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County Road 84, Kellogg, MN, 55945

--beds
0baths
--sqft
$849,450
--price/sqft
$8,194/moest. monthly cost
$327,760/yrincome needed

About This Home

Here is a 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 to 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. Third party independent aggregate resource reports available for each of the respective locations. These reports were conducted utilizing geological and geotechnical resource estimates for both quantities and product type available based on site borings. Said reports are available upon request with an appropriate NDA execution. Furthermore, the local power cooperative has just executed a 30 month lease for $4000/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. For more information on this tremendous opportunity, please contact at (email: or at (email: . Property Address: TBD County Rd 84, Kellogg, MN 55945 (north of 63422 County Rd 84) Property Features: Active mining permits and approvals necessary for day one operations 11.3+/- 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 Income producing out of the gate, supplemented with a steady lease payment Additional properties available in Kellogg, MN and Elgin, MN as seen in map

Getting Around

7
WalkingCar-Dependent
0
TransitVery Limited Transit
35
BikeSomewhat Bikeable

Schools

8/10
Wabasha-Kellogg SecondaryGrades 7-123.8 mi

Construction

Type & Style

  • Home type: SingleFamily
  • Property subType: Other

Property

Lot

  • Lot size: 11.30 Acres