Property summary
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
VerifiedCap rate & NOI
Current use
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Hardware & Home Improvement Production Facility
Location
Value estimations
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6 recent transactions · within 1.5 miComparable in this City
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Property description
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