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    1400 2Nd St Waseca, MN 56093

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    For Sale
    Contact for pricing

    55,000 SF Industrial Building, MN

    Property size:
    54,962 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 54,962-square-foot industrial facility, situated on a 4.22-acre lot in Waseca, Minnesota, presents a compelling investment opportunity. Located within the city's industrial park at 1400 2nd Street SE, 56093, this single-tenant, NNN-leased property boasts numerous desirable features. The building offers a substantial 13 grade-level doors (three oversized), providing ample access for loading and unloading. Inside, discover a clear height reaching up to 22 feet in certain areas, complemented by 17 built-in cranes (with capacities ranging from 2 to 10 tons) and overhead doors with 16-foot clearances. The property includes a fully functional paint room equipped with exhaust fans, a large cold storage area, private offices, a dock, and 480-phase power. Practical features such as floor drains and restrooms are also included, and the entire building is equipped with a sprinkler system. Heating is provided by forced gas heat and air in the office area and radiant heat in the industrial space. Extensive parking is available, accommodating up to 40 vehicles, and the property benefits from convenient access to Highway 13, US Highway 14, and proximity to Interstate 35 (13 miles away), a major distribution route in Minnesota. The strategic location between Mankato and Owatonna further enhances its appeal. Immediate possession is available. This property is ideally suited for a variety of industrial and light manufacturing uses.

    Property Features for 1400 2Nd St

    General Information

    Property type
    Distribution properties
    Square Feet
    54,962 SF
    Lot Size
    183,823 SF

    HighLights

    • 54,962 SF light industrial facility with numerous amenities.
    • Excellent Waseca location, situated between Mankato and Owatonna.
    • Easy access to US Hwy 14 and I‑35 (13 miles).
    • Features 13 grade‑level doors (3 oversized), 22' clear height ceilings, built‑in cranes, and 480‑phase power.
    • Includes a fully functional paint booth with exhaust fans.
    • Immediate occupancy available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Waseca
    County
    Waseca
    State
    Minnesota
    Longitude
    -93.5054782
    Latitude
    44.0644605

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Distribution property - 55,000 SF Industrial Building, MN
    Where is this distribution property located?
    The property is located at 1400 2Nd St Waseca, MN.
    What are key features of this property?
    This property features: 54,962 SF light industrial facility with numerous amenities.; Excellent Waseca location, situated between Mankato and Owatonna.; Easy access to US Hwy 14 and I-35 (13 miles).
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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
    1400 2Nd St Waseca, MN 56093
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