1119 Center St
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1119 Center St
23,890 SF Industrial Building North Mankato, MN 56003 $5,173,765 CAD ($217 CAD/SF)
Investment Highlights
- Prime location in North Mankato.
- Updated electrical and HVAC systems.
- High ceilings for manufacturing operations.
Executive Summary
Key Drivers:
Seasonal Beers: Introducing new seasonal beers in Sampler Packs and limited seasonal releases.
Core Beers: Mad Butcher IPA is our leading core brand of total beer sales. Other core brands include Rhuby Rhubarb Sour, Kato Lager, and Organ Grinder Amber Ale.
Independent Brewer: 2023 sold 3,761 bbls of beer and listed as the 19th largest independent brewery in MN per the 2023 Brewer’s Association production data.
Distribution: 12 partner distributors covering Minnesota, eastern North Dakota, easter South Dakota and northern Iowa.
Events and Promotions: Hosting events in our brewery taproom has been a great way to support local organizations and provide a space for the public to use.
Local Partnerships: Collaborations with local businesses and artists have increased community engagement and sales.
Additional Building/Land Information:
Expansion Opportunities: Potential for expanding distribution channels, taproom space, or introducing new product lines.
Land: Lot Size 80,891 SF or 1.86 Acres
Description: Warehouse/Production Area for General Brewing Area (GBA) with a Bar and Office Space
Age: 1976 & 2000
Gross Building Area: 23,875 SF
Main warehouse 24-foot sidewalls & 26-foot peak (to insulation)
Refrigerated warehouse 18-foot sidewalls & 20-foot peak (includes a 20x24 cooler in this pace)
Two loading docks
Two overhead doors 14’x14’ from main to outside & 10’x10’ overhead door to refrigerated warehouse.
Office Area: 1,644 SF or 7% of GBA
Refrigerated Warehouse: 4,200 SF or 18% of GBA
Mezzanine Area: (Not Incl. In GBA) 535 SF – 60% Finished
Additional Brewing Information:
Brewhouse: The company utilizes a 15-barrel (bbl) brew system and sells its beer products in local and regional restaurants and bars, via beer distributors, as well as at its onsite taproom.
Equipment: Assets include brew house, fermenter tanks, hot liquor tank, brite tanks, canning line, keg washer, beer filter, lab equipment, boiler, chiller and refrigeration equipment, bar equipment, furniture, fixtures, and related items.
Seasonal Beers: Introducing new seasonal beers in Sampler Packs and limited seasonal releases.
Core Beers: Mad Butcher IPA is our leading core brand of total beer sales. Other core brands include Rhuby Rhubarb Sour, Kato Lager, and Organ Grinder Amber Ale.
Independent Brewer: 2023 sold 3,761 bbls of beer and listed as the 19th largest independent brewery in MN per the 2023 Brewer’s Association production data.
Distribution: 12 partner distributors covering Minnesota, eastern North Dakota, easter South Dakota and northern Iowa.
Events and Promotions: Hosting events in our brewery taproom has been a great way to support local organizations and provide a space for the public to use.
Local Partnerships: Collaborations with local businesses and artists have increased community engagement and sales.
Additional Building/Land Information:
Expansion Opportunities: Potential for expanding distribution channels, taproom space, or introducing new product lines.
Land: Lot Size 80,891 SF or 1.86 Acres
Description: Warehouse/Production Area for General Brewing Area (GBA) with a Bar and Office Space
Age: 1976 & 2000
Gross Building Area: 23,875 SF
Main warehouse 24-foot sidewalls & 26-foot peak (to insulation)
Refrigerated warehouse 18-foot sidewalls & 20-foot peak (includes a 20x24 cooler in this pace)
Two loading docks
Two overhead doors 14’x14’ from main to outside & 10’x10’ overhead door to refrigerated warehouse.
Office Area: 1,644 SF or 7% of GBA
Refrigerated Warehouse: 4,200 SF or 18% of GBA
Mezzanine Area: (Not Incl. In GBA) 535 SF – 60% Finished
Additional Brewing Information:
Brewhouse: The company utilizes a 15-barrel (bbl) brew system and sells its beer products in local and regional restaurants and bars, via beer distributors, as well as at its onsite taproom.
Equipment: Assets include brew house, fermenter tanks, hot liquor tank, brite tanks, canning line, keg washer, beer filter, lab equipment, boiler, chiller and refrigeration equipment, bar equipment, furniture, fixtures, and related items.
Property Facts
| Price | $5,173,765 CAD | Rentable Building Area | 23,890 SF |
| Price Per SF | $217 CAD | No. Stories | 1 |
| Sale Type | Investment | Year Built/Renovated | 1976/2000 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 1.47/1,000 SF |
| Building Class | C | Clear Ceiling Height | 12 ft |
| Lot Size | 1.84 AC | No. Dock-High Doors/Loading | 1 |
| Price | $5,173,765 CAD |
| Price Per SF | $217 CAD |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.84 AC |
| Rentable Building Area | 23,890 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1976/2000 |
| Tenancy | Single |
| Parking Ratio | 1.47/1,000 SF |
| Clear Ceiling Height | 12 ft |
| No. Dock-High Doors/Loading | 1 |
Amenities
- Cooler
- Courtyard
- Fenced Lot
- Mezzanine
- Security System
- Signage
- Accent Lighting
- Storage Space
- Air Conditioning
- Fiber Optic Internet
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
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zoning
| Zoning Code | Commercial (Commercial) |
| Commercial (Commercial) |
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1119 Center St
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