1230 State St N - Manufacturing FOR SALE


Waseca, MN 56093
$3,800,000 USD
651-343-1889
1230 State St N, Waseca, MN for Sale
$3,800,000 USD
Manufacturing - FOR SALE
1/5
null | 10% Cap Rate

1230 State St N
Waseca, MN 56093


HIGHLIGHTS

  • Cannabis Approved Location - Commercial Kitchen - Loading Docks - High Power Available - FULL HVAC in Place.

OVERVIEW

FOR LEASE OR SALE - INVESTMENT HIGHLIGHTS 10% Cap Rate (Actual Income, With Term) 100% Leased with FULL NNN reimbursements All tenant spaces in excellent condition Value-Add Redevelopment opportunity Upside via re-tenanting, expansion, or conversion to storage/industrial Strong regional draw from Bomgaars Fleet & Farm Call broker for full financials, rent roll, & redevelopment scenarios PROPERTY SUMMARY A highly improved ±35,000 SF (expandable) commercial facility ideal for retail, self-storage conversion, cannabis manufacturing/extraction, food or beverage processing, cold storage, or distribution. The property includes millions of dollars of existing improvements—hoods, walk-in coolers, food prep buildout, loading docks, and full commercial HVAC—representing a rare turn-key opportunity for users or investors. Located just off I-35 with immediate access to HWY 14, the site provides exceptional north/south and east/west distribution connectivity. The center is co-anchored by Bomgaars Fleet & Farm and sits within Waseca, the county seat of Waseca County, offering a stable workforce and pro-business environment. KEY FEATURES & INFRASTRUCTURE ±35,000 SF (Suite 1230) expandable footprint Hood systems, walk-in coolers/freezers, food-prep areas Multiple loading docks + grade loading Full HVAC throughout conditioned production areas 1600 amps / 208v power in place 480v available for heavy manufacturing Excellent box condition; minimal deferred maintenance LOCATION ADVANTAGES 1 hour south of Minneapolis on I-35 Direct access to HWY 14 (east/west freight) Strong regional trade area County seat with stable infrastructure & labor base

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$87 USD /SF

CAP RATE

10%

% LEASED

-

TENANCY

Single

STATUS

Proposed

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Retail / Cannabis Extraction / Food MFG

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2027

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

17.217.0040

ASK ABOUT THIS PROPERTY

Dixon DieboldReUrban, LLCMore Info
651-343-1889

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Dixon DieboldReUrban, LLCMore Info
651-343-1889

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