$648,400 7874 365th Street Way Cannon Falls, MN

MLS: 4897399   Type: Commercial   County: Goodhue   City: Cannon Falls   Zip: 55009   Style: Apartments and Retail,Business Opportunity,Apartme     Taxes: $2,466

Mortgage $3,044 /mo



Half Baths

Sqr Footage









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 rentals, 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 11% cap.

Elementary School

Middle School

High School

Click Here
Distance: N/A Miles
Click Here
Distance: N/A Miles
Click Here
Distance: N/A Miles

Price History

12/22/2017 Listed $648,400

Annual Gross Income 95200.00
Contingency None
Handicap Accessible No Stairs Internal, No Stairs External, Doors 36 +, Grab Bars In Bathroom
Listing Status Active
Municipality Cannon Falls
Property Type CMU
School District 252 - Cannon Falls
Year Built 1955
Zoning Business/Commercial

Interior Features

Fuel Propane
Garage Stalls 9
Heating Forced Air
Number Of 1 Bedroom Unit 4
Number Of 2 Bedroom Unit 1
Number Of 3 Bedroom Unit 1

Exterior Features

Building Finished Square 6124
Exterior Wood
Foundation Size 6124
Lake/waterfront - Y:n 0
Other Parking Spaces 22
Road Frontage US Highway
Roof Age 8 Years or Less
Sewer Shared System
Water Well

Property Schools

Direct Link:


Gallery (21 photos)

Ask Your Agent a Question

Property vs Zip Code Avg (55009)

Price 648K Avg 458K

Sqr Feet 6,124 Avg 4,966

Cost / Sqr Ft $106 Avg $92

Taxes $2,466 Avg $4,421

Acres 2 Avg 4.54

Visits 13 Avg 29

Days on Site 92 Avg 301

Ask How to Finance this Property

Listing Provided Courtesy Of: Orono Realty Inc

Back to Search

Chat is Now Online! Ask Away!

Find Your Home's Value Instantly

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Lisa Handley
17850 Kenwood Trl
Lakeville, MN