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    FOR SALE
    Grocery and convenience stores

    118 2Nd St NW, Ortonville, MN 56278

    480 SF Built 1910
    Individually Owned Absentee Owner Free & Clear
    Property ID
    US46-2336646
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group CONVENIENCE STORE
    Year built 1910
    Total area 480 SF
    APN 22-0218-000
    UPID US46-2336646
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • The Smallest Art Gallery Art Gallery
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    STEPHEN MARIHART
    STEPHEN MARIHART
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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