7860 365th Street Way Cannon Falls, MN ^$ 249,900

7860 365th Street Way

^$ 249,900

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7860 365th Street Way

Cannon Falls, MN, 55009

^$ 249,900

Studio Baths0.0 Sq 6,300

Monthly Estimate*

^$ 1,746

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Studio

Commercial Property for sale in Cannon Falls, MN

for $249,900. This 6,300 square foot building was built in 1953 on a lot size of 12.9.

This is a project; buyer should expect to update from current conditions. Property is zoned for roadside commercial use. Currently a restaurant called Time Out. Property sits on 12.47 acres & backs to trees. Building includes kitchen, range, grill, 2 fryers, walk-in cooler & refrigerator.

Commercial Active

Price

^$ 249,900

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 3,366

Style

Business

Lot Size

12.9

Year Built

1953

Town/City

Cannon Falls

County/Region

Goodhue

MLS | Web ID

4978261

Features

General

Sewer Tank with Drainage Field

Heating Forced Air

Cooling Central Air

Utilities Electric Common Heating Common

Roof Age Over 8 Years Asphalt

Appliances Cooktop Exhaust Fan Indoor Grill Range Refrigerator Wall Oven

Garage Spaces 2

Construction Materials Wood Siding

Year Built 1953

Property SubType Business

Tax Year 2022

Current Use Restaurant Bar/Tavern

Accessibility No Stairs Internal

County Goodhue

Property Type Commercial Sale

Contingency None

Directions Hwy 52 south of Cannon Falls 4 miles on west side.

City Cannon Falls

Buyer Agent Compensation 2.70

Land Lease Amount 0

High School District Cannon Falls

Zoning Description Business/Commercial

Total Units 1

Street Name 365th Street

Land Lease Y/N N

Tax Annual Amount 3366

Additional Parcels Y/N N

Days on Market 2031

Standard Status Active

Lender Owned No

Amenities Unit Ceiling Fan(s) Deck Hardwood Floors Natural Woodwork Patio Vaulted Ceiling(s)

Buyer Agent Compensation Type %

Interior

Basement Block Full Unfinished

Basement (Y/N) Y

Street Suffix Way

Fuel Propane

Garage Dimensions 20x14

Garage Square Feet 280

Exterior

Parking Features Detached Gravel

Lot Features Tree Coverage - Medium

Water Source Well

Inclusions Building Business Inventory Land

Lot Size Area 12.9

Building Area Total 6300

Lot Dimensions Irregular

Lot Size Units Acres

Foundation Area 5700

Road Frontage Type State Road

Internal Only

Street Number 1 7860

* Excluded Features

List By

Coldwell Banker Realty

Broker

piverson@cbburnet.com

Affordability Calculator

$2,026

Per Month

Monthly Principal & Interest: $1,746
Monthly Property Taxes: $281
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Cannon Falls, MN

Average List Price ^$412,450

Percent of Sale Price 65%

About Cannon Falls, MN

4,355 Population

6% Since 2002

^$58,416 Median Income

41.71 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

708705 Elementary School

708561 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/26/2023	$249,900	-12.32%	Price Down
2/2/2023	$285,000		Listed Price

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7860 365th Street Way, Cannon Falls, MN, 55009 is a Commercial Property for sale at $249,900 with 6,300 sqft and a lot size of 12.9. 7860 365th Street Way is a studio with 0.0 baths and was built in 1953. The property's zip code is 55009 which is in Cannon Falls, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/24/2024.

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7860 365th Street Way

Commercial Property for sale in Cannon Falls, MN

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