For Sale: Marshall MLS# 7064453
Active
$625,000
Commercial: 1 Story
Built 2006
0.846 acres
Marshall schools
MLS# 7064453
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Property Description
Well-maintained and income-producing commercial investment opportunity features a 5, 092 sq. ft. single-story building with a proven operating history. The property is currently occupied by two established tenants—K Nails and Savvy Salon—each operating with multiple individual contractors, providing a diversified and consistent income stream.
Strategically located in a high-traffic area across from major national retailers including Walmart, Aldi, and Runnings, this property benefits from excellent visibility and consistent consumer draw.
The Savvy Salon side features 8 individual suites, each equipped with a shampoo bowl, chair, mirror, vanity, and hood dryer. The salon is currently home to 8 renters (4 full-time and 4 part-time) with capacity to accommodate up to 2 additional full-time renters, offering immediate upside potential.
This investment offers strong expense ratio efficiency with recent capital improvements already completed, minimizing near-term maintenance needs. Updates since 2023 include parking lot resurfacing and striping, landscaping enhancements, HVAC system updates, interior paint, and numerous tenant-facing upgrades such as new LVP flooring (K Nails), salon chairs, shampoo sinks, TV monitors, and washer/dryer units.
Additional upside potential exists through future rent adjustments and the opportunity to optimize tenant mix or expand occupancy. A turnkey asset ideal for investors seeking stable cash flow with value-add potential OR turn this awesome building into your business's next home.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$625,000
Property Type:
Commercial
City:
Marshall
Garage Spaces:
0
County:
Lyon
Year Built:
2006
State:
MN
Property Style:
1 Story
Zip Code:
56258
Subdivision Name:
Lyon Cty Coop 1st Add
Interior
Basement Details:
None
Exterior
Stories:
One
Garage Spaces:
0
Air Conditioning:
Central Air
Foundation Size:
5,092 ft2
Foundation Dimensions:
38x94 40x38
Handicap Accessible:
No Stairs External, No Stairs Internal
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Parking Lot
- Paved Lot
Unit Amenities:
Washer/Dryer Hookup
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
Roof Details:
Asphalt
Lot & Land
Acres:
0.846
Geolocation:
44.431427, -95.771333
Inclusions:
Building
Lot Dimensions:
0.846 Acres
Zoning:
Business/Commercial
Lot Description:
- Corner Lot
- Irregular Lot
Schools
School District:
413
District Phone:
5075376924
Expenses
Annual Caretaker Expense:
$2,707
Annual Fuel Expense:
$1,090
Annual Insurance Expense:
$3,427
Annual Maintenance Expense:
$3,465
Annual Trash Expense:
$1,819
Tenant Expenses:
Telephone, See Remarks
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$12,406
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$12,406
Income
Annual Gross Income:
$102,206
Rent
Annual Net Income:
$45,733
Units
Total Units:
2
Miscellaneous
Current Use:
- Beauty/Barber Shop
- Commercial
- Professional Service
- Professional/Office
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Separate
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Edina Realty, Inc..
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.