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$ 3,200,000
Est. payment /mo
Active
391 Old Hwy 12 W Ortonville, MN 56278
5 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 6825889
Year Built 1960
Annual Tax Amount $6,843
Tax Year 2025
Contingent None
Lot Size 5.000 Acres
Lot Dimensions Irregular
Property Description
This is a 100% leased, single tenant NNN industrial investment in Ortonville, Minnesota. The 94,632 SF warehouse is leased to a Top Fortune 500 company in agribusiness. The building is being converted from refrigerated to ambient storage. The property offers day one cash flow from a newly executed lease. It is priced at an 11.24% in place cap rate, and built in annual rent escalations grow income over the term. At $33.82/SF, the price is a low basis for a functional industrial building.
The building sits on approximately 5 acres zoned industrial. It has four loading docks, 16'–20' ceiling heights and full sprinkler coverage, with room to expand. The site is in the City of Ortonville's Opportunity Zone, in an established agricultural market with regional access to Minnesota, South Dakota and North Dakota.
The building sits on approximately 5 acres zoned industrial. It has four loading docks, 16'–20' ceiling heights and full sprinkler coverage, with room to expand. The site is in the City of Ortonville's Opportunity Zone, in an established agricultural market with regional access to Minnesota, South Dakota and North Dakota.
Location
State MN
County Big Stone
Zoning Industrial
Rooms
Basement None
Interior
Heating Other
Cooling Zoned
Inclusions Building, Fixture/Equipment
Fireplace No
Exterior
Parking Features Parking Lot
Garage Spaces 4.0
Utilities Available Electric Common, Heating Separate
Roof Type Metal
Present Use Warehouse
Building
Story One
Foundation 94000
Sewer Septic System Compliant - Yes
Water City Water/Connected
Level or Stories One
Structure Type Steel Siding
New Construction false
Schools
School District Ortonville Area
Listed by James Jensen • RE/MAX Now (Valley City)