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1920 Lookout Dr 60,000 SF Industrial Condo Unit Offered at $7,850,000 in North Mankato, MN 56003



Investment Highlights
- Located along Lookout Drive, offering strong visibility and exposure.
- Features two drive-in doors, two delivery doors, and three dock doors for diverse operational needs.
- Flexible design accommodates industrial, office, and professional service uses.
- Immediate access to U.S. Highway 14 provides seamless regional connectivity.
- Surrounding area includes major industrial and commercial businesses.
- Portion of the property is income-producing, with balance available for immediate user occupancy.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | APN/Parcel ID | R-18.678.0110, R-18.678.0100, R-18.678.0090, R-18.678.0080, R-18.678.0070, R-18.678.0060 |
| Sale Type | Investment or Owner User |
| APN/Parcel ID | R-18.678.0110, R-18.678.0100, R-18.678.0090, R-18.678.0080, R-18.678.0070, R-18.678.0060 |
Description
1910 Lookout Drive presents a rare investment or owner-user opportunity in one of North Mankato’s established industrial corridors. Situated within a 100,000-square-foot facility, this offering includes 60,000 square feet under separate ownership, featuring strong infrastructure and flexible functionality. Approximately 20,000 square feet is currently leased to an existing tenant, creating a steady in-place income stream, while 40,000 square feet is available for immediate occupancy, allowing an owner-user to occupy part or all of the vacant space.
The property features excellent visibility and accessibility, with direct access to U.S. Highway 14 and proximity to major arterial routes supporting regional logistics. The location is surrounded by retail, healthcare, and light industrial businesses, further reinforcing long-term demand. Fully equipped with two drive-in doors, two delivery doors, and three dock doors, the facility is adaptable for warehouse, manufacturing, or mixed operational use. Its versatile configuration and prime position make this asset uniquely positioned for both current income return and future appreciation potential.
The property features excellent visibility and accessibility, with direct access to U.S. Highway 14 and proximity to major arterial routes supporting regional logistics. The location is surrounded by retail, healthcare, and light industrial businesses, further reinforcing long-term demand. Fully equipped with two drive-in doors, two delivery doors, and three dock doors, the facility is adaptable for warehouse, manufacturing, or mixed operational use. Its versatile configuration and prime position make this asset uniquely positioned for both current income return and future appreciation potential.
Sale Notes
1910 Lookout Drive presents a rare investment or owner-user opportunity in one of North Mankato’s established industrial corridors. Situated within a 100,000-square-foot facility, this offering includes 60,000 square feet under separate ownership, featuring strong infrastructure and flexible functionality.
Approximately 20,000 square feet is currently leased to an existing tenant, creating a steady in-place income stream, while 40,000 square feet is available for immediate occupancy, allowing an owner-user to occupy part or all of the vacant space. The property features excellent visibility and accessibility, with direct access to U.S. Highway 14 and proximity to major arterial routes supporting regional logistics. The location is surrounded by retail, healthcare, and light industrial businesses, further reinforcing long-term demand. Fully equipped with two drive-in doors, two delivery doors, and three dock doors, the facility is adaptable for warehouse, manufacturing, or mixed operational use. Its versatile configuration and prime position make this asset uniquely positioned for both current income return and future appreciation potential.
Approximately 20,000 square feet is currently leased to an existing tenant, creating a steady in-place income stream, while 40,000 square feet is available for immediate occupancy, allowing an owner-user to occupy part or all of the vacant space. The property features excellent visibility and accessibility, with direct access to U.S. Highway 14 and proximity to major arterial routes supporting regional logistics. The location is surrounded by retail, healthcare, and light industrial businesses, further reinforcing long-term demand. Fully equipped with two drive-in doors, two delivery doors, and three dock doors, the facility is adaptable for warehouse, manufacturing, or mixed operational use. Its versatile configuration and prime position make this asset uniquely positioned for both current income return and future appreciation potential.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1 | 60,000 SF | Industrial | $7,850,000 ($130.83/SF) | - |
Unit 1
| Unit Size |
| 60,000 SF |
| Condo Use |
| Industrial |
| Price |
| $7,850,000 ($130.83/SF) |
| NOI |
| - |
1 of 6
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Unit 1
| Unit Size | 60,000 SF |
| Condo Use | Industrial |
| Price | $7,850,000 ($130.83/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| APN/Parcel ID | R-18.678.0110, R-18.678.0100, R-18.678.0090, R-18.678.0080, R-18.678.0070, R-18.678.0060 |
| Description | |
| 1910 Lookout Drive presents a rare investment or owner-user opportunity in one of North Mankato’s established industrial corridors. Situated within a 100,000-square-foot facility, this offering includes 60,000 square feet under separate ownership, featuring strong infrastructure and flexible functionality. Approximately 20,000 square feet is currently leased to an existing tenant, creating a steady in-place income stream, while 40,000 square feet is available for immediate occupancy, allowing an owner-user to occupy part or all of the vacant space.<br> The property features excellent visibility and accessibility, with direct access to U.S. Highway 14 and proximity to major arterial routes supporting regional logistics. The location is surrounded by retail, healthcare, and light industrial businesses, further reinforcing long-term demand. Fully equipped with two drive-in doors, two delivery doors, and three dock doors, the facility is adaptable for warehouse, manufacturing, or mixed operational use. Its versatile configuration and prime position make this asset uniquely positioned for both current income return and future appreciation potential.</li></ul> | |
| Sale Notes | |
| 1910 Lookout Drive presents a rare investment or owner-user opportunity in one of North Mankato’s established industrial corridors. Situated within a 100,000-square-foot facility, this offering includes 60,000 square feet under separate ownership, featuring strong infrastructure and flexible functionality. <br> <br> Approximately 20,000 square feet is currently leased to an existing tenant, creating a steady in-place income stream, while 40,000 square feet is available for immediate occupancy, allowing an owner-user to occupy part or all of the vacant space. The property features excellent visibility and accessibility, with direct access to U.S. Highway 14 and proximity to major arterial routes supporting regional logistics. The location is surrounded by retail, healthcare, and light industrial businesses, further reinforcing long-term demand. Fully equipped with two drive-in doors, two delivery doors, and three dock doors, the facility is adaptable for warehouse, manufacturing, or mixed operational use. Its versatile configuration and prime position make this asset uniquely positioned for both current income return and future appreciation potential.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 90,231 SF | Floors | 1 |
| Property Type | Industrial (Condo) | Typical Floor Size | 90,231 SF |
| Property Subtype | Warehouse | Year Built | 1994 |
| Building Class | C | Lot Size | 3.00 AC |
| Total Building Size | 90,231 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Warehouse |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 90,231 SF |
| Year Built | 1994 |
| Lot Size | 3.00 AC |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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1920 Lookout Dr
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