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    907 Marshall Ave Henning, MN 56551

    Sponsored
    For Sale
    $349,500

    Spacious 30-unit building on 2.91 acres.

    Property size:
    14,911 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    342
    This substantial 14,911 square foot building presents a unique investment opportunity in Henning, Minnesota. Previously utilized as a nursing home and more recently as single-room occupancy housing, this versatile property offers a multitude of potential uses. The building boasts 30 individual units, a mix of which include private and shared bathrooms. A fully equipped commercial kitchen is ideal for various applications, complemented by two spacious common areas, a dedicated office, a utility room, and a reception area. The property's accessibility features include handicap access, a comprehensive sprinkler system, and a reliable Cummings generator, ensuring safety and functionality. The expansive 2.91-acre lot provides ample outdoor space, enhanced by a covered pavilion and a patio area, perfect for residents or clients. Located at 907 Marshall Avenue, this property is strategically positioned in Henning, MN, offering significant potential for redevelopment or continued operation as a multi-unit residential or commercial space. The possibilities are diverse, ranging from a nursing home or veterans' home to assisted living, office space, a daycare center, or rental units. This substantial property offers a rare combination of size, features, and location, making it an attractive proposition for discerning investors and entrepreneurs. The asking price is $349,500.

    Property Features for 907 Marshall Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    14,911 SF
    Lot Size
    126,760 SF

    Building Details

    Year Built
    1960
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Wholesale Shop Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Henning
    County
    Otter Tail
    State
    Minnesota
    Longitude
    -95.44901
    Latitude
    46.31727

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    FAQs

    What type of property is this?
    Commercial real estate - Spacious 30-unit building on 2.91 acres.
    Where is this commercial real estate located?
    The property is located at 907 Marshall Ave Henning, MN.
    What is the asking price?
    The asking price for this property is $349,500.
    Request Owner's contact information
    907 Marshall Ave Henning, MN 56551
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    Henning, MN 56551
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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
    907 Marshall Ave Henning, MN 56551
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