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120 Mensing Dr 9,000 SF Industrial Building Silver Bay, MN 55614 $795,000 ($88.33/SF)

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INVESTMENT HIGHLIGHTS

  • Cannabis Friendly Area

EXECUTIVE SUMMARY

Cannabis Cultivation
The owner is upgrading the facility to meet the Office of Cannabis Management's security guidelines. Currently, it has a large indoor water reservoir that could be converted to a manufacturing area and a large cultivation center ready for you to start on day 1. Minutes from Duluth and located ideally on the shores of Lake Superior, this facility is primed to be a key partner in the cannabis industry in the northwest. Sitting on a full acre of land would allow for growth or additional area to expand the cultivation area.

PROPERTY FACTS

Price $795,000
Price Per SF $88.33
Sale Type Owner User
Property Type Industrial
Property Subtype
Service
  • Industrial Food Processing
  • Industrial Manufacturing
  • FlexLight Distribution
Building Class B
Lot Size 0.97 AC
Rentable Building Area 9,000 SF
No. Stories 2
Year Built 2012
Tenancy Single
Parking Ratio 2.22/1,000 SF
Clear Ceiling Height 10’
No. Dock-High Doors/Loading 1
No. Drive In / Grade-Level Doors 2
Opportunity Zone Yes
Zoning Commercial/Agricultural - Agricultural/ retail/commercial -- change use to tourist attraction destination, recreation, food, entertainment, craft brewery

AMENITIES

  • Cooler
  • Floor Drains
  • Raised Floor
  • Skylights
  • USDA/FDA
  • Fluorescent Lighting

UTILITIES

  • Gas - Propane
  • Water - City
  • Sewer - City
  • Heating - Gas

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
22-7404-04010
Land Assessment
$39,700
Improvements Assessment
$253,900
Total Assessment
$293,600
  • Listing ID: 35249814

  • Date on Market: 3/25/2025

  • Last Updated:

  • Address: 120 Mensing Dr, Silver Bay, MN 55614

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