Ogilvie, Minnesota: A Premier Destination for Commercial Real Estate

Introduction

Ogilvie, Minnesota, offers a unique commercial real estate (CRE) landscape that is characterized by its strategic location, diverse economy, and growth potential. As a small city with a population of around 400, Ogilvie is positioned as a hidden gem for investors seeking opportunities outside the traditional urban centers. Its economy is driven by a mix of agriculture, small manufacturing, and service industries, making it an attractive destination for various CRE asset classes.

Economic and Industry Overview

Ogilvie's economy is primarily supported by:

• Agriculture: The surrounding region is known for its robust agricultural production, contributing to the demand for industrial and logistics spaces.
• Manufacturing: Small manufacturing plants provide stable employment, supporting the need for office and industrial spaces.
• Service Industry: Local businesses and service providers drive demand for retail and office properties.

Economic development initiatives such as the East Central Regional Development Commission focus on supporting local businesses and attracting new investments to Ogilvie, enhancing its CRE appeal.

Strategic Location and Transportation Infrastructure

Ogilvie's strategic location offers several logistical advantages:

• Highways: Proximity to major highways such as U.S. Route 169 facilitates easy access to regional markets.
• Rail Lines: The city benefits from nearby rail lines that support industrial and distribution activities.
• Labor Pools: Access to labor from neighboring towns and cities strengthens its workforce availability.

For more details on transportation infrastructure, visit the Minnesota Department of Transportation.

Commercial Real Estate Inventory & Zoning

Ogilvie's CRE landscape includes:

• Submarkets: The city features a central business district (CBD) and industrial corridors that cater to different business needs.
• Asset Classes: Key asset classes include industrial, office, and retail spaces, with opportunities in medical and multifamily developments.
• Zoning and Incentives: The city offers zoning flexibility and potential incentives for developers. Refer to the Ogilvie City Zoning Map for more information.

Major Employers and Institutions

Key employers and institutions include:

• Local Manufacturing Plants: Significant employers in the manufacturing sector.
• Educational Institutions: Local schools and educational centers contribute to the city's economic stability.

For a comprehensive list of businesses, visit the Ogilvie Business Directory.

Notable Commercial Developments & Projects

Ogilvie is witnessing several notable developments:

• Mixed-Use Projects: New mixed-use developments are transforming the city landscape.
• Opportunity Zones: Areas designated for economic revitalization offer tax incentives for investors.

For detailed project plans, check the Ogilvie Planning Department.

Building Permits, Planning, and Development Tools

Access essential resources for development in Ogilvie:

• Building and Safety Department
• Permitting Portal
• Parcel Map Viewer
• Planning Commission
• Development Code

Market Data & Economic Reports

Explore public data to understand Ogilvie's market dynamics:

• Census Data: census.gov
• City’s Open Data Portal: Ogilvie Open Data

Brevitas uses AI-powered aggregation to provide comprehensive market insights. Explore Brevitas-powered dashboards for Ogilvie here.

Why Use Brevitas for Ogilvie, Minnesota CRE?

Brevitas offers a suite of tools tailored for CRE professionals:

• AI-Driven Discovery: Uncover opportunities with real-time alerts and smart property pages.
• Enhanced Collaboration: Utilize dealroom features for seamless broker and developer integration.
• Unique Features: Benefit from auto-generated listing pages, email tools, and exclusive premium exposure.

Brevitas is your ideal partner for navigating the Ogilvie, Minnesota CRE landscape, providing the insights and tools necessary for successful investment and development.