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120 Mensing Dr 9,000 sq ft Industrial Property Silver Bay, MN 55614 £594,390 (£66.04/sq ft)

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INVESTMENT HIGHLIGHTS

Cannabis Friendly Area

EXECUTIVE SUMMARY

Cannabis Cultivation
The owner is upgrading the facility to meet the Office of Cannabis Management's security guidelines. Currently, it has a large indoor water reservoir that could be converted to a manufacturing area and a large cultivation center ready for you to start on day 1. Minutes from Duluth and located ideally on the shores of Lake Superior, this facility is primed to be a key partner in the cannabis industry in the northwest. Sitting on a full acre of land would allow for growth or additional area to expand the cultivation area.

PROPERTY FACTS

Price	£594,390	No. Floors	2
Price per sq ft	£66.04	Year Built	2012
Sale Type	Owner Occupier	Tenancy	Single
Property Type	Industrial	Parking Allocation	2.22/1,000 sq ft
Property Subtype	Service Industrial - Food Processing Industrial Manufacturing Light Industrial Distribution Warehouses	Eaves Height	10 ft
Costar Property Class	B	No. Dock-High Doors/Loading	1
Total Plot Size	0.97 ac	No. Drive In / Grade-Level Doors	2
Net Internal Area (NIA)	9,000 sq ft	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Use Class	Commercial/Agricultural - Agricultural/ retail/commercial -- change use to tourist attraction destination, recreation, food, entertainment, craft brewery

Price	£594,390
Price per sq ft	£66.04
Sale Type	Owner Occupier
Property Type	Industrial
Property Subtype	Service Industrial - Food Processing Industrial Manufacturing Light Industrial Distribution Warehouses
Costar Property Class	B
Total Plot Size	0.97 ac
Net Internal Area (NIA)	9,000 sq ft
No. Floors	2
Year Built	2012
Tenancy	Single
Parking Allocation	2.22/1,000 sq ft
Eaves Height	10 ft
No. Dock-High Doors/Loading	1
No. Drive In / Grade-Level Doors	2
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Use Class	Commercial/Agricultural - Agricultural/ retail/commercial -- change use to tourist attraction destination, recreation, food, entertainment, craft brewery