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    8 Marshall Ave Springfield, MN 56087

    For Sale
    $249,000

    Two Buildings, Prime Location, $249,000

    Property size:
    4,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional commercial opportunity encompasses two buildings totaling 4,000 square feet on a 0.04-acre lot in the heart of downtown Springfield, Minnesota. The main building boasts a versatile open floor plan ideal for a variety of businesses, complemented by convenient upstairs living quarters and an attached garage. This provides an owner-operator with the flexibility of living above their business or the option to lease the residential space for additional income. The adjoining building, also single-story, features a central split wall, offering further adaptability for different business needs or potential subdivision. The sale includes both buildings, presenting a unique chance to acquire a substantial footprint in a thriving downtown area. The property's high visibility storefront ensures excellent exposure to foot traffic and passing vehicles. This is a turnkey opportunity for an entrepreneur seeking a well-established presence in a vibrant community. The property includes parcels R003.000.009.04.040 and R003.000.009.04.042, ensuring clear and complete ownership. Don't miss this chance to own a significant piece of Springfield's commercial landscape. The asking price is $249,000.

    Property Features for 8 Marshall Ave

    General Information

    Property type
    Investment properties
    Square Feet
    4,000 SF
    Lot Size
    1,742 SF

    Building Details

    Year Built
    1938
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Brown
    State
    Minnesota
    Longitude
    -94.97647
    Latitude
    44.23924

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    FAQs

    What type of property is this?
    Investment property - Two Buildings, Prime Location, $249,000
    Where is this investment property located?
    The property is located at 8 Marshall Ave Springfield, MN.
    What is the asking price?
    The asking price for this property is $249,000.
    (507) 644-8433
    Request Owner's contact information
    8 Marshall Ave Springfield, MN 56087
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8 Marshall Ave Springfield, MN 56087
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