1611 Halbur RdMarshall, MN 56258

Property Details for 1611 Halbur Rd

Lot size

2.06 AC

Property type

Industrial properties

Property subtype

Other industrial properties

APN

27-384009-1

APU

273840091

Description

This exceptional investment opportunity presents a 450 sq ft commercial building situated on a 2.06-acre lot at 1611 Halbur Road, Marshall, MN. Currently leased to Spee-Dee Delivery Services, Inc., under a lease extending through December 2030, this property offers significant long-term stability. The tenant, operating successfully since 1992, demonstrates a strong commitment to the location. Strategically located just north of downtown Marshall, within the city's industrial corridor, the property benefits from proximity to numerous industrial businesses. The building features 10 grade-level doors and 2 dock-high doors, providing excellent access and functionality. The lease agreement designates the landlord responsible for roof maintenance, structural repairs, building insurance, and the first $6,000 of real estate taxes. The tenant assumes responsibility for utilities, all interior building maintenance, snow removal, all common area maintenance (CAM) charges, and any real estate taxes exceeding $6,000. This property offers a compelling combination of secure income, a prime location, and a long-term lease, making it an ideal addition to any investment portfolio. The property's strong tenant history and favorable lease terms contribute to its exceptional value. This is a rare opportunity to acquire a stable, income-producing asset in a thriving industrial area.

• Alternative Use

  Use

  Valuation

  Residential

  $16,940,134

  Hospitality

  $15,517,071

  Educational

  $12,910,021

  Medical

  $13,354,016

  Retail

  $20,082,254

Location Insight

City

Marshall

County

Lyon

State

Minnesota

Latitude

44.4703

Longitude

-95.8011

CBSA code

32140

CBSA name

MARSHALL, MN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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