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Manufacturing Property with Cold Storage

1775 Balsam Avenue, Alexander, IA 50420

For Sale
$695,000

Commercial Sale, Alexander, IA

Property SizeContact for details
Days on Market628

Property Features for 1775 Balsam Avenue

General Information

Property type Commercial Sale
Property subtype Other
Directions South edge of Alexander on the highway.
Standard status Active
APN 0508101026

Taxes and HOA fees

Tax Year 2024
Tax Description Com 49.75' E of SW cor, NW NW,E 336.88'' N 338; W 336.88; S 338' Exc tract & exc Par 2021-17. (containing 2.17 A M/L).
Tax Annual Amount 1930
Legal Description Com 49.75' E of SW cor, NW NW,E 336.88'' N 338; W 336.88; S 338' Exc tract & exc Par 2021-17. (containing 2.17 A M/L).

Utilities

Sewer type Private Sewer
Heating system Forced Air, Geothermal (Heating)
Water source Private, Well

Building Details

Year built 1999
Building materials Metal Siding
Architectural style Other
Listing Agency: Jaspersen Insurance & Real Estate
Listed By: Tom Christianson
Added: Feb 25, 2025 Changed: Oct 31 Last Checked: Nov 14 at 12:06AM
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.

Rey
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Investment Insights

Based on property information with market context.

This manufacturing property comprises several metal-sided buildings serving production, storage, and operational needs. The main shop, built in 1999, includes a 16 x 34 office/breakroom, radiant floor heat, geothermal heating with boiler backup, vehicle service facilities, and overhead doors measuring 14 x 14 and 30 x 14. A 20 x 26 addition was completed in 2009.

The 60 x 180 manufacturing building has a concrete floor, loading dock, 10 x 10 overhead door, 480 3ph electrical service, and geothermal heating and air conditioning. In-floor radiant heat covers 60 x 120, while the remaining 60 x 60 area is currently unheated. Additional improvements include a 60 x 140 cold-storage building with two 24 x 14 overhead doors, a 24 x 40 shed, and an 18 x 32 shed with partial concrete and a sliding door. Solar panels are installed on the cold-storage building roof. The property uses a private well and private sewer.

Key Highlights

  • 60 x 180 manufacturing building with concrete floor, loading dock, and 10 x 10 overhead door
  • 480 3ph electrical service in the manufacturing building
  • 60 x 120 manufacturing area has in‑floor radiant heat installed in 2012

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

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

Suggested Use

Top Pick Garden Center Storage Facility 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

21
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Frequently Asked Questions

What type of property is this?
Manufacturing property - Multi-building industrial property with manufacturing, storage, office, loading, and vehicle service features.
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; 480 3ph electrical service in the manufacturing building; 60 x 120 manufacturing area has in‑floor radiant heat installed in 2012
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