12244 State Highway 55 NW, Annandale, MN 55302

$1,600,000
Property Type: Commercial Lot Size (sq. ft.): 334,541 Status: Active
Current Price: $1,600,000 List Date: 12/05/2025 Last Modified: 4/21/2026

Overview

Description

Offered for sale is a well-maintained, turnkey mobile home park investment near Annandale, Minnesota, featuring 29 mobile home pads and a duplex, complemented by four on-site storage units. The property delivers immediate and reliable cash flow with stable occupancy and efficient operations, making it an attractive opportunity for investors seeking durable income in a high-demand housing segment. Of the 29 mobile home pads, 27 are individually metered, allowing ownership to minimize utility expenses and streamline management. The park has been consistently maintained and benefits from strong tenant demand driven by the area’s limited affordable housing supply. Ideally located near Annandale’s local amenities and with convenient access to major routes connecting to the Twin Cities, the property combines small-town appeal with commuter accessibility—supporting long-term occupancy and rental growth. As part of the offering, the sale also includes four on-site storage units and an additional 24-unit mini-storage facility located in St. Stephen, Minnesota, providing potential supplemental income and diversification without detracting from the park’s core investment thesis. With efficient infrastructure, dependable cash flow, and a strong Central Minnesota location, this mobile home park presents an exceptional opportunity for investors focused on long-term stability and value appreciation. Priced at about 9% cap rate based on 2025 numbers.

Listing Details MLS# 6824520

General Property Information

Lot Measurement
Acres
Multiple PIDs?
Yes
Other Parking Spaces
40
Owner Occupied
No
Waterfront Present
No
Year Built
1960
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Foundation Size
720
For Sale or Lease
For Sale
Acres
7.68
Lot Dimensions
IRR
Assessment Pending
Yes
Garage Stalls
0

Property Features

Accessible: None CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Metal; Vinyl Foundation: None Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional On Site Utilities: Electric Separate Parking Characteristics: Uncovered/Open Sewer: Mound Septic Water: Well

Contract Information

Contingency
None
ListPrice
1600000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
12244
Street Name
State Highway 55
Street Direction Suffix
NW
Postal City
Annandale
County
Wright
State
MN
Zip Code
55302

Additional Parcels Information

Property ID #2
90559240003

Assessments

Assessment Balance
100
Tax With Assessments
5402

More Information

Building Information

Building Finished SqFt
720

Income and Expenses

Annual Gross Income
196000
Total Annual Expenses
24696

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
28
Section#
25
Township#
121

Sale Options

Sale Includes
Building, Land, Leases

Unit Details

Total Units
59

Office/Member Info

Association
MAAR

Location, Tax and Other Information

Legal Description
SECT-25 TWP-121 RANGE-028 UNPLATTED LAND SOUTHSIDE TWP E1/2 OF NE1/4 N OF HWY#55 EXC BEG NE COR TH S ON E LN TO CTR LN OF HWY TH NWLY ON CTR LN 972FT TH NELY 50D32' WITH CTR LN 363.8FT TH NELY TO PT ON N LN 307.3FT WLY OF NW COR TH E307.3FT TO BEG
Listing City
Annandale
Map Page
999
Municipality
Southside Twp
School District
Annandale
School District Phone
320-274-5602
Zip Plus 4
5162
Property ID Number
217000251101
Tax Year
2025
Tax Amount
5402
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Offered for sale is a well-maintained, turnkey mobile home park investment near Annandale, Minnesota, featuring 29 mobile home pads and a duplex, complemented by four on-site storage units. The property delivers immediate and reliable cash flow with stable occupancy and efficient operations, making it an attractive opportunity for investors seeking durable income in a high-demand housing segment. Of the 29 mobile home pads, 27 are individually metered, allowing ownership to minimize utility expenses and streamline management. The park has been consistently maintained and benefits from strong tenant demand driven by the area’s limited affordable housing supply. Ideally located near Annandale’s local amenities and with convenient access to major routes connecting to the Twin Cities, the property combines small-town appeal with commuter accessibility—supporting long-term occupancy and rental growth. As part of the offering, the sale also includes four on-site storage units and an additional 24-unit mini-storage facility located in St. Stephen, Minnesota, providing potential supplemental income and diversification without detracting from the park’s core investment thesis. With efficient infrastructure, dependable cash flow, and a strong Central Minnesota location, this mobile home park presents an exceptional opportunity for investors focused on long-term stability and value appreciation. Priced at about 9% cap rate based on 2025 numbers.
Directions
Highway 55 northwest of the city of Annandale. on north side of road.

Accessible

None
Yes

Construction Status

Previously Owned
Yes

Exterior

Metal
Yes
Vinyl
Yes

Foundation

None
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Parking Characteristics

Uncovered/Open
Yes

Sewer

Mound Septic
Yes

Water

Well
Yes

On Site Utilities

Electric Separate
Yes

CMU Style

Apartments/Multi Family
Yes

Current Use

Residential
Yes

Loan Terms

Cash
Yes
Conventional
Yes
Listing Office: Ferndale Realty
IDX
Last Updated: April - 21 - 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.