65 Unit 4 McGregor, MN 55760

Property Details for 65 Unit 4

Year built

1999

Property size

6,806 SF

Property type

Commercial real estate

Description

This expansive 6,806 square foot hangar, located at McGregor's Iverson Field in McGregor, Minnesota, presents a unique investment opportunity. Constructed in 1999, this substantial structure boasts a robust 5-inch cement floor and is fully insulated for optimal climate control. Heating is provided by four hanging propane ceiling heaters, and the hangar is pre-wired for a compressor, adding to its versatility. The hangar also includes a convenient office space and a 3вЃ„4 bathroom, enhancing its practicality. A significant feature is the oversized 18 x 60-foot door, allowing for easy access for large aircraft. Currently operating under a favorable 20-year lease agreement with the airport, the annual lease payment is a modest $538.00. This hangar is the largest at Iverson Field, which features a 3,500-foot asphalt airstrip. The property's dimensions are 84.56 feet by 80.49 feet. This is a rare opportunity to acquire a substantial and well-maintained hangar in a desirable airport setting. The long-term lease provides stability and predictable income, making this an attractive investment for aviation enthusiasts or businesses requiring significant hangar space.

Location Insight

City

McGregor

County

Aitkin

State

Minnesota

Longitude

-93.2656

Latitude

46.3727