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.
Exclusively Listed By
Financing By
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
