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23-Unit Shopping Center

1420 E College Drive, Marshall, MN 56258

For Sale
$1,900,000

Commercial Sale, Marshall, MN

Property SizeContact for details
Lot Size15.22 Acres
Days on Market64

Property Features for 1420 E College Drive

General Information

Property type Commercial Sale
Property subtype Retail
Zoning description Business/Commercial
Parking features Parking Lot
High school district Marshall
Directions From the intersection of Hwy 23 and East College Drive go West on East College Drive until Market Street. Then go south onto Market Street until you have entered the mall parking lot.
Standard status Active
APN 275160050
Lot size 15.22 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 18460

Utilities

Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1976
Listing Agency: RE/MAX Advantage Plus · RE/MAX International
Listed By: Laura Deslauriers
Added: Sep 5 Changed: Oct 30 Last Checked: Nov 7 at 10:06PM
MLS# 7139761

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

The shopping center contains 23 individual units on a 15.215-acre site. Built in 1976, the property has forced-air heating, central air conditioning, and a parking lot. The site is zoned B-3 General Business District.

Access is available from Highway 23, and the property is located in Marshall, Minnesota.

Key Highlights

  • 23 individual units
  • 15.215‑acre site
  • B‑3 General Business District zoning

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Dr. Michael K. ... Physician Jill M. Vroman, ... Pediatrician Dr. Joseph R. ... Physician Dr. Laurie M. ... Pediatrician Susan R. Norgaard, ... Physician

Suggested Use

Top Pick Dental Office Real Estate Agency Storage Facility Restaurant Auto Parts Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

884
Businesses Nearby
91k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 64% Shops & Services 23% Hotels & Casinos 7% Apparel 3%
Hobby Lobby Shops & Services
18,714 visits/mo 0.1 miles
Taco Bell Dining
14,724 visits/mo 0.4 miles
Applebee's Dining
11,611 visits/mo 0.3 miles
Arby's Dining
10,855 visits/mo 0.2 miles
Caribou Coffee Dining
9,672 visits/mo 0.2 miles

Demographics for 56258, MN

15,480
Population
6,976
Households
2.2
Avg Household Size
35
Median Age
32%
College-Educated
90%
High-School Grad
193.8 sq mi
ZIP Area
80
Density / Sq Mi
$70,640
Median Household Income
$41,159
Median Earnings
$742
Median Rent
$210,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Shopping center - B-3 zoning and access from Highway 23 support a range of general business uses.
Where is this shopping center located?
The property is located at 1420 E College Drive Marshall, MN.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 23 individual units; 15.215‑acre site; B‑3 General Business District zoning
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