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$3,200,000

0 Beds 0 Baths 94,000 SQFT 5.00 Acres
Type: Commercial

391 Old Hwy 12 W
Ortonville, MN 56278

MLS#: 6825889
Jordan Savageau
Jordan Savageau
The Real Estate Advantage
Agent
Phone: 651.983.4590
Office: 763.755.1100
Presented by: RE/MAX Now (Valley City)

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.


 

Interior Features

Other Interior Features

BasementNone
Basement (Y/N)No
Ceiling Height16-20
Foundation Dimensionsirregular
FuelElectric, Other

General

AccessibilityNone
Additional Parcels Y/NNo
CityOrtonville
Construction MaterialsSteel Siding
ContingencyNone
CoolingZoned
CountyBig Stone
Current UseWarehouse
Directionseast side of Ortonville at the intersection of highway 75 and Highway 12
Garage Spaces4
HeatingOther
High School DistrictOrtonville Area
Land Lease Y/NNo
Lender OwnedNo
LevelsOne
Lot Size UnitsAcres
New ConstructionNo
Number Of Units Total1
Possible UseWarehouse
PostalCityOrtonville
Property TypeCommercial Sale
RoofMetal
SewerSeptic System Compliant - Yes
Standard StatusActive
Tax Annual Amount$6,843
Tax Year2025
UtilitiesElectric Common, Heating Separate
Year Built1960
Zoning DescriptionIndustrial

Exterior

Building Area Total94,000 sqft
Foundation Area94,000 sqft
InclusionsBuilding, Fixture/Equipment
Lot DimensionsIrregular
Lot Size Area5 sqft
Parking FeaturesParking Lot
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School N/A
Middle School N/A
Elementary School N/A

  

Similar Properties

$3,200,000

0 Beds 0 Baths 94,000 SQFT 5.00 Acres
Type: Commercial

391 Old Hwy 12 W
Ortonville, MN 56278

MLS#: 6825889
Jordan Savageau
Jordan Savageau
The Real Estate Advantage
Agent
Phone: 651.983.4590
Office: 763.755.1100