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Office

Lyon Street Center

1400 E Lyon St, Marshall, MN 56258

Listing Price: $398,000

Cap Rate
7.13%
Gross SF
9,900
Rentable SF
9,000
Price/Gross SF
$40.20
Lot Size
1.41 acres
Year Built
1958

Investment Overview

This value add office building is 70% occupied with the opportunity to raise rents and fill current vacancy. The Department of Health, Department of Natural Resources, and The Minnesota Board of Water and Soils are the major tenants in this building.

Investment Highlights

  • Priced below assessed value
  • Government backed leases since 1997
  • Renovated parking lot, bathroom, and hvac exceeding $40,000

Exclusively Listed By

Financing By

Office

Lyon Street Center

Listing Price: $398,000

Cap Rate
7.13%
Gross SF
9,900
Rentable SF
9,000
Price/Gross SF
$40.20
Lot Size
1.41 acres
Year Built
1958

Investment Highlights

  • Priced below assessed value
  • Government backed leases since 1997
  • Renovated parking lot, bathroom, and hvac exceeding $40,000

Investment Overview

This value add office building is 70% occupied with the opportunity to raise rents and fill current vacancy. The Department of Health, Department of Natural Resources, and The Minnesota Board of Water and Soils are the major tenants in this building.

Exclusively Listed By

Financing By

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