223 1St AveClara City, MN 56222

For Sale
$7,600,000

220,000 SF Industrial Facility - MN

Overview

Added:
Dec 11, 2024
Days on market:
94
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.

Highlights

  • 2000 & 2009 construction distribution center.
  • 27.5-foot clear height.
  • 35+ acre site allows for future expansion.
  • Heavy power: 3000 AMP, 120/208V, 3-phase (Buildings A-D); 800 AMP, 480V, 3-phase (Buildings E-F).
  • Currently leased through August 2024, providing a strong income stream.
  • Contact broker for details.

Location Insight

City
Clara City
County
Chippewa
State
Minnesota
Latitude
44.957888
Longitude
-95.3583283
223 1St Ave, Clara City, Minnesota

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223 1St Ave
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