'X12', Family Room with Pool table - 24'9"X16'4", Community Bath - 6'8"X7'3", Community Bath - 11'10"X7', Community Laundry - 11'X6'8", Main Living & Dining Room - 39'5"X24'9", Community Kitchen - 21'10"X13'8", North Gathering Community Room - 21'8"X17'9", South Gathering Community Room - 21'8"X17'9"