Expanded Industrial Warehouse
1303 N 56th St Clear Lake, IA 50428
For Sale
Contact for pricing
Pending
Modern warehouse facility on nearly two acres with HWY Commercial zoning for flexible industrial use.
Property Size11,028 SF
Lot Size1.96 Acres
Days on Market53
Property Features for 1303 N 56th St
General Information
- Standard status
- Pending
- Size
- 11,028 SF
- Lot size
- 1.96 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 2005
Listing Agency:
Schoneman Realtors
(641) 423-0500
Listed By:
Brett Schoneman · License #43980000
Source:
Crexi
Added: Jun 2
Changed: Jul 10
Last Checked: Jul 23 at 4:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Schoneman Realtors
Investment Insights
Based on property information with market context.
This expanded industrial warehouse facility totals approximately 11,028 SF and sits on 1.96 acres. Originally built in 2005 and expanded in 2023, the property is described as modern and well-maintained, with the added improvements supporting today’s operational needs. The expansive site is designed to support day-to-day logistics with maneuverability, parking, and outdoor use potential.
Located at 1303 N 56th St in Clear Lake, the property is positioned for visibility and commercial accessibility. With the combination of a warehouse building and substantial acreage, the site layout is built to accommodate on-site operations and vehicle movement without feeling constrained.
For buyers or tenants, the HWY Commercial zoning provides flexibility for industrial use cases that benefit from a dedicated warehouse environment and an outdoor component. The 2023 expansion, along with the property’s overall condition and site size, can support businesses looking for a functional warehouse facility with room to operate on the property.
Located at 1303 N 56th St in Clear Lake, the property is positioned for visibility and commercial accessibility. With the combination of a warehouse building and substantial acreage, the site layout is built to accommodate on-site operations and vehicle movement without feeling constrained.
For buyers or tenants, the HWY Commercial zoning provides flexibility for industrial use cases that benefit from a dedicated warehouse environment and an outdoor component. The 2023 expansion, along with the property’s overall condition and site size, can support businesses looking for a functional warehouse facility with room to operate on the property.
Key Highlights
- Modern warehouse facility built in 2005, expanded in 2023, offering approximately 11,028 SF
- Located on 1.96 acres with HWY Commercial zoning for flexible industrial use
- High‑visibility property with expansive site for maneuverability, parking, and outdoor use potential
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $99.3k | $9.00 |
| − Vacancy | −$7.9k | −$0.72 |
| EGI | $91.3k | $8.28 |
| − OpEx | −$13.7k | −$1.24 |
| NOI | $77.6k | $7.04 |
11,028 SF · lease $9.00/SF/yr · vacancy 8.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.11M
$970.2K – $1.29M
NOI $77,615 @ 7.0% cap · market cap 5.75%
Second Best
Industrial
$913.1K
$799.0K – $1.07M
NOI $63,918 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$2.77M
$2.42M – $3.23M
NOI $193,782 @ 7.0% cap · market cap 14.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Truck Specialties
Auto Parts Store
FAQs
What type of property is this?
Warehouse - Modern warehouse facility on nearly two acres with HWY Commercial zoning for flexible industrial use.
Where is this warehouse located?
The property is located at 1303 N 56th St Clear Lake, IA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Modern warehouse facility built in 2005, expanded in 2023, offering approximately 11,028 SF; Located on 1.96 acres with HWY Commercial zoning for flexible industrial use; High‑visibility property with expansive site for maneuverability, parking, and outdoor use potential
