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Dairy Inn 1401 N Highway 20

948 SF Retail Building Cannon Falls, MN 55009 £234,912 (£248/SF)

Investment Highlights

  • Operated since 1956!!!!!
  • New Kitchen 2018
  • Sale includes: real estate, business, fixtures, equipment, and marketing.

Executive Summary

Sale includes: real estate, business, fixtures, equipment, and marketing.

Financial Summary (Actual - 2023)

Annual Annual Per SF
Taxes £2,372 £2.50
Operating Expenses - -
Total Expenses £2,372 £2.50

Financial Summary (Actual - 2023)

Taxes
Annual £2,372
Annual Per SF £2.50
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual £2,372
Annual Per SF £2.50

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Fast Food
Building Size
948 SF
Building Class
C
Year Built
1955
Price
£234,912
Price Per SF
£248
Tenancy
Single
Number of Floors
1
Building FAR
0.07
Lot Size
0.33 AC
Zoning
RB, Residential Business - RB, Residential Business District. See Supplements.
Parking
25 Spaces (10 Spaces per 1,000 SF Leased)

Amenities

  • Air Conditioning
  • Smoke Detector

About 1401 N Highway 20 , Cannon Falls, MN 55009

Own a piece of history in Cannon Falls! "The Dairy Inn is a local Seasonal Landmark Ice Cream Shop and Grill serving up all the tastes of summer with all your favorite Hot Eats & Cold Treats since 1956." Sale includes: real estate, business, fixtures, equipment, and marketing. Kitchen complete remodel in 2018. Amble parking with indoor & outdoor patio seating. Property is zoned R-B residential Business. Numerous cash flow opportunities to continue your story as a business owner with loyal customers. Business runs 4 months of the year currently. Cash flow opportunity. Contact for more information. NDA provided in Supplements to receive breakdown of expenses and NOI.

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Dairy Inn
  • -
  • -
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Dairy Inn - - - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
52.480.0180
Land Assessment
£58,199 (2024)
Improvements Assessment
£86,946 (2024)
Total Assessment
£145,145 (2024)
Annual Taxes
£2,372 (£2.50/sf)
Tax Year
2023
  • Listing ID: 30045614

  • Date on Market: 25/01/2023

  • Last Updated:

  • Address: 1401 N Highway 20, Cannon Falls, MN 55009

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