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Former JTI Building 1043 Southbend Ave
14,000 SF 36% Leased Industrial Building Mankato, MN 56001 £867,900 (£62/SF)
Investment Highlights
- Conveniently located along Hwy 169 South
- Property consists of two buildings
- 20,000 VPD
Executive Summary
Property Facts
| Price | £867,900 | Rentable Building Area | 14,000 SF |
| Price Per SF | £62 | Number of Floors | 1 |
| Sale Type | Investment or Owner User | Year Built | 1956 |
| Property Type | Industrial | Parking Ratio | 3.33/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 11 ft |
| Building Class | C | No. Dock-High Doors/Loading | 1 |
| Lot Size | 0.98 AC | Level Access Doors | 3 |
| Price | £867,900 |
| Price Per SF | £62 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 0.98 AC |
| Rentable Building Area | 14,000 SF |
| Number of Floors | 1 |
| Year Built | 1956 |
| Parking Ratio | 3.33/1,000 SF |
| Clear Ceiling Height | 11 ft |
| No. Dock-High Doors/Loading | 1 |
| Level Access Doors | 3 |
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
warehouse space available for lease. 3,255square feet. $7/sf plus $3/sf operating expenses. could be easily remodeled
Can be combined with neighboring space for 6,795 SF. 11' ceiling height. New Roof. Paved access. 8' high OH Door. Water, but no drains. No Bathrooms.95
This office space connects with the warehouse space in the 9000 SF building. It has a showroom/reception area in the front plus 2 bathrooms. There is a warehouse/stockroom behind it which can connect with a 6,795 warehouse behind it. There is drive-up parking right to the front door with 30+ parking stalls. The entire building has a new roof. The traffic count on Hwy 169/60 is 25,000 vehicles per day. The lease rate is $8/sf/yr modified gross is leased with one of the warehouse space. If leased by itself it will be $10/sf/yr. modified gross.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 3,331 SF | Industrial | Partial Build-Out | Now |
| 1st Floor | 3,464 SF | Industrial | - | Now |
| 1st Floor | 2,205 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 3,331 SF |
| Space Use |
| Industrial |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Floor
| Size |
| 3,464 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| Now |
1st Floor
| Size |
| 2,205 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size | 3,331 SF |
| Space Use | Industrial |
| Condition | Partial Build-Out |
| Available | Now |
warehouse space available for lease. 3,255square feet. $7/sf plus $3/sf operating expenses. could be easily remodeled
1st Floor
| Size | 3,464 SF |
| Space Use | Industrial |
| Condition | - |
| Available | Now |
Can be combined with neighboring space for 6,795 SF. 11' ceiling height. New Roof. Paved access. 8' high OH Door. Water, but no drains. No Bathrooms.95
1st Floor
| Size | 2,205 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
This office space connects with the warehouse space in the 9000 SF building. It has a showroom/reception area in the front plus 2 bathrooms. There is a warehouse/stockroom behind it which can connect with a 6,795 warehouse behind it. There is drive-up parking right to the front door with 30+ parking stalls. The entire building has a new roof. The traffic count on Hwy 169/60 is 25,000 vehicles per day. The lease rate is $8/sf/yr modified gross is leased with one of the warehouse space. If leased by itself it will be $10/sf/yr. modified gross.
PROPERTY TAXES
| Parcel Number | R50-08-22-227-003 | Improvements Assessment | £368,463 |
| Land Assessment | £46,314 | Total Assessment | £414,777 |
PROPERTY TAXES
zoning
| Zoning Code | Commercial |
| Commercial |
-
Jon Kietzer -
Landmark Real Estate
Presented by
Former JTI Building | 1043 Southbend Ave
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