Nuget - Package restore failed. Rolling back package changes for 'WebApplication1'. 0

It's my own custom nuget package that I've not published yet and testing locally.

The nuget package consists of a dll file and nuspec file is as follows.

<?xml version="1.0"?>
<package >
  <metadata>
    <id>MyLib</id>
    <version>1.0.0</version>
    <authors>Author</authors>
    <owners>Owner</owners>
    <licenseUrl>license url</licenseUrl>
    <projectUrl>project url</projectUrl>
    <requireLicenseAcceptance>false</requireLicenseAcceptance>
    <description>some description</copyright>
    <tags>Tag1 Tage2</tags>
  </metadata>
  <files>
    <file src="bin\Debug\netstandard1.4\*.dll" target="lib" />
    <file src="bin\Debug\netstandard1.4\*.pdb" target="lib" />
  </files>
</package>

I've copied the nupkg file to a location and added it to the

Visual studio Tools -> Options -> Packages -> sources directory

Error:

Package MyLib 1.0.0 is not compatible with netcoreapp1.0 (.NETCoreApp,Version=v1.0). Package MyLib 1.0.0 supports: net (.NETFramework,Version=v0.0)
Package restore failed. Rolling back package changes for 'WebApplication1'.

Not sure how can I resolve the issue or find more information.

More Info

The dll file was created using template (.Net Framework 4.5.2)

Templates -> Visual C# -> .NET Core -> Class Library (.NET Standard)

The web application was crated using template. (Empty Web Application)

Templates -> Visual C# -> .NET Core -> ASP.NET Core Web Application (.NET Core)

Edit

I found more details under Output window

One or more packages are incompatible with .NETCoreApp,Version=v1.0.

What kind of class library should I create which is compatible with .NETCoreApp?

Edit2

I saw this URL. it suggests to create the nupkg using dotnet.exe pack --no-build whereas earlier I downloaded the nuget.exe from nuget.org to create the package.

I tried above command but then visual studio says

"... Target pack doesn't exists in the project ... "

Followed instructions on this site as well but failed URL

You need clear the Nuget Cache. To do this, go to Tools -> Options and click on it like this picture enter image description here

Your project is targetting an incompatible version of .Net Framework. Right click on the project, select properties and note the value of the Target Framework. Look at the Nuget package for Microsoft and then install a more suitable NuGet package. Either install the older version of the NuGet package or update your project to target a newer version.

Nuget - Package restore failed. Rolling back package changes for 'WebApplication1'. 0

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