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1401 Saint Andrew St 62,000 SF 100% Leased Industrial Building La Crosse, WI 54603 $1,200,000 ($19.35/SF)

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INVESTMENT HIGHLIGHTS

  • Equipped with 3-phase power, sprinkler system, large industrial elevator, and fiber optic.
  • Eligible for national historical designation and federal tax credits.
  • Zoned Industrial F-1 with few restrictions for redevelopment.
  • Open space ready for build-out and further equipping.

EXECUTIVE SUMMARY

Lots of current development throughout the county. La Crosse is a city with a strong economic hub and a new comprehensive plan with a mandate requiring new housing. Businesses are flooding into the area and development is booming with TIF district financing available. New housing and commercial went up right next door in the last 12 months, with more in planning. Industrial F-1 is the least restrictive type of zoning.
The main building is approximately 80'x150' four stories plus a basement and is mostly concrete and brick, with lots of natural light and maple flooring throughout. 12 foot ceilings and lofted ceiling on the top floor. The second building is a connected 7,000sq.ft, single-story clear span and features a two-door loading dock. Extremely sturdy F1 industrial construction. Inside is open and ready for build-out. There are currently two tenants occupying the first and part of the third floors of the building with annual leases. New electrical and water service to building 2021. Fully sprinklered, large industrial elevator, fiber optic. This property is considered a local historical property and is likely eligible for national historical designation and therefor historical federal tax credits. Property is also located within an Opportunity Zone.

PROPERTY FACTS

Price $1,200,000
Price Per SF $19.35
Sale Type Investment
Sale Conditions
1031 Exchange
  • Sale Leaseback
  • Lease Option
  • Redevelopment Project
  • Building in Shell Condition
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Distribution
  • Industrial Manufacturing
Building Class C
Lot Size 0.67 AC
Rentable Building Area 62,000 SF
No. Stories 4
Year Built/Renovated 1923/2018
Parking Ratio 0.48/1,000 SF
Clear Ceiling Height 11’
No. Dock-High Doors/Loading 1
No. Drive In / Grade-Level Doors 1
Opportunity Zone Yes
Zoning Industrial - Industrial F-1 Foundry 1 is the most open type of zoning

AMENITIES

  • Fluorescent Lighting

UTILITIES

  • Lighting
  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
017-010290-023
Land Assessment
$122,300
Improvements Assessment
$120,100
Total Assessment
$242,400
  • Listing ID: 31459089

  • Date on Market: 4/9/2024

  • Last Updated:

  • Address: 1401 Saint Andrew St, La Crosse, WI 54603

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