Commercial $ 1,700,000

12244 State Highway 55 NW

Annandale, MN 55302

  • 7.19 Lot Size
  • 1960 Year Built
This well-maintained property near Annandale, Minnesota offers a compelling, turnkey investment comprised of 29 mobile home pads, a duplex, and four storage units—creating multiple, diversified income streams just a short drive from the Twin Cities. The asset is offered at a pro forma 8.96% cap rate, with the potential for even stronger returns when factoring in the included trailer contracts. The park delivers immediate and dependable cash flow from day one. Of the 29 mobile homes, 27 are individually metered, significantly reducing operating expenses and streamlining utility management for ownership. Ideally located near Annandale's local amenities and with convenient access to major routes connecting to the Twin Cities, the property blends small-town appeal with commuter accessibility. With stable occupancy, efficient operations, and multiple revenue sources, this offering presents an exceptional opportunity for investors seeking consistent cash flow and long-term value appreciation.
Listed by Shawn Murphy of Ferndale Realty

PROPERTY DETAIL

  • Key Details

    Property Type Commercial

    Listing Status Active

    Purchase Type For Sale

    MLS Listing ID 6824520

    Year Built 1960

    Annual Tax Amount $4,334

    Tax Year 2025

    Contingent None

    Lot Size 7.188 Acres

    Acres 7.188

    Lot Dimensions IRR

  • Location

    State MN

    County Wright

    Zoning Residential-Multi-Family

  • Building

    Foundation 720

    Sewer Mound Septic

    Water Well

    New Construction false

  • Interior

    Heating Forced Air

    Inclusions Building, Land, Leases

    Fireplace No

  • Exterior

    Parking Features Open

    Utilities Available Electric Separate

    Present Use Residential

  • Schools

    School District Annandale

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