Minnesota Properties Zoned for Cannabis Businesses

Overview:

Now available: a curated portfolio of retail cannabis real estate opportunities across Minnesota, tailored for groups with preliminary approval or pending licensure. This offering includes access to high-value, application-ready locations in both capped and uncapped markets, as well as border towns, high-traffic suburban hubs, and metro-adjacent corridors.

Each site includes compliance-ready documentation, such as site plans, CAD files, floorplans, and local confirmation of eligibility — saving applicants valuable time during the submission process. Whether you’re applying solo or expanding through a multi-location strategy, this portfolio offers lease, lease-back, purchase, or partnership options to fit your model.

Featured Markets & Opportunities

High-Competition Border Market – Limited Availability

Albert Lea (Southern MN / Iowa Border)

• 950 sq ft | 2 license cap

• Strong border-town market with minimal retail footprint

• Serves ~51,000 residents within 20 minutes

• Real estate is highly constrained in this jurisdiction

• Lease rate: $5,850/mo

• Structure: Lease or assignment

Lottery-Based Entry in Border Market

East Grand Forks (Northwestern MN / ND Border)

• 3,912 sq ft | 2 license cap

• High household income and limited licenses available

• Serves ~81,000 residents within 20 minutes

• Application support available for multiple groups

• Entry fee: $500 to reserve location and documents

• Lease rate: $8,750/mo

• Structure: Shared lottery access, lease option

Capped Markets – Licenses Attached (Soft Holds)

These locations come with existing license-holder alignment, allowing a group to take over their spot and submit directly to the OCM. A $50K buyout is due only upon future approval.

1. Belle Plaine

   • 6,755 sq ft | 1 license cap

   • Freeway visibility, regional commuter traffic

   • 182,000 residents within 20 minutes

   • Lease: $12,132/mo

2. Brainerd

   • 3,724 sq ft | 2 license cap

   • Central downtown location

   • 72,000 residents within 10 minutes

   • Lease: $5,800/mo

3. Eagan

   • 3,000 sq ft | 8 license cap

   • Major suburban hub with daily traffic of 20,000+

   • 475,000 residents within 10 minutes

   • Lease: $6,500/mo

4. Duluth (Central)

   • 3,150 sq ft | 7 license cap

   • Strong metro-border mix, walkable area

   • 114,000 residents within 10 minutes

   • Lease: $4,600/mo

5. Waite Park

   • 6,200 sq ft | 2 license cap

   • 20,000 daily traffic; retail corridor

   • 121,000 residents within 10 minutes

   • Lease: $22,750/mo

6. Blaine (Central Corridor)

   • 4,265 sq ft | 5–6 license cap

   • 41,000 daily traffic; dense retail surroundings

   • 510,000 residents within 10 minutes

   • Lease: $11,375/mo

Capped Markets – Registrations Still Open

These locations are confirmed compliant and available for new applicants, without existing license holders:

1. Red Wing

   • 1,522 sq ft | 1 license cap | Border access

   • 67,000 residents within 20 minutes

   • Lease: $7,500/mo

2. Owatonna

   • 3,847 sq ft | 3 licenses available in county

   • Microbusiness zoning compliant

   • Lease: $11,686/mo

3. St. Cloud

   • 3,121 sq ft | 6 license cap

   • 27,000+ daily traffic

   • 114,000 residents within 10 minutes

   • Lease: $9,250/mo

4. Chaska

   • 2,229 sq ft | 2 license cap

   • High-income suburb, limited competition

   • 164,000 residents within 10 minutes

   • Lease: $4,722/mo

5. Duluth (West)

   • 14,000 sq ft | 7 license cap | Microbiz friendly

   • 123,000 residents within 10 minutes

   • Lease: $29,150/mo

6. Crookston

   • 6,052 sq ft | 1 license cap | Next to major retail anchor

   • Lease: $10,590/mo

7. Maplewood

   • 6,673 sq ft | 3 licenses available

   • Dense residential zone with 643,000 residents within 10 minutes

   • Lease: $15,250/mo

8. Blaine (Highway Location)

   • 16,692 sq ft | 5–6 license cap

   • Heavy traffic corridor | 142,000 residents within 10 minutes

   • Purchase assignment: $3.3M | Lease: $35,350/mo

9. Montgomery

   • 3,847 sq ft | 1 license cap | Walkable Main Street location

   • Lease: $4,808/mo

Uncapped Markets – No Limit on Licenses

Ideal for retail or microbusiness applicants, these locations allow for greater flexibility and long-term scaling:

