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$575,000

0 Beds 0 Baths 5,092 SQFT 0.85 Acres
Type: Commercial

1240 Floyd Wild Drive
Marshall, MN 56258

MLS#: 7064453
Ann Smothers
Ann Smothers
The Real Estate Advantage
Agent
Phone: 612.619.3460
Office: 952.253.5600
Presented by: Edina Realty, Inc.

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.


 

Interior Features

Other Interior Features

BasementNone
Basement (Y/N)No
Foundation Dimensions38x94 40x38
FuelNatural Gas
Garage Square Feet0

General

AccessibilityNo Stairs External, No Stairs Internal
Additional Parcels Y/NNo
Amenities UnitWasher/Dryer Hookup
CityMarshall
ContingencyNone
CoolingCentral Air
CountyLyon
Current UseProfessional/Office, Beauty/Barber Shop, Commercial, Professional Service
DirectionsOn Floyd Wild Dr next to Sundance Auto Repair.
Fuel Expense1090
Garage Spaces0
Gross Income102206
HeatingForced Air
High School DistrictMarshall
Insurance Expense3427
Land Lease Y/NNo
Lender OwnedNo
LevelsOne
Lot Size UnitsAcres
MaintenanceExpense3465
Net Operating Income45733
New ConstructionNo
Number Of Units Total2
Operating Expense56473
OwnerPaysAll Utilities
Possible UseOffice, Professional Service, Retail, Income, Lounge/Bar
PostalCityMarshall
Property TypeCommercial Sale
RoofAsphalt
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameLyon Cty Coop 1st Add
Tax Annual Amount$12,406
Tax Year2026
Tenant PaysTelephone, See Remarks
Trash Expense1819
UtilitiesElectric Separate, Heating Separate, Hot Water Separate
Year Built2006
Zoning DescriptionBusiness/Commercial

Exterior

Building Area Total5,092 sqft
Foundation Area5,092 sqft
InclusionsBuilding
Lot Dimensions0.846 Acres
Lot FeaturesCorner Lot, Irregular Lot
Lot Size Area0 sqft
Parking FeaturesParking Lot, Paved Lot
Road Frontage TypeCity Street, Curbs, Paved Streets, Sidewalks
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School N/A
High School N/A
Middle School N/A

  

Similar Properties

$575,000

0 Beds 0 Baths 5,092 SQFT 0.85 Acres
Type: Commercial

1240 Floyd Wild Drive
Marshall, MN 56258

MLS#: 7064453
Ann Smothers
Ann Smothers
The Real Estate Advantage
Agent
Phone: 612.619.3460
Office: 952.253.5600