155 1st St S, Winthrop, IA 50682

Sealed Bid Auction - Winthrop Business Center - Selling Absolute Bids Due: Thursday, October 30th at 5:00 PM (CST) Peoples Company is pleased to present the Winthrop Business Center, a versatile industrial, warehouse, and office complex located at 155 1st Street S in Winthrop, Iowa. This opportunity will be offered through a NO RESERVE sealed bid auction, with all bids due by 5:00 PM Central on Thursday, October 30. The property is situated on 7.75 acres within the city limits of Winthrop and is zoned Commercial and Light Industrial, offering flexibility for a wide variety of business uses. The one-story manufacturing and warehouse facility comprises several buildings constructed between 1970 and 1998, totaling 123,240 square feet. The manufacturing and warehouse area is comprised of 103,000 square feet of interconnected buildings and an additional 14,400 square foot storage building. Complementing the industrial space is a 5,760 square foot office with a reception area, multiple individual offices, and a large conference room. The property was previously used for plastics manufacturing, storage, and shipping. All electrical is in place to facilitate the manufacturing of all types of products. The property has over 40,000 square feet of paved surface with ample areas for parking and truck traffic to the loading dock area. The Buchanan County Economic Development Commission is eager to work with the Buyer(s) to assist in securing funding and jobs to facilitate manufacturing at the site. The Winthrop Business Center offers excellent transportation advantages. The facility is immediately adjacent to the Canadian National Railroad and benefits from direct access to four-lane US Highway 20 via the nearby Winthrop interchange, providing efficient connectivity to the Interstate highway system and surrounding regional markets. This property presents a unique opportunity for owner-operators, investors, or expanding companies seeking a well-located industrial and business hub in Eastern Iowa. A portion of the property is currently leased, including approximately 20,000 square feet of warehouse space and individual offices. These leases may be assumed by a new owner or terminated, leaving the entire facility open for the new operator at closing. Do not miss the opportunity to acquire this versatile industrial warehouse complex with excellent access, rail proximity, and strong redevelopment potential.