1802 Industrial Park Rd Ellsworth, IA 50075
- Warehouses
- 181,200 SF
- 10.68 lot acres
Current Use by Public Records
- Warehouses
Property Details for 1802 Industrial Park Rd
- Lot size
- 10.68 lot acres
- Property size
- 181,200 SF
- Property type
- Warehouses
- Property subtype
- Life science properties
Description
This exceptional 181,200-square-foot Class A industrial property in Ellsworth, Iowa, presents a unique investment opportunity. Built in 2017 and 2018, this single-story building sits on 10.68 acres and features four dock-high doors, providing ample loading and unloading capabilities. The property boasts various ceiling heights (see engineering plans for specifics) and is zoned for commercial use. Currently configured as a state-of-the-art aquaculture facility with a recirculating system, it offers significant adaptability for aquaponics, horticulture, or other uses. The facility includes a substantial attached office building with six offices, a reception area, conference room, kitchen/break area, men's and women's locker rooms, and a 20' x 45' garage/workshop with a 10' x 10' roll-up door. Power is robust, featuring 120v, 240v, and 480v electrical service, along with two 450 kW 480V Cummins generators. Water service is provided by a 6" water line and two 600 gallon-per-minute pumps. The asking price is $4,750,000 ($26.21/sq ft), and the property is offered in a distressed sale condition. Its convenient location off Interstate 35, near a Love's Travel Stop with truck repair and wash facilities, adds further appeal. This single-tenant property qualifies as a single-use agricultural asset, potentially eligible for bonus depreciation (consult your CPA for verification).
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ellsworth
- County
- Hamilton
- State
- Iowa
- Longitude
- -93.5711
- Latitude
- 42.3158
