Listing ID : 969515
Listed On August 26, 2026 61
Listing Updated September 1, 2026
WeCann is pleased to present a cannabis retail real estate opportunity in Oak Park Heights, Minnesota, positioned on the Wisconsin border just outside Stillwater. The offering includes an existing 3,674 SF commercial building on a 31,555 SF lot, together with a local Conditional Use Permit (CUP) already in place for a Retail Cannabis Business — one of only four cannabis retail approvals available in this jurisdiction. A buyer can relocate one of their existing state retail licenses to this site, allowing for a faster path to opening than starting from an unentitled property.
The building is in good overall condition and is being sold as-is; it is not currently built out for cannabis retail use, and tenant improvements will be required to bring the space to an operational dispensary. Seller prefers to sell the property, but will also consider lease offers.
PROPERTY HIGHLIGHTS
– Building Size: 3,674
– Lot Size: 31,555 SF
– Condition: Existing building in good overall condition; sold as-is
– Buildout Status: Not currently built out for cannabis retail — tenant improvements required
– Deal Structure: Seller prefers to sell; will also consider lease offers
– Location: Oak Park Heights, MN, on the Wisconsin border near Stillwater
Approvals
– Local Conditional Use Permit (CUP) in place for a Retail Cannabis Business
– One of only four cannabis retail approvals available in this local jurisdiction
– Buyer can relocate one of their existing state retail licenses to this site. Property sale does not come with a state approval.
WHY THIS AREA IS A STRONG RETAIL LOCATION
– Direct Wisconsin border access, positioned to capture cross-border consumer demand
– Wisconsin prohibits both medical and adult-use cannabis, driving sustained cross-border traffic into Minnesota border markets
– Proven performance in similar border markets, including Illinois–Wisconsin, Michigan–Indiana/Wisconsin, and -Colorado–Kansas/Nebraska
– Border-state retailers historically experience higher sales volumes, stronger foot traffic, and faster returns on investment
– Limited local licensing — only four cannabis retail licenses available in this jurisdiction, creating a durable competitive advantage for early movers
– Strong regional retail presence and commuter traffic along the greater Stillwater / St. Croix Valley corridor
– Minneapolis–St. Paul metro proximity, supporting steady visitor and commuter draw in addition to local demand
STILLWATER / OAK PARK HEIGHTS AREA OVERVIEW
– Oak Park Heights sits along the St. Croix River on the Wisconsin border, adjacent to Stillwater — a well-established regional retail, tourism, and commuter hub in the Minneapolis–St. Paul metro area
– Strong year-round visitor traffic tied to Stillwater’s tourism, historic downtown, and river-based recreation
– Established national retail presence in the immediate area supports consistent daily traffic counts
– Local cannabis licensing remains limited, preserving early-mover advantage for approved sites
PRICING & TERMS
– Total Asking Price: $2,295,000
– Existing 3,674 SF building on a 31,555 SF lot, sold as-is
– Includes local CUP approval in place for a Retail Cannabis Business
– Buyer can relocate one of their existing state retail licenses to this site
– Tenant improvements required — property is not currently built out for cannabis retail
All ownership transfers will be completed in full compliance with applicable state and local cannabis regulations.
Disclaimer:
All information contained herein is provided for general informational and marketing purposes only and is believed to be derived from sources deemed reliable; however, no representation or warranty, express or implied, is made as to the accuracy, completeness, or current applicability of such information. Information presented may include, but is not limited to, regulatory, licensing, zoning, market, financial, and operational data, all of which are subject to change without notice. Prospective purchasers are solely responsible for conducting their own independent due diligence and are encouraged to verify all information with appropriate governmental authorities and professional advisors prior to making any investment or acquisition decision.
Meilad Rafiei – License# 01788589 – WeCann
This opportunity is co-brokered with Latitude Real Estate Advisors – Todd Braufman and Michael Sedley – Brokers # 20594493
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