Property profile

31241 County 24 Blvd Cannon Falls, MN 55009

OFF-MARKET
Specialty properties
0.46 ac lot Built 1985
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Property summary

AI-generated overview

This profitable, established car wash in Cannon Falls, Minnesota, presents a unique owner-user opportunity. Located at 31241 County 24 Blvd, 55009, this 0.46-acre property boasts a 1985-built facility offering a diverse range of services. The business model caters to a broad customer base with two car bays, one truck bay, and a dedicated pet wash station, along with both self-serve and touchless automatic wash options. This is a rare opportunity, as it's one of the few car washes in town without express tunnels, making it the only location offering this combination of services. The property enjoys a prime location with close proximity to major retailers such as McDonald's, Subway, O'Reilly Auto Parts, and Ace Hardware, ensuring high visibility and convenient access for customers. The sale includes the building, business, and underlying real estate, structured as a net lease. The asking price is $650,000. This investment qualifies for bonus depreciation, offering significant tax advantages (consult your CPA for details). This is a turnkey operation with established clientele and strong potential for continued growth. The property is situated in Goodhue County.

Property profile

Verified
Property type Specialty properties
Year built 1985
Lot 0.46 ac (20,038 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Wash

Location

31241 County 24 Blvd Cannon Falls, MN 55009
Cannon Falls metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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