700 Prospect SW St Le Mars, IA 51031-3030
This 17,290-square-foot refrigerated/cold storage facility in Le Mars, Iowa, presents a unique investment opportunity. Located at 700 Prospect St SW, this single-tenant property sits on a 165,963-square-foot lot and offers significant expansion potential with an additional 1.5 acres of land. Built in 1998, the facility features 3 loading docks, 16- to 20-foot ceilings, and a versatile layout including cooler and freezer space. The cooler/processing room encompasses 6,762 square feet with 16-foot ceilings and maintains a temperature of 35 degrees. Additional dry/cooler space boasts 20-foot ceilings, while a separate freezer area (-5 degrees) offers 2,083 square feet and 224 pallet spaces. The facility's capacity easily exceeds 500 pallet positions, and includes a processing room equipped with ample power and floor drains. An interstitial ceiling simplifies access to the fire sprinkler system and lighting. The ammonia refrigeration system ensures efficient temperature control. Currently leased, but early lease termination may be possible. The property's Commercial zoning in Plymouth County (APN 12-20-227-022) allows for diverse uses. This exceptional property is ideal for businesses seeking efficient cold storage solutions and future expansion capabilities in a thriving Northwest Iowa location. The property's single-story design and ample parking further enhance its appeal.
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NorAm North Industrial Manufacturer Production Facility
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.