1920 Lookout Dr - Warehouse CONDO FOR SALE


North Mankato, MN 56003
$7,850,000 USD
507-317-2353
1920 Lookout Dr, North Mankato, MN for Sale
$7,850,000 USD
Warehouse CONDO - FOR SALE
1/14
null | Request Cap Rate

1920 Lookout Dr
North Mankato, MN 56003


HIGHLIGHTS

  • Located along Lookout Drive, offering strong visibility and exposure.
  • Immediate access to U.S. Highway 14 provides seamless regional connectivity.
  • Features two drive-in doors, two delivery doors, and three dock doors for diverse operational needs.
  • Surrounding area includes major industrial and commercial businesses.
  • Flexible design accommodates industrial, office, and professional service uses.
  • Portion of the property is income-producing, with balance available for immediate user occupancy.

OVERVIEW

1910 Lookout Drive presents a rare investment or owner-user opportunity in one of North Mankato’s established industrial corridors. Situated within a 100,000-square-foot facility, this offering includes 60,000 square feet under separate ownership, featuring strong infrastructure and flexible functionality. Approximately 20,000 square feet is currently leased to an existing tenant, creating a steady in-place income stream, while 40,000 square feet is available for immediate occupancy, allowing an owner-user to occupy part or all of the vacant space. The property features excellent visibility and accessibility, with direct access to U.S. Highway 14 and proximity to major arterial routes supporting regional logistics. The location is surrounded by retail, healthcare, and light industrial businesses, further reinforcing long-term demand. Fully equipped with two drive-in doors, two delivery doors, and three dock doors, the facility is adaptable for warehouse, manufacturing, or mixed operational use. Its versatile configuration and prime position make this asset uniquely positioned for both current income return and future appreciation potential.

FOR SALE DETAILS

PRICE

$7,850,000 USD

PRICE/SF

$131 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

90,231 SF

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3 AC

LAND SF

130,680 SF

ZONING

-

APN/PARCEL ID

R-18.678.0020,R-18.678.0030,R-18.678.0040,R-18.678.0050,R-18.678.0060,R-18.678.0070,R-18.678.0080,R-18.678.0090,R-18.678.0100,R-18.678.0110

ASK ABOUT THIS PROPERTY

James HalburKW Commercial MidwestMore Info
507-317-2353

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James HalburKW Commercial MidwestMore Info
507-317-2353

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