1240 Floyd Wild Drive, Marshall, MN 56258 (MLS# 7064453)

1240 Floyd Wild Drive, Marshall, MN 56258

$580,000
Property Type: Commercial Square Footage: 5,092 Lot Size (sq. ft.): 36,590 Status: Active
Current Price: $580,000 List Date: 5/05/2026 Last Modified: 9/09/2026

Overview

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. Updat ...

Listing Details MLS# 7064453

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
43
Owner Occupied
No
Waterfront YN
No
Year Built
2006
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
5092
For Sale or Lease
For Sale
Acres
0.84
Lot Dimensions
0.846 Acres
Assessment Pending
No

Property Features

Accessible: No Stairs External; No Stairs Internal Air Conditioning: Central Air Amenities Unit: Washer/Dryer Hookup Basement: None CMU Style: Business Opportunity; Low Rise; Mixed Use Construction Status: Previously Owned Current Use: Beauty/Barber Shop; Business Service; Commercial; Professional Service Exterior: Vinyl Foundation: Slab Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional Location Description: Free Standing Lock Box Type: SentriLock Lot Description: Corner Lot; Irregular Lot On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate Owner Pays: All Utilities Parking Characteristics: Parking Lot; Paved Lot Potential Use: Income; Lounge/Bar; Office; Professional; Retail Rent Rate per Foot: Other Road Frontage: City Street; Curbs; Paved Streets; Sidewalks Road Responsibility: Public Maintained Road Roof: Asphalt Shingles Sewer: City Sewer/Connected Stories: One Tenant Pays: See Remarks; Telephone Water: City Water/Connected

Contract Information

Exclusions
All equipment on nail salon side. Personal belongings on Salon side.
Contingency
None
ListPrice
580000
Owner is an Agent?
Yes
Auction?
No

Location Tax and Other Information

House Number
1240
Street Name
Floyd Wild
Street Suffix
Drive
Postal City
Marshall
County
Lyon
State
MN
Zip Code
56258
Complex/Dev/Subdivision
Lyon Cty Coop 1st Add

Assessments

Tax With Assessments
12406

Basement

Foundation Dimensions
38x94 40x38

More Information

Building Information

Building Finished SqFt
5092
Building SqFt
5092

Income and Expenses

Annual Caretaker Expense
2707
Annual Fuel Expense
1090
Annual Gross Expenses
56473
Annual Gross Income
102206
Annual Insurance Expense
3427
Annual Maintenance Expense
3465
Annual Net Income
45733
Annual Repair Expense
5868
Annual Trash Expense
1819
Total Annual Expenses
56473

Lease Details

Land Leased
Not Applicable

Lock Box Type

Lock Box Source
WCAR

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Sale Options

Sale Includes
Building

Unit Details

Total Units
2
IDX
Listing Office: Edina Realty, Inc.
Last Updated: September - 09 - 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.
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