Discover the exceptional 1031 opportunity at 400 Cherry Street West—a prime acquisition of a clear span building with remarkable potential, perfectly positioned between Mankato and St. Peter. This facility boasts seven drive-ins, six docks—three of which were newly added in 2023—and nine overhead cranes spanning the entire building length. Currently leased to a single tenant with deep local roots on a NNN lease, this property sits on over 10.5 acres, offering ample room for expansion. Additionally, the site features direct rail access, enhancing its strategic appeal.
Property Features
• 89,000 total square foot building - 80,000 industrial and 9,000 office
• 6 dock doors (3 with levelers)
• 7 drive-in doors
• 28’ clear height
• Outdoor storage
• 10.58 acres
• Easy access to Highway 169
• Sale price $5,495,000
• 2023 taxes $38,752