INDUSTRIAL PROPERTY FOR SALE – PARCEL #3: NEW PRAGUE, MN

1111 4th AVENUE NW - PARCEL #3 New Prague, MN 56071

Listing ID: 41891

$1,700,000

Property For Sale

INDUSTRIAL PROPERTY FOR SALE – PARCEL #3: NEW PRAGUE, MN

■ Approx. 4.1 acres; engineered and developed in 2021

■ 4 Bay Shop—heated and insulated shop is approx. 1,920 SF, in excellent condition built in 2007

■ Heavy duty gravel limestone surface and storm water pipe system in place that leads to creek; paved driveway

■ Conditional Use Permit allows for storage/parking of commercial and recreational vehicles, boats, and equipment

■ Many other uses allowed given this rare limited industrial zoning

■ Lot is screened with fence and trees; entrance is directly on Hwy 21 with great visibility

■ Chart Industries (public company) expanded leased area—now 3 acres, 4.5 years left & renewal, $10,500/month (2% annual increases)

■ Month to month 4 bay shop tenant pays $660/month, Billboard ground lease pays $2,600/year and 8 car gravel area @ $25/car