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Improved Commercial Land for Sale in Ortonville, Minnesota

391 Old Hwy 12 W, Ortonville, MN 56278

$3,200,000
5 acres
Active sale
Est $18,124/mo

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.

94,000
Sq feet

Location

Street address
391 Old Hwy 12 W
Zip code
56278
Elevation
974 feet
Coordinates
45.2896, -96.451

Property details

Acreage
5 acres
Posted

Property taxes

Recent
$6,878

Legal description

Resources

Listing history

DateEventPriceChangeSource
Oct 7, 2026Relisted$3,200,000—Listing agent
Oct 6, 2026Removed$3,200,000—Listing agent
Oct 2, 2026Price increase$3,200,000$300,000 10.3%Listing agent
May 15, 2026Price drop$2,900,000$550,000 -15.9%Listing agent
Feb 12, 2026Price drop$3,450,000$1,050,000 -23.3%Listing agent
Dec 19, 2025New listing$4,500,000—Listing agent
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This 5-acre property is located at 391 Old Hwy 12 W in Ortonville, MN 56278. The property is available for sale, priced at $3,200,000. It has a 94,000 square foot structure.

Listed by Peoples Company, (855) 800-5263

Updated Source

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