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(763) 360-0878
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Bill Lieb
Salesperson
REALTOR®, GRI.

391 Old Hwy 12 W, Ortonville, MN 56278

$3,200,000
SQUARE FEET 94,000
MLS# 6825889
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  • 391 Old Hwy 12 W, Ortonville, MN 56278 Main Photo

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Bill Lieb

Bill Lieb
Call: (763) 360-0878

STATUS: Active
PROPERTY TYPE: Commercial - Business
SCHOOL: Ortonville Area
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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.

391 Old Hwy 12 W | MLS# 6825889

This commercial property located at 391 Old Hwy 12 W, Ortonville, MN 56278 is currently listed for sale with an asking price of $3,200,000. Old Hwy 12 W is located within the Ortonville Area school district. Search Ortonville real estate on blieb.counselorrealty.com today.

Property Features

Property Type: Commercial - Business
Cooling: Zoned
Fuel Type: Electric, Other
Garage: 4
Heating: Other
Lot Size: 5.00 Acres
Roof Type: Metal
Stories: 1.0
Taxes: $6,843
Year Built: 1960

Feature Descriptions

Basement: None
Current Use: Warehouse
Days on Site: 306
Exterior: Steel Siding
Foundation Size: 94000
Lot Dimensions: Irregular
Parcel#: 221659000
Parking: Parking Lot
Sale Includes: Building, Fixture/Equipment
Sewer: Septic System Compliant - Yes
Units: 1
Utilities: Electric Common, Heating Separate
Water: City Water/Connected

Local Schools

School District: Ortonville Area

Listed By / Shown By

Listed By

Agency Name: RE/MAX Now (Valley City)
Agency Phone: 701-845-0782

Shown By

Agent Name: Bill Lieb
Agent Phone: (763) 360-0878
Agency Title: Counselor Realty

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Bill Lieb
Bill Lieb Office: (763) 420-7080 Cell: (763) 360-0878 Direct: (763) 360-0878 Email Me


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