For Sale: Ortonville MLS# 6825889
Active
$3,200,000
Commercial: 1 Story
Built 1960
5 acres
Ortonville-Bellingham schools
MLS# 6825889
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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.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$3,200,000
Property Type:
Commercial
City:
Ortonville
Garage Spaces:
4
County:
Big Stone
Year Built:
1960
State:
MN
Property Style:
1 Story
Zip Code:
56278
Interior
Ceiling Height:
16-20
Basement Details:
None
Exterior
Stories:
One
Garage Spaces:
4
Air Conditioning:
Zoned
Foundation Size:
94,000 ft2
Foundation Dimensions:
Irregular
Handicap Accessible:
None
Heating System:
Other
Parking Features:
Parking Lot
Exterior Material:
Steel Siding
Roof Details:
Metal
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
5
Geolocation:
45.29024, -96.452139
Inclusions:
Building, Fixture/Equipment
Lot Dimensions:
Irregular
Zoning:
Industrial
Schools
School District:
2903
District Phone:
3208393708
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$6,843
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,878
Units
Total Units:
1
Miscellaneous
Current Use:
Warehouse
Fuel System:
- Electric
- Other
Owner Occupied:
No
Sewer System:
Septic System Compliant - Yes
Available Utilities:
- Electric Common
- Heating Separate
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of RE/MAX Now (Valley City).
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.