
Improved Commercial Land for Sale in Ortonville, Minnesota
391 Old Hwy 12 W, Ortonville, MN 56278
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.
Location
- Street address
- 391 Old Hwy 12 W
- County
- Big Stone County
- Zip code
- 56278
- Elevation
- 974 feet
Property details
- Acreage
- 5 acres
- Posted
Property taxes
- Recent
- $6,878
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.
Resources
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Oct 7, 2026 | Relisted | $3,200,000 | — | Listing agent |
| Oct 6, 2026 | Removed | $3,200,000 | — | Listing agent |
| Oct 2, 2026 | Price increase | $3,200,000 | $300,000 10.3% | Listing agent |
| May 15, 2026 | Price drop | $2,900,000 | $550,000 -15.9% | Listing agent |
| Feb 12, 2026 | Price drop | $3,450,000 | $1,050,000 -23.3% | Listing agent |
| Dec 19, 2025 | New listing | $4,500,000 | — | Listing agent |











