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Property profile & analytics
OFF-MARKET Estimated value $675,000
Industrial properties

1611 Halbur Rd Marshall, MN 56258

2.06 ac lot
Entity Owned ~ Est. High Equity
Property ID
US46-2301109
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Lot 2.06 ac (89,908 SF)
APN 27-384009-1
UPID US46-2301109
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$675k
Owner & transaction history
Jm Development LLC
Jm Development LLC
since 2025
Last sale
$675,000
2 recorded transactions
2025
$675,000
2025
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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