MLS# 7064453
1240 Floyd Wild Drive Marshall, MN 56258
Edina Realty, Inc. is the brokerage office representing the seller for this listing.
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{"Id":552490,"ORGTABLE":"RAW_Property","MLSCLASS":"COM","MLSNUMBER":"NST7064453","MLSAGENTID":"NST506560390","MLSOFFICEID":"NST27040","ADDRESS":"1240 Floyd Wild Drive","ACRES":0.846,"AGENTOWNER":true,"AUCTIONYN":false,"BASEMENT":"None","CITY":"Marshall","CONTINGENCY":"None","COUNTY":"Lyon","CURRENTUSE":"Professional/Office,Beauty/Barber Shop,Commercial,Professional Service","DISTRIBUTEADDRESSTOINTERNET":true,"DISTRIBUTETOINTERNET":true,"FORECLOSURE":"No","LASTPRICE":625000.0,"LASTPRICEDATE":"2026-05-05T20:33:06.687","LATITUDE":44.431427,"LENDEROWNED":"No","LISTDATE":"2026-05-05T05:00:00","LISTPRICE":625000.0,"LIVINGAREA":5092.0,"LONGITUDE":-95.771333,"LOTDESCRIPTION":"Corner Lot,Irregular Lot","MODIFICATIONTIMESTAMP":"2026-05-05T21:27:07.383","OFFICE_OFFICENAME":"Edina Realty, Inc.","PHOTOCOUNT":56,"POSTALCODE":"56258","POTENTIALSHORTSALE":"No","PRESENTUSE":"Yearly","PUBLICREMARKS":"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.\nStrategically 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.\nThe 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.\nThis 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.\nAdditional 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.","ROADBETWEENWATERFRONTANDHOMEYN":false,"ROOF":"Asphalt","SALEINCLUDES":"Building","SCHOOLDISTRICTNUMBER":"413-Marshall","SCHOOLDISTRICTPHONE":"5075376924","SEWER":"City Sewer/Connected","STATEORPROVINCE":"MN","STATUS":"Active","STATUSDATE":"2026-05-05T20:33:06.687","LASTSTATUS":"Active","STREETNAME":"Floyd Wild","STREETNUMBER":"1240","STREETSUFFIX":"Drive","TRANSACTIONTYPE":"For Sale","WATER":"City Water/Connected","WATERFRONTPRESENT":false,"YEARBUILT":2006,"ZONING":"Business/Commercial","HASOPENHOUSE":false,"PHOTOTIMESTAMP":"2026-05-05T20:33:06.687","PHOTOORDER":"1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56","SOURCE":"MG_NST"}
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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.\nStrategically 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.\nThe 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.\nThis 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.\nAdditional 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.","RoadFrontageType":"City Street,Curbs,Paved Streets,Sidewalks","RoadResponsibility":"Public Maintained Road","Roof":"Asphalt","NST_SchoolDistrictNumber":"413","NST_SchoolDistrictPhone":"5075376924","Sewer":"City Sewer/Connected","StandardStatus":"Active","StateOrProvince":"MN","StreetName":"Floyd Wild","StreetNumber":"1240","StreetNumberNumeric":"1240","StreetSuffix":"Drive","SubdivisionName":"Lyon Cty Coop 1st Add","TaxAnnualAmount":"12406","NST_TaxWithAssessments":"12406","TaxYear":"2026","TenantPays":"Telephone,See Remarks","Township":"Marshall","TrashExpense":"1819","Utilities":"Electric Separate,Heating Separate,Hot Water Separate","VideosCount":"0","WaterSource":"City 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