A BIG piece of Ipswich's history is about to go under the hammer with the Jacaranda butter factory in Booval on the market.
Agent Ray White Commercial is calling for expressions of interest for the historic 3.72 hectare site on Jacaranda St.
The butter factory closed in 2010 after 110 years producing butter and milk and employing countless people.
The factory was established by the Queensland Farmers' Co-op Association Limited - later known as Dairy Farmers.
In 1962 the factory produced 9.5 million pounds of butter and three million gallons of milk and provided 10,000 bottles of milk to 82 schools in and around Ipswich.
The factory was most famous for making Jacaranda Iced Coffee that still has a cult following and even has its own Facebook page.
Ray White Commercial real estate agent Damian McMahon said the site would be home to a significant redevelopment.
"Basically what's for sale is the old Jacaranda Milk factory, over 10,000 square metres of building area on 3.72 hectares," Mr McMahon said.
"It's a good site, zoned special opportunity. It's on the rail corridor, a couple of minutes drive to the drive to the CBD and walking distance to Booval train station.
"There are a variety of groups that we've targeted; obviously residential developers - townhouse developing groups - as a nice, large inner-suburban development. It has got some retail convenience use potential as well.
"With these facilities, sporting groups could certainly utilise a lot of the improvements. So they are groups we have also approached.
"But we're not limiting it to anybody who thinks they could utilise such a big parcel."
While loath to guess what the market might pay, he expected the site to fetch between $2 million and $5 million.
"Something like this, it's substantial so you would imagine the development would reflect that," he said.
"It would need to be one of the bigger guys who would need to take this on.
"There's not a lot of these sites come on the market. They are rare, especially in this corridor.
"You have Riverlink on the other side of the river but there really hasn't been anything of this scale recently in this immediate area.
"It's one of the few at the moment that are available to be able to do something of this size."
Expressions of interest close 4pm on Friday, May 31.
Update your news preferences and get the latest news delivered to your inbox.