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0 Beds
0 Baths

$1,299,000

TBD County Rd 84, Kellogg MN, 55945

Property typeCommercial

Overview

Active

Updated 11 days ago

High Point Land Company is proud to present your chance to own 1 of 3 lucrative mining pits that have been owned and operated by the same family for 3 generations since 1937. The owners have adhered to rigorous safety protocols by virtue of ongoing training resulting in an impeccable safety record. Included for each of these turn-key locations are the permits and approvals necessary to continuing operations on day one of ownership. The third generation owners are retiring and as part of the sale, the equipment may be negotiated for an additional price for the successful buyer of the respective locations. These mines would make for a great opportunity for a local quarry operator, excavator, developer, concrete producer or for anyone looking for the stability of a steady income stream. Furthermore, the local power cooperative has just executed a 20 month lease for $7500/month to utilize this pit as a staging area and this lease agreement transfers seamlessly to the buyer. Importantly, this incremental revenue stream does not affect day to day operations or functional integrity of the property. Property Address: TBD County Rd 84, Kellogg, MN 55945 (south of 63422 County Rd 84) Property Features: -Active mining permits and approvals necessary for day one operations -20+/- acres with abundant reserves for decades to come -Processed inventory on site -Quality products sourced through the quarry -Reputation for providing outstanding service and product value -Equipment for operations available for purchase as negotiated in addition -100'x44' shop with cold storage and heated storage with concrete floors -Sand point well for non-potable water source -Income producing out of the gate, supplemented with a steady lease payment Additional properties available in Kellogg, MN and Elgin.

Courtesy of High Point Land Company, LLC with ,
Listing Contact:  

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