Parcel
#:
|
82.03759.00
82.03759.01
82.03758.00
82.03757.00
|
Zoning:
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Polk County
[see zoning map] |
Location:
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1200 Bruce Street.
[see available property
map] |
Owner:
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Don Sargeant, Board Member
(218) 687-4830 or (218) 686-6840
|
Building
Size:
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60,000 total sq ft
- Building A
Built in 1985 with 38,400 sq. ft.
- Building B
Built in 1994 with 20,496 sq. ft.
- Building C
Built in 2000 with pole framed structure of 4,800 sq. ft.
|
Building
Description:
|
Building A built in 1985
is a one story 38,400 sq ft tilt-up concrete building with 20
foot clear ceiling and 24 foot walls and 5 inch concrete floor.
It contains 23,600 sq ft of production space with central compressed
air and vacuum system with air make up units. There is a sprinkler
system throughout the facility. There are 4 overhead cranes with
2 ton capacity. Electrical service is 120/208 volt with two 800
amp main panels and hot water boiler system for heating. The
overhead door is 16’ by 14’. The building contains
an air conditioned office suite on the main level and meeting
and break rooms on the second floor with a combined total of
7,916 sq ft.
Building B built in 1994 is
a one story steel structure with 20,496 sq ft of production
area with a 5 inch concrete floor. The building is
insulated and used for finishing and shipping/receiving.
There are bathrooms on the main floor and an office
area of 1,008 sq ft on the second floor. Electrical
system is an 800 amp main panel and heating is by gas
heaters with air make up unit. There are two overhead
doors associated with a shipping/receiving well and
an additional overhead door for production work.
Building C built in 2000 is
a pole framed structure of 4,800 sq ft utilized for
non-heated storage.
|
Lot
Description:
|
The site consists of 371,114 square feet at
the intersection of Bruce and 3rd Avenue Southwest. It is
zoned for heavy industrial with water, sanitary sewer and
storm sewer from the City of Crookston. Natural gas is provided
by Great Plains Natural Gas and electricity by Otter Tail
Power Company. There site has concrete curbs, gutters and
street lights with security fence. 41,490 sq ft on the site
is paved for parking of 80 cars and connects the buildings.
|
Other:
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Minnesota Job Opportunity Building Zones (JOBZ) – Minnesota
Corporate Income Tax Credit or rebate of higher paying jobs,
no sales tax on goods and services, no corporate income tax.
Crookston Housing & Economic Development Authority (CHEDA) – Business
loans up to $500,000 through Minnesota Community Capital
fund, intermediary relending loans up to $150,000, and revolving
loans up to $75,000.
Midwest Minnesota Community Development Corporation (MMCDC)
- New Market Tax Credit program offers 7 year interest only
loans with lower equity requirements and debt forgiveness.
|
Market
Value:
|
Estimated replacement cost for property and facilities
is $4.5M |
Sale
Price:
|
Property is appraised at about $1.5M
|
