1400 Mn-23, Ogilvie, MN 56358
Exceptional 4-acre commercial land opportunity in Ogilvie, Minnesota, awaits developers and investors. Located at the high-traffic intersection of State Highway 23 and State Highway 47, this site boasts over 6,000 vehicles passing daily, according to MnDOT traffic counts. Its prime location offers unparalleled visibility and is ideally suited for a variety of commercial uses, including gas stations, convenience stores, fast food restaurants, grocery stores, retail outlets, or storage facilities. The property's proximity to the Ogilvie K-12 school system and Ogilvie Raceway further enhances its appeal. The site includes a 60x40 pole building, which can be repurposed or removed, and features an existing drilled well. City sewer and water are readily available at the south side of Hwy 23 and east side of Hwy 47. Adding to the investment potential are six billboards on two monopole pylons owned by Lamar, offering potential for future lease income. This high-visibility location is perfect for capturing traffic from both summer lake recreation and winter sports enthusiasts. The asking price is $465,000. Buyers are responsible for verifying all measurements, details, zoning rules and restrictions, MNDOT rules and restrictions, and septic conditions. Contact the City of Ogilvie at (320) 272-4822 for zoning and utility information. Supplemental materials provide details on the drilled well and a location map.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.