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Alexis Peters
(218) 850-1205
Counselor Realty, Inc |
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1240 Floyd Wild Drive , Marshall, MN 56258
STATUS: Active
PROPERTY TYPE: Commercial - Office
SUBDIVISION: Lyon Cty Coop 1st Add
SCHOOL: Marshall
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.
Property Features
Property Type: Commercial - Office Cooling: Central Air Fuel Type: Natural Gas Heating: Forced Air Lot Size: 0.85 Acres Roof Type: Asphalt Stories: 1.0 Taxes: $12,406 Year Built: 2006
Feature Descriptions
Basement: None
Current Use: Professional/Office, Beauty/Barber Shop, Commercial, Professional Service
Days on Site: 12
Foundation Size: 5092
Handicap Accessible: No Stairs External, No Stairs Internal
Lot: Corner Lot, Irregular Lot
Lot Dimensions: 0.846 Acres
Owners Expense: All Utilities
Parcel#: 275060040
Parking: Parking Lot, Paved Lot
Road Frontage: City Street, Curbs, Paved Streets, Sidewalks
Sale Includes: Building
Sewer: City Sewer/Connected
Tenant Expenses: Telephone, See Remarks
Units: 2
Utilities: Electric Separate, Heating Separate, Hot Water Separate
Water: City Water/Connected
Local Schools
School District: Marshall
Listed By / Shown By
Agency Name: Edina Realty, Inc.
Agency Phone: 507-337-6683
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1240 Floyd Wild Drive | MLS# 7064453
This commercial property located at 1240 Floyd Wild Drive , Marshall, MN 56258 is currently listed for sale with an asking price of $625,000. Floyd Wild Drive is located within the Marshall school district. Search Marshall real estate on apeters.counselorrealty.com today.