Property profile

500 Larson Ave Lake Mills, IA 50450

OFF-MARKET
Warehouses
154,563 SF Built 1996
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Property summary

AI-generated overview

This exceptional 154,563-square-foot industrial property, located at 500 Larson Ave N in Lake Mills, Iowa, presents a significant investment opportunity. Situated on a 15-acre lot, this Class A warehouse boasts a prime location in Northern Iowa and is currently vacant. Originally constructed in 1996, the facility underwent substantial renovations in 2007, including a 60,000-square-foot addition. The warehouse features a 32-foot clear ceiling height, providing ample vertical space for various operations. Loading and unloading are facilitated by 12 loading docks, including 2 dock-high doors. The property is zoned I-Industrial and offers robust infrastructure, including three 2-ton bridge cranes, several new dock levelers, an 8-inch water line, a 6-inch sewer line, and a 4-inch natural gas line. Electrical service is substantial, with a 2500A, 480V AMP capacity for the entire building. The office area features a new flat roof. This property is ideal for distribution, manufacturing, or warehousing operations seeking a well-maintained, spacious facility with excellent infrastructure in a strategic location. The asking price is $6,900,000.

Property profile

Verified
Property type Warehouses
Year built 1996
Total area 154,563 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hardware & Home Improvement Production Facility

Location

500 Larson Ave Lake Mills, IA 50450
Lake Mills metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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