1119 Center St - Warehouse FOR SALE


North Mankato, MN 56003
$3,650,000 USD
507-345-1599
1119 Center St, North Mankato, MN for Sale
$3,650,000 USD
Warehouse - FOR SALE
1/11
null | Request Cap Rate

1119 Center St
North Mankato, MN 56003


HIGHLIGHTS

  • Prime location in North Mankato.
  • High ceilings for manufacturing operations.
  • Updated electrical and HVAC systems.

OVERVIEW

Key Drivers: Seasonal Beers: Introducing new seasonal beers in Sampler Packs and limited seasonal releases. Core Beers: Mad Butcher IPA is our leading core brand of total beer sales. Other core brands include Rhuby Rhubarb Sour, Kato Lager, and Organ Grinder Amber Ale. Independent Brewer: 2023 sold 3,761 bbls of beer and listed as the 19th largest independent brewery in MN per the 2023 Brewer’s Association production data. Distribution: 12 partner distributors covering Minnesota, eastern North Dakota, easter South Dakota and northern Iowa. Events and Promotions: Hosting events in our brewery taproom has been a great way to support local organizations and provide a space for the public to use. Local Partnerships: Collaborations with local businesses and artists have increased community engagement and sales. Additional Building/Land Information: Expansion Opportunities: Potential for expanding distribution channels, taproom space, or introducing new product lines. Land: Lot Size 80,891 SF or 1.86 Acres Description: Warehouse/Production Area for General Brewing Area (GBA) with a Bar and Office Space Age: 1976 & 2000 Gross Building Area: 23,875 SF Main warehouse 24-foot sidewalls & 26-foot peak (to insulation) Refrigerated warehouse 18-foot sidewalls & 20-foot peak (includes a 20x24 cooler in this pace) Two loading docks Two overhead doors 14’x14’ from main to outside & 10’x10’ overhead door to refrigerated warehouse. Office Area: 1,644 SF or 7% of GBA Refrigerated Warehouse: 4,200 SF or 18% of GBA Mezzanine Area: (Not Incl. In GBA) 535 SF – 60% Finished Additional Brewing Information: Brewhouse: The company utilizes a 15-barrel (bbl) brew system and sells its beer products in local and regional restaurants and bars, via beer distributors, as well as at its onsite taproom. Equipment: Assets include brew house, fermenter tanks, hot liquor tank, brite tanks, canning line, keg washer, beer filter, lab equipment, boiler, chiller and refrigeration equipment, bar equipment, furniture, fixtures, and related items.

FOR SALE DETAILS

PRICE

$3,650,000 USD

PRICE/SF

$153 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

12 Ft

DOCKS

1

DRIVE INS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.84

LAND SF

80,150

ZONING

Commercial

APN/PARCEL ID

R-18.557.2870

ASK ABOUT THIS PROPERTY

Jon KietzerLandmark Real EstateMore Info
507-345-1599

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Jon KietzerLandmark Real EstateMore Info
507-345-1599

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.