1. Moorhead

   • 4,000 sq ft | Border opportunity

   • 238,000 residents within 20 minutes

   • Lease: $4,500/mo

2. Hibbing

   • 3,410 sq ft | Next to Walmart

   • 37,000 residents within 20 minutes

   • Lease: $6,820/mo

3. Hutchinson

   • 4,598 sq ft | Walmart-adjacent | 12,000 daily traffic

   • Lease: $9,196/mo

4. Alexandria (Twin Blvd)

   • 3,078 sq ft | High-traffic retail zone

   • Lease: $6,156/mo

5. Brooklyn Park

   • 26,327 sq ft | Mezzo/micro potential

   • 29,000 daily traffic | 472,000 residents within 10 minutes

   • Purchase assignment: $1.8M | Lease: $21,000/mo

6. Shakopee (Downtown)

   • 13,088 sq ft | Mezzo/micro potential

   • 202,000 residents within 10 minutes

   • Lease: $15,269/mo

7. Shakopee (East Side)

   • 3,960 sq ft | 19,000+ traffic counts

   • Lease: $7,920/mo

8. Clearwater

   • 3,768 sq ft | Heavy retail corridor

   • Lease: $7,536/mo

9. Alexandria (Main Corridor)

   • 2,762 sq ft | 18,000 daily traffic

   • Lease: $5,063/mo

Moorhead – 814 Center Ave

3,969 sq ft | No license cap | Stand alone building
238k residents, $88k avg income within 20 min
Lease assignment available | Lease rate: $4,900/mo lease

Moorhead – 924 Main Ave

4,700 sq ft | No license cap | Downtown near border
238k residents, $88k avg income within 20 min
Purchase option assignment available | Purchase Price: $1.1M

See below for the locations we still have available in MN.

All our locations have contingency time, confirmation of compliance, floor plans/site plans, etc.

Capped markets (confirmed registrations still available with city): 

Montgomery – 215–217 1st St S

1,686 sq ft | 1 license cap | On Main St
77k residents, $101k avg income within 20 min
Lease assignment available | Lease rate: $2,107/mo lease

Owatonna – 4255 Frontage Rd W

3,847 sq ft | 3 license cap | Right off freeway | Next to Bass Pro Shop
45k residents, $79k avg income within 10 min
Lease assignment available | $11,686/mo lease

Kenyon – 634 2nd St, MN

3,840 sq ft | Main street location | Cap of 4 licenses in county
80k residents, $89k avg income within 20 min
Lease option available | $3,000/mo lease

Blue Earth – 107 N Main St

2,160 sq ft | 1 license cap | On Main St
26k residents, $73k avg income within 20 min
Lease option available | Lease rate: $2,000/mo lease

Uncapped Markets:

Belle Plaine – 351 Enterprise Dr E, Belle Plaine

6,755 sq ft | No license cap | 20k traffic | 100 parking spaces
182k residents, $117k avg income within 20 min
Lease assignment available | $10,132/mo lease

St Peter – 151 W St Julien St

4,000 sq ft | Across road from McDonalds | No cap on licenses
120k residents, $81k avg income within 20 min
Lease option available | $7,000/mo lease

Hibbing – 12034 Highway 169

3410 sq ft | No license caps | Next to Walmart
37k residents, $65k avg income within 20 min
Lease assignment available | $6,820/mo lease

Hutchinson – 705 Atlanta Ave

4,598 sq ft | No license caps I Next to Walmart | 12,000 daily traffic
40k residents, $82k avg income within 20 min
Lease assignment available | $9,196/mo lease

Clearwater – 710 Nelson Dr

3,768 sq ft | No cap on licenses | Stand alone heavy retail
45k residents, $97k avg income within 10 min
Lease assignment available | $7,536/mo lease

Alexandria – 401 N Nokomis St

2,762 sq ft | No license caps | 18,000 daily traffic
49k residents, $81k avg income within 20 min
Lease assignment available | $5,063/mo lease

Transaction Options:

• Lease Assignments

• Purchase Assignments

• Lease-Back or Master Lease Agreements

• License Alignment with Existing Holders (Capped Markets Only)

Ideal Buyer Profile:

• Groups with preliminary or conditional license approval

• Microbusiness or mezzo operators looking to expand

• Applicants seeking first-to-market real estate in capped or border markets

• Investors pursuing multi-location strategies across diverse Minnesota regions

 

Contact

If you are interested in this licensed business opportunity, please contact CannDelta at sales@canndelta.com or call +1 (877) 274-6777 using this listing ID.