400 Cherry St - Manufacturing FOR SALE


Kasota, MN 56050
$5,495,000 USD
651-621-2550
400 Cherry St, Kasota, MN for Sale
$5,495,000 USD
Manufacturing - FOR SALE
1/18
null | Request Cap Rate

400 Cherry St
Kasota, MN 56050


HIGHLIGHTS

  • Clear span building
  • Rail access
  • Outdoor Storage

OVERVIEW

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

FOR SALE DETAILS

PRICE

$5,495,000 USD

PRICE/SF

$62 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

Distribution, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

UTILITIES

Gas, Water, Sewer

CLEAR CEILING HT

28 Ft

DOCKS

6

DRIVE INS

7

PARKING SPACES

-

LAND DETAILS

LAND ACRES

10.58

LAND SF

460,865

ZONING

M-2

APN/PARCEL ID

15.600.0040,18.450.0020

ASK ABOUT THIS PROPERTY

Eric DueholmThe Terrace GroupMore Info
651-621-2550

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Eric DueholmThe Terrace GroupMore Info
651-621-2550

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