Price Reduced

Big Stone County, MN
5.00 Acres M/L

391 Old Highway 12 W
Ortonville, MN 56278

Price	$3,200,000
Listing	#18808

Land Agent

Lindsey Brown

Office: 855.800.LAND
Mobile: 701.371.5538
[email protected]

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Property Info

Description

This 94,632 sq ft warehouse is 100% leased to a Top Fortune 500 Company in agribusiness. The fully executed Triple Net Lease is on the entire 94,632 commencing October 1, 2026. The annualized base rent of $359,602 ($3.80 PSF) with 2.5% annual escalations, creates an 11.24% going-in return on the asking price. The building is being converted to all ambient storage. Located in Ortonville, Minnesota within an Opportunity Zone and in the Upper Midwest agricultural/logistics corridor.

The warehouse is fully sprinklered with the majority of the lighting being LED. There are four loading docks, 2 on the west side and 2 on the south side. The warehouse has 16’–20’ ceiling heights throughout the building. Multiple divided warehouse sections support efficient storage, staging, and inventory management. There is also potential expansion capability on the 5 acres. This functional layout suits ag, third-party logistics, storage, and distribution users, supporting long-term re-leasing flexibility.

This location serves as a natural hub for regional distribution. With easy routes into Minnesota, South Dakota, North Dakota, and beyond. The property supports smooth, efficient movement of goods across the Upper Midwest. Local workforce strength, built around agriculture and food-sector jobs, further enhances its value for long-term operations.

Legal Description

OUTLOT 164, LOTS 1, 2, 3, OF OL 164; LOTS 3 & 4 OF OL 170; AND LOTS 2 & 3 IN 16-121-46 IN BIG STONE COUNTY, MN. Exact legal description to be taken from Title Commitment.

Directions

In Ortonville, at the intersection Hwy 12 and Hwy 75, drive west on Hwy 12 for 1/2 mile, drive past the Subway, and take the first left staying on Hwy 12 for 4/10th of a mile to Big Stone County Road 15, then turn left and drive south on Big Stone County Road 15 for 3/10th of a mile to Mill Road. Then turn right onto Mill Road and drive 2/10th of a mile, and the warehouse will be on the left.

Improvements

Renovated and updated in 1996.

Features

• Fully leased industrial asset at a low basis of approximately $33.82/SF.
• 94,632 SF NNN lease to a Top Fortune 500 Company in Agribusiness, providing day-one cash flow with 2.5% annual rent growth.
• 11.24% in-place cap rate on asking price, growing to 12.40% in Year 5 through contractual escalations.
• Opportunity Zone positioning, regional distribution utility, and expansion potential on approx. 5 acres.

Sign On Property: Yes
Parcel Number: 22-1659-000
School District: Ortonville
General Area: Ortonville, MN
Net Taxes: $6,878.00
Gross Taxes: $6,878.00
Water: Yes
Sewer: Yes
Sprinkler: Yes
Building Type: Ambient Storage Warehouse
Construction Type: Steel Beam
Zoning: Industrial
Year Built: 1960

Interactive Map

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