7874 365th Street Way Cannon Falls, MN 55009

$588,900
7874 365th Street Way, Cannon Falls, MN 55009
4944500

Commercial Property for sale in Cannon Falls, MN

for $588,900. This building was built in 1955 on a lot size of 2.

Property Information

  • $588,900
  • Commercial
  • Taxes are $2,466
  • Hotel/Motel
  • Active
  • Lot size of 2
  • Built in 1955
  • Cannon Falls, MN
  • Goodhue County
  • MLS/Web ID is 4944500
  • Just Listed

Description

Absentee-owned, cash-flowing, opportunity great rental market. Located 30 mins south of St Paul and 30 mins north of Rochester, the Cannon Country Apts and Self-Storage is perfectly positioned for tenants working in either location. The property has frontage on US HWY 52. The complex features 11 res rentals, 1 com rental, and 9 storage. The on-site caretaker has a lot of pride and runs the operation well. Lots to see here. No drive-bys. Turn-Key operation! Priced at 12.83% cap.

Interior 4

Heating Source

  • Propane

Heating System

  • Forced Air

Sewer

  • Shared Sewer

Water Source

  • Well

Exterior 5

Driveway

  • Asphalt Driveway
  • Gravel/Crushed Stone Driveway

Parking

  • Open Parking
  • Parking Spaces - multiple

Road Frontage

  • US Highway

Roof

  • Other

Siding

  • Wood Exterior

Miscellaneous 2

Accessibility

  • Bath - Grab Bars
  • Handicap Access
  • No Step Entry
  • Single Level Living

Commercial

  • Sale Includes Building
  • Sale Includes Business
  • Sale Includes Fixture/Equip
  • Sale Includes Inventory
  • Sale Includes Land
  • Sale Includes Leases

† Excluded Feature

Neighborhood & Schools

School District: 252 - Cannon Falls

 See complete school information

Listed By

Broker: FERNDALE REALTY

7874 365th Street Way, Cannon Falls, MN, 55009 is a Commercial Property for sale at $588,900 with a lot size of 2. 7874 365th Street Way was built in 1955. The property's zip code is 55009 which is in Cannon Falls, MN

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Market Pricing

Average % of sale price Median % of sale price
All listings in Cannon Falls $402,108 32 % below $360,000 39 % below
Commerical listings in Cannon Falls $390,560 34 % below $395,000 33 % below

Get the facts about Cannon Falls, MN!

Population 4,317
Population Growth (since 2000) 5 %
Median Income $49,566
Median Age 41.44
Households w/ Children 32 %

Residential Dwellings

  • Owned 1342
  • Vacant 146
  • Rented 458

Similar Listings

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or Call us at 1-800-839-1363