223 1St AveClara City, MN 56222

  • Other commercial real estate
  • 5.08 AC
For Sale
$7,600,000 View listing

Property Details for 223 1St Ave

Lot size
5.08 AC
Property type
Other commercial real estate
APN
30-807-1310
APU
308071310

Description

This exceptional 220,000-square-foot industrial property in Clara City, Minnesota, presents a unique investment opportunity. Located at 223 1st Ave SE, 56222, this distribution and manufacturing facility boasts a strategic location and significant upside potential. Built in phases between 1946 and 2009, the property offers a blend of modern and established infrastructure. The facility features 15 loading docks, 4 dock-high doors, and ceiling heights reaching up to 27.5 feet, providing ample space for various industrial uses. The asking price is $7,600,000, translating to a price per square foot of $34.55, significantly below replacement cost. The property sits on over 35 acres, allowing for future expansion. Power is robust, with Buildings A-D fed by 120/208 Volt, 3-Phase, 3000 AMP service, and Buildings E-F by 480 Volt, 3-Phase, 800 AMP service. A current tenant provides rental income through August 2024, offering a paid runway for a new owner. This property is ideal for an end-user or investor seeking immediate occupancy or a phased move-in approach. The property's diverse features and strategic pricing make it a compelling investment opportunity in a growing market. The property is zoned for distribution, manufacturing, and warehouse uses.

223 1St Ave, Clara City, Minnesota
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Location Insight

City
Clara City
County
Chippewa
State
Minnesota
Latitude
44.9578
Longitude
-95.359

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$18,370
$88,500
$266,000
$354,500
-
$88,500
$266,000
$354,500

Comparable in this City

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

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