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1400 2nd St SE 54,962 SF Vacant Industrial Building Waseca, MN 56093 $2,200,000 ($40.03/SF)

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INVESTMENT HIGHLIGHTS

  • Light industrial facility with many amenities
  • Easy access to US Highway 14, and only 13 miles to I-35, a key distribution route through Minnesota
  • Fully functioning paint room with exhaust fans
  • Conveniently located in Waseca between the two larger cities of Mankato and Owatonna
  • Includes 13 grade level doors (3 oversized), 22’ clear height, built-in cranes, and heavy power
  • Immediate possession

EXECUTIVE SUMMARY

Located on the southern end of Waseca in the City’s industrial park, this large light industrial building offers many attractive amenities. For the industrial/light manufacturing user this building has it all: OHD with clear up 16’, 17 cranes (2-10 ton), ceiling height up to 22’ in some areas, large cold storage building, private offices, dock, 480 phase power, floor drains, restrooms, and the entire building is sprinkled. Forced gas heat/air supply the office area and radiant heat is in the industrial area. Paint room with exhaust fans. Large parking lot for heavy truck traffic, 40 parking stalls, and easy access off of Highway 13. This property is available NOW and will suit a wide range of uses. Inquire today!
The property is situated conveniently between Mankato and Owatonna, MN, with immediate access to US Hwy-14. U.S. Highway 14 runs as an east-west freeway bypass just south of the city. At the same time, Minnesota Highway 13 passes through the city as State Street, running north-south.

PROPERTY FACTS

Price $2,200,000
Price Per SF $40.03
Sale Type Investment or Owner User
Sale Condition Lease Option
Property Type Industrial
Property Subtype
Manufacturing
  • Industrial Distribution
  • Industrial Warehouse
Building Class C
Lot Size 4.22 AC
Rentable Building Area 54,962 SF
No. Stories 1
Year Built 1963
Parking Ratio 0.73/1,000 SF
Clear Ceiling Height 20’
No. Dock-High Doors/Loading 1
No. Drive In / Grade-Level Doors 13
Opportunity Zone Yes
Zoning I-2 - Moderate Industry District

AMENITIES

  • Signage
  • Accent Lighting
  • Storage Space
  • Air Conditioning

UTILITIES

  • Gas - Natural

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17.227.0010
Land Assessment
$147,200
Improvements Assessment
$774,400
Total Assessment
$921,600
  • Listing ID: 29633629

  • Date on Market: 9/27/2023

  • Last Updated:

  • Address: 1400 2nd St SE, Waseca, MN 56093

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