Building Details

Year built 1999

Building materials Metal Siding

Architectural style Other

Listing Agency: Jaspersen Insurance & Real Estate Show Phone

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

Added: Feb 25, 2025 Changed: Aug 5 Last Checked: Aug 12 at 2:06AM

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MLS# 6328789

Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This manufacturing property includes a main shop built in 1999 with an office/breakroom measuring 16 x 34. The building is heated with geothermal heat and includes boiler back up, along with in-floor radiant heat. Additional improvements include a 20 x 26 addition in 2009, an oil change pit and wash area, and Geo thermal heating and AC.

The main manufacturing building is 60 x 180 with a concrete floor, a loading dock, and a 10 x 10 overhead door. In-floor radiant heat was installed in 2012 for 60 x 120 of the building, and 60 x 60 of the building is not currently heated. A total of 240 3ph electrical and 480 3ph electric service support operations.

Supplemental structures include a middle storage building measuring 60 x 140 with partial concrete and cold storage, plus two 24 x 14 overhead doors and solar panels on the roof. There is also a 24 x 40 shed with an overhead door, and an 18 x 32 shed with partial concrete and a sliding door. Water is supplied by a well and private water service, with private sewer.

Key Highlights

• Main shop built in 1999 with 16 x 34 office/breakroom and 20 x 26 addition in 2009
• Geothermal heat with boiler back up plus in‑floor radiant heat; geothermal heat and AC
• 60 x 180 manufacturing building with concrete floor, loading dock, and 10 x 10 overhead door

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Manufacturing property - 1999 manufacturing facility with multiple overhead doors, cold storage, and geothermal heating with boiler backup.

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: Main shop built in 1999 with 16 x 34 office/breakroom and 20 x 26 addition in 2009; Geothermal heat with boiler back up plus in‑floor radiant heat; geothermal heat and AC; 60 x 180 manufacturing building with concrete floor, loading dock, and 10 x 10 overhead door