31265 County 24 Blvd, Cannon Falls, MN 55009

This exceptional investment opportunity presents Cannon Mall, a thriving multi-tenant retail and storage center in Cannon Falls, Minnesota. The property boasts a total of 46,636 square feet, encompassing a 13.31-acre developed site and an additional 5.75 acres of undeveloped land, offering significant expansion potential. Currently operating at 100% occupancy, the property generates a strong net operating income (NOI) of $83,000, resulting in an attractive 4.20% cap rate. The asking price is $1,975,000. The property comprises four buildings, all single-story structures, strategically located off Highway 52 at the intersection of 4th Street South and 64th Avenue Path, ensuring high visibility and easy accessibility. This hybrid retail/storage center is situated in a growing community along the major highway connecting the Twin Cities and Rochester, providing a robust and expanding market. The property's parcel number (APN) is 52-719-3000. This is a rare opportunity to acquire a well-established, high-performing commercial property with significant upside potential in a desirable location. The property includes a 46,636 square foot enclosed mall and three mini-storage buildings. This investment offers a compelling blend of immediate income and future development possibilities. The property is located in Goodhue County, Minnesota, with a zip code of 55009.