Property profile

2 A Madison Ave Mankato, MN 56001

OFF-MARKET
Land
2 ac lot
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Property summary

AI-generated overview

This ±247,000-square-foot industrial facility, situated within the 146-acre Shelby Commerce Park in Calera, Alabama, presents a significant opportunity for distribution or light manufacturing operations. The single-tenant building boasts a substantial 16.15-acre site and features a 32-foot clear ceiling height, making it suitable for various industrial uses. The property includes 60 dock-high doors (some with existing equipment), two drive-in doors (one at grade level), and ample trailer parking within a 180-foot truck court, ensuring efficient loading and unloading. A significant 2,354-square-foot office building is also included. Built in 2005 and recently renovated in 2024, the building features concrete tilt-up construction, ESFR type IV fire sprinklers, and a 6-inch floor on 4,000 psi with Dayton J17 sealer hardener. The roof was replaced in 2022 with a 60-mil membrane. The property's strategic location offers easy access to major interstate highways and is conveniently located within 35 minutes of Birmingham's International Airport. The building is currently vacant and ready for immediate occupancy. The property's size, features, and location make it an exceptional opportunity for businesses seeking a modern and efficient industrial space.

Property profile

Verified
Property type Land
Lot 2 ac (87,120 SF)

Cap rate & NOI

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

Location

2 A Madison Ave Mankato, MN 56001
Mankato 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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