1400 Highway 23Ogilvie, MN 56358

Property Details for 1400 Highway 23

Lot size

4.00 AC

Property type

Commercial real estate

APN

23.00057.00

APU

230005700

Description

Exceptional 4-acre commercial land opportunity in Ogilvie, Minnesota, listed at $465,000. This high-visibility site boasts 2,400 square feet and is ideally situated at the busy intersection of State Highway 23 and State Highway 47, experiencing over 6,000 vehicles daily according to MnDOT traffic counts. Its location within city limits offers convenient access to utilities, with a drilled well already on-site, and city sewer and water readily available nearby. The property's adjacency to the Ogilvie K-12 school system and proximity to the Ogilvie Raceway (approximately 1 mile) provide significant advantages. The site's high traffic volume makes it perfect for various commercial ventures, including gas stations, convenience stores, fast-food restaurants, grocery stores, or storage facilities. Its appeal extends to both summer lake recreation and winter sports enthusiasts. Adding to its potential, the property includes six billboards on two monopole pylons owned by Lamar, offering potential for future lease income. A 60x40 pole building is also included, providing flexibility for repurposing or removal. This prime location presents endless possibilities for developers and investors seeking a high-impact commercial investment.

• Alternative Use

  Use

  Valuation

  Residential

  $36,667,668

  Hospitality

  $33,587,388

  Educational

  $27,944,312

  Medical

  $28,905,360

  Retail

  $43,468,932

Location Insight

City

Ogilvie

County

Kanabec

State

Minnesota

Latitude

45.8294

Longitude

-93.4323

Property Tax & Assessments

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