Technical
Financial
Distress signals
Property profile

1611 Halbur Rd Marshall, MN 56258

OFF-MARKET
Industrial properties
Property ID
US46-2301109
2.06 ac lot
Entity Owned ~ Est. High Equity
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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

Location

1611 Halbur Rd Marshall, MN 56258
Marshall metro Census 360500 MARSHALL, MN MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$290k

Owner & transaction history

since 2025
Last sale
$675,000
2 recorded transactions
2025
$675,000
2025
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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