391 Old Hwy 12 W, Ortonville, MN 56278 (MLS# 6825889)

391 Old Hwy 12 W, Ortonville, MN 56278

$3,200,000
Property Type: Commercial Square Footage: 94,000 Lot Size (sq. ft.): 217,800 Status: Active
Current Price: $3,200,000 List Date: 12/10/2025 Last Modified: 10/02/2026

Overview

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 Details MLS# 6825889

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
10
Owner Occupied
No
Waterfront YN
No
Year Built
1960
Yearly/Seasonal
Yearly
Zoning
Industrial
Foundation Size
94000
Garage Stalls
4
For Sale or Lease
For Sale
Acres
5
Lot Dimensions
Irregular
Assessment Pending
No

Property Features

Accessible: None Air Conditioning: Zoned Basement: None CMU Style: Warehouse Construction Status: Previously Owned Current Use: Warehouse Exterior: Metal Foundation: Slab Fuel: Electric; Other Heating: Other Loan Terms: Cash; Conventional On Site Utilities: Electric Common; Heating Separate Parking Characteristics: Parking Lot Potential Use: Warehouse Roof: Metal Sewer: Septic System Compliant - Yes Stories: One Wall Description: Metal Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
3200000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
391
Street Name
Old Hwy 12
Street Direction Suffix
W
Postal City
Ortonville
County
Big Stone
State
MN
Zip Code
56278

Assessments

Assessment Installment
35
Tax With Assessments
6878

Basement

Foundation Dimensions
irregular

More Information

Building Information

Building Finished SqFt
94000
Building SqFt
94000
Ceiling Height
16-20

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
46
Section#
16
Township#
121

Sale Options

Sale Includes
Building, Fixture/Equipment

Unit Details

Total Units
Yes
IDX
Listing Office: RE/MAX Now (Valley City)
Last Updated: October - 02 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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