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    223 1St Ave Clara City, MN 56222

    For Sale
    $7,600,000

    220,000 SF Industrial Facility - MN

    Property size:
    220,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 220,000-square-foot industrial property in Clara City, Minnesota, presents a unique investment opportunity. Located at 223 1st Ave SE, 56222, this distribution and manufacturing facility boasts a strategic location and significant upside potential. Built in phases between 1946 and 2009, the property offers a blend of modern and established infrastructure. The facility features 15 loading docks, 4 dock-high doors, and ceiling heights reaching up to 27.5 feet, providing ample space for various industrial uses. The asking price is $7,600,000, translating to a price per square foot of $34.55, significantly below replacement cost. The property sits on over 35 acres, allowing for future expansion. Power is robust, with Buildings A-D fed by 120/208 Volt, 3-Phase, 3000 AMP service, and Buildings E-F by 480 Volt, 3-Phase, 800 AMP service. A current tenant provides rental income through August 2024, offering a paid runway for a new owner. This property is ideal for an end-user or investor seeking immediate occupancy or a phased move-in approach. The property's diverse features and strategic pricing make it a compelling investment opportunity in a growing market. The property is zoned for distribution, manufacturing, and warehouse uses.

    Property Features for 223 1St Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    220,000 SF

    HighLights

    • 2000 & 2009 construction distribution center.
    • 27.5‑foot clear height.
    • 35+ acre site allows for future expansion.
    • Heavy power: 3000 AMP, 120/208V, 3‑phase (Buildings A‑D); 800 AMP, 480V, 3‑phase (Buildings E‑F).
    • Currently leased through August 2024, providing a strong income stream.
    • Contact broker for details.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Impact Innovations Inc Promotional Products Supplier

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Auto Parts Store Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clara City
    County
    Chippewa
    State
    Minnesota
    Longitude
    -95.3583283
    Latitude
    44.957888

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    FAQs

    What type of property is this?
    Distribution property - 220,000 SF Industrial Facility - MN
    Where is this distribution property located?
    The property is located at 223 1St Ave Clara City, MN.
    What is the asking price?
    The asking price for this property is $7,600,000.
    What are key features of this property?
    This property features: 2000 & 2009 construction distribution center.; 27.5-foot clear height.; 35+ acre site allows for future expansion.
    Request Owner's contact information
    223 1St Ave Clara City, MN 56222
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    Clara City, MN 56222
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    223 1St Ave Clara City, MN 56222
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