1501 E College Drive, Marshall, MN 56258 (MLS# 6766738)

1501 E College Drive, Marshall, MN 56258

$1,215,000
Property Type: Commercial Baths: 2 Square Footage: 4,702 Lot Size (sq. ft.): 37,462 Status: Active
Current Price: $1,215,000 List Date: 8/06/2026 Last Modified: 8/06/2026

Overview

Description

Don't miss this rare opportunity to own a fully operational, turn-key diner in a high-traffic, high-visibility location in the heart of Marshall! This beloved eatery has been serving loyal customers for years, including locals, commuters and college students! The business is fully furnished, and the atmosphere is cozy and clean. Space has been allocated for the future addition of a drive-through. Whether you're looking to expand your business, cater or have another business idea entirely, this is the perfect space for your next venture. Bonus is that the buyer will receive the menu and recipes from Mike's Cafe, offering a part of two popular businesses with this sale!

Listing Details MLS# 6766738

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
54
Owner Occupied
Yes
Waterfront YN
No
Year Built
1972
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
4702
For Sale or Lease
For Sale
Acres
0.86
Lot Dimensions
50000
Assessment Pending
Yes

Property Features

Accessible: Doors 36"+; Grab Bars In Bathroom; Wheelchair Ramp Air Conditioning: Dual Appliances: Dishwasher; Freezer; Indoor Grill; Refrigerator CMU Style: Freestanding Commercial Kitchen Appliances: Fryer; Grill; Oven; Prep Station; Refrigerator; Shelving and Racks; Walk-In Cooler/Freezer Construction Materials: Block; Brick Construction Status: Previously Owned Current Use: Commercial; Restaurant Exterior: Block; Brick/Stone; Vinyl Flooring: Other/See Remarks; Tile Foundation: Concrete Perimeter Fuel: Natural Gas Heating: Forced Air Internet Options: Fiber Optic Loan Terms: Cash; Conventional Lock Box Type: None On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate Parking Characteristics: Parking Lot Potential Use: Restaurant Road Frontage: City Street Roof: Age 8 Years or Less Sewer: City Sewer/Connected Stories: One Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
1215000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
1501
Street Direction Prefix
E
Street Name
College
Street Suffix
Drive
Postal City
Marshall
County
Lyon
State
MN
Zip Code
56258
Complex/Dev/Subdivision
F J Mclaughlin 2nd Sub

Assessments

Assessment Balance
12323.37
Tax With Assessments
24686

Building Information

Building Finished SqFt
4702
Building SqFt
4702

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Sale Options

Sale Includes
Building, Fixture/Equipment, Inventory, Land

Unit 1

Unit Number
Yes
Half Baths
2
Total Bathrooms
2
Leased?
No

Unit Details

Total Units
Yes
IDX
Listing Office: Marshall Area Homes
Last Updated: August - 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.
Search powered by FBS Products