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    221 2Nd St Ortonville, MN 56278

    • Turn key restaurants
    • 2,280 SF
    For Sale
    View listing
    $150,000
    Value Estimation
    Location Intelligence
    Property ID
    US46-2782617
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Lakeshore Wonders / Gift Shop / Coffee Shop

    Property Details for 221 2Nd St

    Year built
    1900
    Property size
    2,280 SF
    Property type
    Turn key restaurants
    APN
    22-0175-000
    APU
    220175000

    Description

    This exceptional 2,280 square foot commercial property, located at 221 2nd Street NW in Ortonville, Minnesota, presents a unique investment opportunity. Situated on a 0.06-acre lot, this building boasts a prime Main Street location, previously home to the popular Lakeshore Wonders establishment. Known for its ice cream, coffee, and lunch offerings, the space is ideally suited for a restaurant or easily adaptable for retail use. The existing layout includes a substantial kitchen equipped with ample refrigeration (freezer and fridge space), extensive storage, and ample workspace, perfect for food preparation. The inviting storefront features large windows, drawing customers into a comfortable seating area enhanced by an ornate ceiling and decorative walls. The property is being offered at $150,000. This turnkey opportunity includes all necessary equipment and is ready for a new owner to capitalize on its established location and versatile design. The building's existing infrastructure and prime location make it an attractive proposition for a variety of businesses seeking a well-established space in a thriving community. Don't miss this chance to own a piece of Ortonville's Main Street.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ortonville
    County
    Big Stone
    State
    Minnesota
    Longitude
    -96.4473
    Latitude
    45.3066

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,324
    $0.00
    $0.00
    $82,700
    -
    $0.00
    $0.00
    $82,700

    Comparable in this City

    • Value Estimation by Request
      3,300 SF

      205 2nd NW St

      RESTAURANT • 3,300 SF
      205 2nd NW St, Ortonville, MN 56278-1410
      View Details
    • Value Estimation by Request
      3,750 SF

      333 2nd SE St

      RESTAURANT • 3,750 SF
      333 2nd SE St, Ortonville, MN 56278-1535
      View Details
    • Value Estimation by Request
      2,438 SF

      833 Us Hwy 12

      RESTAURANT • 2,438 SF
      833 Us Hwy 12, Ortonville, MN 56278-4081
      View Details
    • Value Estimation by Request
      2,160 SF

      1069 Lakeshore Dr

      RESTAURANT • 2,160 SF
      1069 Lakeshore Dr, Ortonville, MN 56278-3202
      View Details
    • Value Estimation by Request
      3,320 SF

      17 2nd NW St

      RESTAURANT • 3,320 SF
      17 2nd NW St, Ortonville, MN 56278-1406
      View Details
    • Value Estimation by Request
      1,250 SF

      124 2nd NW St

      RESTAURANT • 1,250 SF
      124 2nd NW St, Ortonville, MN 56278-1409
      View Details

    Similar Nearby for Sale

    • $98,000
      1,000 SF

      Downtown Ortonville Commercial Building For Sale

      1,000 sq ft commercial building in downtown Ortonville, Minnesota.
      118 2Nd St NW, Ortonville, MN 56278
      View Details
    • $250,000
      2,660 SF

      Former C Store Ortonville, MN

      Former convenience store on corner lot in Ortonville, Minnesota.
      624 2Nd St SE, Ortonville, MN 56278
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    • $150,000
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      Ortonville Main Street Business Opportunity

      Prime location, versatile space, ready to operate.
      221 2Nd St, Ortonville, MN 56278
      View Details
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    221 2Nd St
    Ortonville, MN 56278
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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