For Sale: Marshall MLS# 6793474
Active
NEW!
$700,000
Commercial: 1 Story
Built 1992
2.06 acres
Marshall schools
MLS# 6793474
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Property Description
Steady investment here! The long term established tenant that has been successfully operating in this location since 1992! NN Lease - landlord responsible for roof, structure, insurance and first 6k of real estate taxes. Tenant is responsible for all maintenance, utilities, interior of building, snow removal, CAM and RE taxes that exceed 6k/year. There are 10 garage doors at grade, and two loading dock doors as well. There is over 5 years left on the current lease, and they have been in this location for over 30 years which shows long term commitment to this location and to the region. $5750/month currently, with rent increasing to $6, 000/month in Jan 2026. Add this to your portfolio today!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$700,000
Property Type:
Commercial
City:
Marshall
Garage Spaces:
10
County:
Lyon
Year Built:
1992
State:
MN
Property Style:
1 Story
Zip Code:
56258
Subdivision Name:
Industrial Park
Exterior
Stories:
One
Garage Spaces:
10
Other Parking Spaces:
20
Air Conditioning:
Window Unit(s)
Foundation Size:
99,012 ft2
Handicap Accessible:
No Stairs External
Road Responsibility:
Public Maintained Road
Heating System:
Radiant
Parking Features:
- Concrete
- Parking Lot
Road Frontage:
City Street
Exterior Material:
Metal Siding
Roof Details:
Metal
Lot & Land
Acres:
2.06
Geolocation:
44.470237, -95.80104
Inclusions:
Building, Land
Lot Dimensions:
97, 360
Zoning:
- Business/Commercial
- Industrial
Schools
School District:
413
District Phone:
507-537-6924
Expenses
Annual Insurance Expense:
$1,236
Annual Gross Expense:
$6,000
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$7,642
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,642
Income
Annual Gross Income:
$69,000
Rent
Annual Net Income:
$61,700
Units
Total Units:
1
Miscellaneous
Current Use:
- Commercial
- Industrial
Fuel System:
Other
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
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.