Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7860 365th Street Way Cannon Falls, MN 55009

    View on Map
    Claim this Listing
    For Sale
    $299,900

    Commercial - Leon Twp, MN

    Lot size:
    12.90 Acres
    Added:
    Apr 10, 2026
    Days on Market:
    19
    Last Refresh:
    Apr 28 at 12:06 pm

    Property Features for 7860 365th Street Way

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Business/Commercial
    Parking features
    Garage, Garage - Detached, Paved or Surfaced
    Exterior features
    Brick/Stone, Wood
    Standard status
    Active
    APN
    370174800
    Lot size
    12.90 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3700

    Utilities

    Heating system
    Forced Air, Hot Water (Heating)

    Building Details

    Year built
    1951
    Flooring type
    Drainage
    Building materials
    Frame
    Roof type
    Asphalt, Flat, Rubber, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    David A. Kunert

    Listing agent David A. Kunert

    Listing office Real Estate Masters, LTD 312 East County Road D, Little Canada, MN

    Listing date Apr 10, 2026

    MLS# 7053198 Listing URL

    Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Highway Frontage Commercial Land Parcel

    This commercially zoned property is located in Leon Township, MN, and includes an existing Edgewood building situated along Highway 52, accompanied by 2 acres of flat, cleared, and usable land. The 2 acres are to be split off from a larger 12.9-acre parcel. Additional land is available. This parcel is the only commercially zoned property in Leon Township. Potential uses for the property are outlined in the attachments.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Auto Repair Shop (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cannon Falls
    County
    Goodhue
    State
    Minnesota
    Longitude
    -92.874765
    Latitude
    44.418352

    Nearby Similar for Sale

    • $6

      Commercial Building Divisible Into Units

      Commercial building for sale, divisible into three units.
      7860 365th Street Way, Leon Twp, MN 55009
      View Details
    • $1.00

      Commercial Land on Highway 52

      13 acres of commercially zoned land on Highway 52.
      Tbd 365th Street Way, Leon Twp, MN 55009
      View Details
    • $59,999

      Residential Lot in Wood Ridge

      Large lot in Cannon Falls, build your dream home!
      328 Limestone Road, Cannon Falls, MN 55009
      View Details
    • $232,123

      Cannon Falls Land Development Opportunity

      3.5 acre lot zoned for single-family homes or townhomes.
      Tbd 3rd St, Cannon Falls, MN 55009
      View Details
    • $829,900

      Cannon Falls Commercial Land Parcel

      55.12 acres of commercial/ag land near Hwy 52.
      295th St E, Cannon Falls, MN 55009
      View Details
    • Contact for pricing

      Commercial Land on Highway 52

      Commercial land suitable for cannabis businesses and other ventures.
      7860 365th St Wy, Cannon Falls, MN 55009
      View Details
    • Contact for pricing
      225,141 SF

      Cannon Falls Industrial Property

      Industrial property available in Cannon Falls, Minnesota.
      324 W Washington St, Cannon Falls, MN
      View Details
    • Contact for pricing

      Cannon Falls Industrial Park Land

      Land in Cannon Falls Industrial Park with subdivision potential.
      North Park Dr & Cannon Industrial Blvd, Cannon Falls, MN
      View Details
    • $1,200,000

      Highway Visible Commercial Land

      Commercial land with highway visibility and easy access.
      33767 County 14 Blvd, Cannon Falls, MN 55009
      View Details
    • $6,100,000
      76,800 SF

      76,800 SF Manufacturing/Distribution Center

      Manufacturing/Distribution Center available for sale or lease.
      3310 MN-20, Cannon Falls, MN 55009
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercially zoned land parcel with highway frontage in Leon Township.
    Where is this commercial land located?
    The property is located at 7860 365th Street Way Cannon Falls, MN.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: Commercially Zoned Land: The only commercially zoned parcel in Leon Township.; Highway Frontage: Located directly on HWY 52 for **high visibility**.; Usable Land: Includes **2 acres of flat, cleared land**.
    (651) 353-7355
    We can help!
    Listing Contact
    David A. Kunert
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!