TBD 365th Street Way, Cannon Falls, MN 55009

New Listing
$80,000
Property Type: Land Lot Size (sq. ft.): 566,280 Status: Active
Current Price: $80,000 List Date: 6/19/2026 Last Modified: 6/20/2026

Overview

Description

Price is $80K an acre, with a minimum purchase of 4 acres. 13 acres total available. Existing building may be beyond repair, but you can decide for yourself. A great option is purchase 5 acres and have a utility company lease the land and place solar panels on it. Land bank yet have the property more than pay for itself over 20 year lease. I believe utility company will lease for $1K an acre per month up to 5 acres per PID. Split the lot to create two PIDs and place up to two 5 acre solar farms earning around $10K a month.

Listing Details MLS# 7096120

General Property Information

Comp Sale YN
Yes
Development
Yes
Drainage
Average
Lot Measurement
Acres
Multiple PIDs?
No
Plat Recorded
Yes
Waterfront YN
No
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Lot Dimensions
irregular
Acres
13
Assessment Pending
No
Association Fee
0

Property Features

Available Utilities: Electricity Available; Electricity Connected Development Status: Raw Land Farm Type: Hobby Fencing: None Improvements: Unimproved Streets Land Inclusions: Easements; Platted; Survey; Survey Stakes Lot Description: Cleared; Tillable; Tree Coverage - Heavy Outbuildings: Additional Garage Property SubType: Acreage; Commercial Lot; Development; Other Road Frontage: Highway; Private Road Sale Options: Other; Sell Entirely; Will Build to Suit; Will Divide; Will Exchange; Will Lease Sellers Terms: Cash; Contract for Deed; Conventional; Special Funding; Trade Topography: Wooded; High Ground; Level; Other; Ravine

Contract Information

Maximum Price
550000
Minimum Price
250000
Contingency
None
Original List Price
80000
ListPrice
80000
Owner is an Agent?
Yes
Auction?
No

Location Tax and Other Information

House Number
TBD
Street Name
365th Street
Street Suffix
Way
Postal City
Cannon Falls
County
Goodhue
State
MN
Zip Code
55009

Acreage Information

Maximum Acres
13
Minimum Acres
4

Assessments

Tax With Assessments
3700
Assessment Balance
0
Assessment Installment
0

More Information

Builder Information

Builder Restrictions
Open

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No
Total Lots Available
2

Ownership

Fractional Ownership
No

Public Survey Info

Range#
17
Section#
17
Township#
111

Office/Member Info

Association
SPAAR

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
SECT-17 TWP-111 RANGE-017 12.90 AC DOC#662362 PT OF SE1/4 SEC 17-111-17 BEG 820 FT W OF S E COR, W500FT, N924FT, E820FT, SW TO BEG 29/100 AC HWY EASE EX 1.1AC DOC#533836 REC 6/16/06 ID# 37-0000-26900 (PT)
Listing City
Cannon Falls
Map Page
999
Municipality
Leon Twp
School District
Cannon Falls
School District Phone
507-263-6800
Zip Plus 4
2729
Property ID Number
TBD
Tax Year
2025
Tax Amount
3700
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Price is $80K an acre, with a minimum purchase of 4 acres. 13 acres total available. Existing building may be beyond repair, but you can decide for yourself. A great option is purchase 5 acres and have a utility company lease the land and place solar panels on it. Land bank yet have the property more than pay for itself over 20 year lease. I believe utility company will lease for $1K an acre per month up to 5 acres per PID. Split the lot to create two PIDs and place up to two 5 acre solar farms earning around $10K a month.
Directions
4 minutes south of cannon falls right on hwy 52

Development Status

Raw Land
Yes

Farm Type

Hobby
Yes

Fencing

None
Yes

Insurance Fee

Insurance Fee
0

Lot Description

Cleared
Yes
Tillable
Yes
Tree Coverage - Heavy
Yes

Outbuildings

Additional Garage
Yes

Restriction/Covenants

Easements-Road/Right of Way
Yes
Easements-Utility
Yes

Road Frontage

Highway
Yes
Private Road
Yes

Sale Options

Other
Yes
Sell Entirely
Yes
Will Build to Suit
Yes
Will Divide
Yes
Will Exchange
Yes
Will Lease
Yes

Sellers Terms

Cash
Yes
Contract for Deed
Yes
Conventional
Yes
Special Funding
Yes
Trade
Yes

Topography

Wooded
Yes
High Ground
Yes
Level
Yes
Other
Yes
Ravine
Yes

Available Utilities

Electricity Available
Yes
Electricity Connected
Yes

Improvements

Unimproved Streets
Yes

Land Inclusions

Easements
Yes
Platted
Yes
Survey
Yes
Survey Stakes
Yes

Property SubType

Acreage
Yes
Commercial Lot
Yes
Development
Yes
Other
Yes

Documents

IDX
Listing Office: Real Estate Masters, Ltd.
Last Updated: June - 20 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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