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    FOR SALE
    Industrial properties

    1119 Center St, North Mankato, MN 56003

    23,890 SF 1.86 ac lot Built 1976
    Entity Owned 12-yr Hold ~ Est. High Equity
    Property ID
    US46-2232684
    Property summary
    AI-generated overview

    This exceptional 23,890-square-foot industrial property, located at 1119 Center St in North Mankato, Minnesota, presents a unique owner-user opportunity. The building, comprised of a warehouse and manufacturing space, features a general brewing area, bar, and office space, all situated on a 1.86-acre lot. Built in phases (1976 & 2000), the single-story structure boasts high ceilings ideal for manufacturing operations, two dock-high doors for efficient loading and unloading, and ample parking for 30 vehicles. The property is zoned for commercial use and benefits from a prime location in North Mankato, offering convenient access to major highways. Modernized facilities include updated electrical and HVAC systems, ensuring optimal functionality. A significant advantage is the inclusion of a cellular tower lease, generating supplemental income. The well-maintained exterior and robust building security/surveillance systems further enhance the property's value. This versatile floor plan offers significant potential for a variety of industrial and manufacturing uses. The asking price is $3,950,000, translating to $165 per square foot. Don't miss this chance to acquire a profitable and well-equipped industrial asset in a thriving Minnesota market.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1976
    Total area 23,890 SF
    Lot 1.86 ac (80,891 SF)
    APN 18.557.2870
    UPID US46-2232684
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $600k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $533k
    Blend (final) Blend
    $565k
    Owner & transaction history
    Mankato Brewery LLC · 12 yrs held
    Mankato Brewery LLC
    since 2014
    2 recorded transactions
    2017
    2014
    $902,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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