1420 E College Drive, Marshall, MN 56258 (MLS# 7139761)

1420 E College Drive, Marshall, MN 56258

$1,900,000
Property Type: Commercial Lot Size (sq. ft.): 662,548 Status: Active
Current Price: $1,900,000 List Date: 9/05/2026 Last Modified: 10/01/2026

Overview

Description

Rare commercial opportunity in a prime Marshall location. This expansive property sits on approximately 15.2 acres 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.

Listing Details MLS# 7139761

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Waterfront YN
No
Year Built
1976
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
147182
For Sale or Lease
For Sale
Acres
15.21
Lot Dimensions
tbd
Assessment Pending
Unknown

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

Contract Information

Contingency
None
ListPrice
1900000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
1420
Street Direction Prefix
E
Street Name
College
Street Suffix
Drive
Postal City
Marshall
County
Lyon
State
MN
Zip Code
56258

Assessments

Tax With Assessments
36920

Building Information

Building Finished SqFt
147182
Ceiling Height
Varied Heights

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Sale Options

Sale Includes
Building, Leases

Unit Details

Total Units
23
IDX
Listing Office: RE/MAX Advantage Plus
Last Updated: October - 01 - 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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