1611 Halbur Rd Marshall, MN 56258
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.