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Underground Cold Storage Facility
For Sale
$915,000

2662 North Highway 79, Elsberry, MO 63343

Three former limestone mines offer substantial enclosed space with naturally moderate temperatures and exterior ventilation openings.

Property Size440,000 SF
Price / SF$2.08
Days on Market242

Property Features for 2662 North Highway 79

General Information

Standard status Active
Size 440,000 SF
Property subtype Commercial

Site & Location

Highway Access Yes
Road Access Yes

Warehouse & Industrial

Clear Height 40 ft
Column Spacing 50-60 ft
Cold Storage Yes
Cold Storage Temp 53-58 °F

Additional Details

Land Use industrial, storage, manufacturing, winery, resort

Taxes and HOA fees

Annual Taxes $8,114

Amenities

lake

Building Details

Buildings 3
Stories 2
Listing Agency: Flowers Home Realty
Listed By: Marletta Flowers
Source: Flowershomerealty
Added: Feb 24 Changed: Oct 23 Last Checked: Oct 23 at 1:26PM

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 Flowers Home Realty

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Investment Insights

Based on property information with market context.

Three underground limestone mines form the core of this property, with a combined 440,000 square feet of space. Excavated in the 1930s, the mines have stone floors, lower-level ceilings reaching 40 feet, and stone pillars spaced 50 to 60 feet apart. Average temperatures range from 53 to 58 degrees, and exterior openings provide ventilation without ductwork. The underground areas may suit temperature-controlled storage or warehouse use.

The property also includes more than 49 acres above the mines, including a two-acre lake. Rail and river access are nearby, and the site is reached from Highway 79, approximately 25 minutes from Highway 70. Located in a rural setting near Elsberry, Missouri, the property combines extensive underground space with land at the surface.

Key Highlights

  • Three underground limestone mines with 440,000 square feet of combined space
  • Average underground temperatures range from 53 to 58 degrees
  • Lower‑level ceilings reach 40 feet; stone pillars are spaced 50 to 60 feet apart

Property Analytics

Current Use

Refrigerated & Cold Storage

Suggested Use

Top Pick Building Supply Garden Center

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

Lease Details

40 ft
Clear height
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

2
Businesses Nearby

Demographics for 63343, MO

4,459
Population
1,849
Households
2.4
Avg Household Size
43
Median Age
15%
College-Educated
91%
High-School Grad
111.4 sq mi
ZIP Area
40
Density / Sq Mi
$71,523
Median Household Income
$40,727
Median Earnings
$933
Median Rent
$149,300
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

Frequently Asked Questions

What type of property is this?
Refrigerated & cold storage - Three former limestone mines offer substantial enclosed space with naturally moderate temperatures and exterior ventilation openings.
Where is this refrigerated & cold storage located?
The property is located at 2662 North Highway 79 Elsberry, MO.
What is the asking price?
The asking price for this property is $915,000.
What are key features of this property?
This property features: Three underground limestone mines with 440,000 square feet of combined space; Average underground temperatures range from 53 to 58 degrees; Lower‑level ceilings reach 40 feet; stone pillars are spaced 50 to 60 feet apart
More about this property
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