$1,900,000
MLS# 7139761
1 / 28
Property Description
Rare commercial opportunity in a prime Marshall location. This expansive property sits on approximately 15.2 acres with excellent visibility and convenient access off Highway 23, offering a unique opportunity for investors, developers, and owner-users. The property currently features 23 individual units and B-3 General Business District zoning, offering tremendous potential for redevelopment, investment, retail, office, service businesses, or a combination of uses. The existing property provides an opportunity for a buyer to transform the current space to fit their vision and business needs. Bring your vision, your business plan, and your ideas. This property has the space and potential to make them happen. Buyers and buyers' agents to verify zoning, permitted uses, measurements, utilities, and all information important to their intended use.
Details
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Current Price: $1,900,000
Contingency: None
ListPrice: 1900000
List Date: 2026-09-05
Office/Member Info
Association: SPAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 0
Waterfront YN: No
Year Built: 1976
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Lot Dimensions: tbd
Acres: 15.21
Foundation Size: 147182
Garage Stalls: 0
For Sale or Lease: For Sale
Assessment Pending: Unknown
Location, Tax and Other Information
Legal Description: MARSHALL SQUARE ADDITION 12292015
Listing City: Marshall
Map Page: 999
Municipality: Marshall
School District: Marshall
School District Phone: 507-537-6924
Property ID Number: TBD
Tax Year: 2026
Tax Amount: 36920
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Rare commercial opportunity in a prime Marshall location. This expansive property sits on approximately 15.2 acres with excellent visibility and convenient access off Highway 23, offering a unique opportunity for investors, developers, and owner-users. The property currently features 23 individual units and B-3 General Business District zoning, offering tremendous potential for redevelopment, investment, retail,
office, service businesses, or a combination of uses. The existing property provides an opportunity for a buyer to transform the current space to fit their vision and business needs. Bring your vision, your
business plan, and your ideas. This property has the space and potential to make them happen. Buyers and buyers' agents to verify zoning, permitted uses, measurements, utilities, and all information important
to their intended use.
Directions: From the intersection of Hwy 23 and East College Drive go West on East College Drive until Market Street. Then go south onto Market Street until you have entered the mall parking lot.
Accessible
Doors 36"+: 1
Hallways 42"+: 1
Air Conditioning
Central Air: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 36920
Building Information
Building Finished SqFt: 147182
Ceiling Height: Varied Heights
Construction Status
Previously Owned: 1
Exterior
Block: 1
Concrete: 1
Steel Siding: 1
Foundation
Brick/Mortar: 1
Fuel
Natural Gas: 1
Heating
Forced Air: 1
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Parking Lot: 1
Roof
Age Over 8 Years: 1
Sale Options
Sale Includes: Building, Leases
Sewer
City Sewer/Connected: 1
Stories
One: 1
Unit Details
Total Units: 23
Water
City Water/Connected: 1
On Site Utilities
Electric Separate: 1
Heating Separate: 1
CMU Style
Retail/Shopping Center: 1
Current Use
Commercial: 1
Retail: 1
Loan Terms
Cash: 1
Contract for Deed: 1
Conventional: 1
Lease Purchase: 1
Trade: 1
Location Tax and Other Information
Postal City: Marshall
County: Lyon
State: MN
Zip Code: 56258
Property Features
Accessible: Doors 36"+; Hallways 42"+
Air Conditioning: Central Air
CMU Style: Retail/Shopping Center
Construction Status: Previously Owned
Current Use: Commercial; Retail
Exterior: Block; Concrete; Steel Siding
Foundation: Brick/Mortar
Fuel: Natural Gas
Heating: Forced Air
Loan Terms: Cash; Contract for Deed; Conventional; Lease Purchase; Trade
On Site Utilities: Electric Separate; Heating Separate
Parking Characteristics: Parking Lot
Roof: Age Over 8 Years
Sewer: City Sewer/Connected
Stories: One
Water: City Water/Connected
Listing Office: RE/MAX Advantage Plus
Last Updated: September - 06 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
