Property profile

8 Marshall Ave Springfield, MN 56087

OFF-MARKET
Investment properties
Property ID
US46-2136543
4,000 SF 0.04 ac lot Built 1938
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional commercial opportunity encompasses two buildings totaling 4,000 square feet on a 0.04-acre lot in the heart of downtown Springfield, Minnesota. The main building boasts a versatile open floor plan ideal for a variety of businesses, complemented by convenient upstairs living quarters and an attached garage. This provides an owner-operator with the flexibility of living above their business or the option to lease the residential space for additional income. The adjoining building, also single-story, features a central split wall, offering further adaptability for different business needs or potential subdivision. The sale includes both buildings, presenting a unique chance to acquire a substantial footprint in a thriving downtown area. The property's high visibility storefront ensures excellent exposure to foot traffic and passing vehicles. This is a turnkey opportunity for an entrepreneur seeking a well-established presence in a vibrant community. The property includes parcels R003.000.009.04.040 and R003.000.009.04.042, ensuring clear and complete ownership. Don't miss this chance to own a significant piece of Springfield's commercial landscape. The asking price is $249,000.

Property profile

Verified
Property type Investment properties
Year built 1938
Total area 4,000 SF
Lot 0.04 ac (1,742 SF)
UPID US46-2136543

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8 Marshall Ave Springfield, MN 56087
Springfield metro
Google Maps

Value estimations

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

Owner & transaction history

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 8 Marshall Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message