UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Lyon Cty Coop 1St Add
MLS Listing ID 7064453
Year Built 2006
Annual Tax Amount $12,406
Tax Year 2026
Contingent None
Lot Size 0.846 Acres
Lot Dimensions 0.846 Acres
Property Description
Strategically located in a high-traffic area across from major national retailers including Walmart, Aldi, and Runnings, this property benefits from excellent visibility and consistent consumer draw.
The Savvy Salon side features 8 individual suites, each equipped with a shampoo bowl, chair, mirror, vanity, and hood dryer. The salon is currently home to 8 renters (4 full-time and 4 part-time) with capacity to accommodate up to 2 additional full-time renters, offering immediate upside potential.
This investment offers strong expense ratio efficiency with recent capital improvements already completed, minimizing near-term maintenance needs. Updates since 2023 include parking lot resurfacing and striping, landscaping enhancements, HVAC system updates, interior paint, and numerous tenant-facing upgrades such as new LVP flooring (K Nails), salon chairs, shampoo sinks, TV monitors, and washer/dryer units.
Additional upside potential exists through future rent adjustments and the opportunity to optimize tenant mix or expand occupancy. A turnkey asset ideal for investors seeking stable cash flow with value-add potential OR turn this awesome building into your business's next home.
Location
State MN
County Lyon
Zoning Business/Commercial
Rooms
Basement None
Interior
Heating Forced Air
Cooling Central Air
Inclusions Building
Fireplace No
Exterior
Parking Features Parking Lot, Paved Lot
Utilities Available Electric Separate, Heating Separate, Hot Water Separate
Roof Type Asphalt
Present Use Professional/Office,Beauty/Barber Shop,Commercial,Professional Service
Building
Lot Description Corner Lot, Irregular Lot
Story One
Foundation 5092
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One
New Construction false
Schools
School District Marshall
NEARBY SCHOOL & BUSINESS
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