118 2Nd St NW, Ortonville, MN 56278
For Sale
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This exceptional 1,000 square foot commercial property, situated on a 0.03-acre lot at 118 2nd Street NW in Ortonville, Minnesota, presents a unique opportunity for a variety of businesses. Located in the heart of downtown, this building benefits from high foot traffic generated by neighboring businesses including pharmacies, a coffee shop, flower shop, license bureau, and spa. The property's prime location ensures excellent visibility and accessibility. The interior boasts a beautifully renovated space featuring warm, inviting aesthetics with attractive wood flooring and trim. A recently updated restroom adds to the property's modern appeal. A well-maintained green space at the rear of the building provides an additional outdoor amenity. The flexible floor plan allows for use as a single, connected space or can be easily divided into two separate areas using a newly installed interior door. Each section offers its own storefront access, floor space, restroom, storage room, and rear access door. This versatile property is ideal for retail, office, or other commercial uses, offering a blend of charm, functionality, and a highly desirable downtown location. The asking price is $120,000.
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The Smallest Art Gallery Art Gallery
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.