Building Details

Building Size 5,512 SF

Year Built 1999

Buildings 5

Listing Agency: Jaspersen Insurance & Real Estate t**@jaspersenltd.com Show Phone

Listed By: Tom Christianson · License #*** Show Phone

Source: Sweeneyrealestate

Added: Feb 25, 2025 Changed: Aug 9 Last Checked: Aug 11 at 2:53PM

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Investment Insights

Based on property information with market context.

The property includes a main shop, a dedicated manufacturing building, two storage sheds, and a middle cold-storage building. The main shop was built in 1999 and includes a 16 x 34 office/breakroom, geothermal heat with boiler backup, in-floor radiant heat, an oil change pit, a wash area, and multiple overhead doors. A 20 x 26 addition was completed in 2009.

The manufacturing building measures 60 x 180 and has a concrete floor, loading dock, 10 x 10 overhead door, geothermal heating and air conditioning, and in-floor radiant heat across 60 x 120 installed in 2012. The remaining 60 x 60 section is not currently heated. Electrical service includes 240 3ph in the main shop and 480 3ph in the manufacturing building. The middle storage building measures 60 x 140 and features two 24 x 14 overhead doors and rooftop solar panels.

Key Highlights

• 60 x 180 manufacturing building with concrete floor, loading dock, and 10 x 10 overhead door
• 60 x 120 section has in‑floor radiant heat installed in 2012
• Main shop includes a 16 x 34 office/breakroom, oil change pit, and wash area

Property Analytics

Property Profile

Current Use

Cornerstone Innovations, Inc. Industrial Manufacturer KGL Enterprises Ltd Agricultural Service

Suggested Use

Top Pick Storage Facility Garden Center Department Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1

Businesses Nearby

Explore this area Business Placement

Demographics for 50420, IA

392

Population

188

Households

2.1

Avg Household Size

43

Median Age

25%

College-Educated

72%

High-School Grad

47.3 sq mi

ZIP Area

8

Density / Sq Mi

$76,169

Median Household Income

$43,889

Median Earnings

$394

Median Rent

$77,500

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Manufacturing property - Industrial property includes heated production space, storage buildings, loading access, and three-phase electrical service.

Where is this manufacturing property located?

The property is located at 1775 Balsam Avenue Alexander, IA.

What is the asking price?

The asking price for this property is $695,000.

What are key features of this property?

This property features: 60 x 180 manufacturing building with concrete floor, loading dock, and 10 x 10 overhead door; 60 x 120 section has in‑floor radiant heat installed in 2012; Main shop includes a 16 x 34 office/breakroom, oil change pit, and wash area