1240 Floyd Wild DR, Marshall, MN 56258
1240 Floyd Wild DR, Marshall, MN 56258
1240 Floyd Wild DR, Marshall, MN 56258
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$625,000
Est. payment /mo
0.85 Acres Lot
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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Lyon Cty Coop 1St Add

MLS Listing ID 7064453

Year Built 2006

Annual Tax Amount $12,406

Tax Year 2026

Contingent None

Lot Size 0.846 Acres

Lot Dimensions 0.846 Acres

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.

Location

State MN

County Lyon

Zoning Business/Commercial

Rooms

Basement None

Interior

Heating Forced Air

Cooling Central Air

Inclusions Building

Fireplace No

Exterior

Parking Features Parking Lot, Paved Lot

Utilities Available Electric Separate, Heating Separate, Hot Water Separate

Roof Type Asphalt

Present Use Professional/Office,Beauty/Barber Shop,Commercial,Professional Service

Building

Lot Description Corner Lot, Irregular Lot

Story One

Foundation 5092

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories One

New Construction false

Schools

School District Marshall


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Listed by Troy Deutz • Edina Realty, Inc.

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David Broll

David Broll

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