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For Sale

Savvy Salon & Knails Salon

1240 Floyd Wild Dr,
Marshall, MN 56258
Represented by
Edina Realty

Asset Snapshot

Full Service
Retail Subtype
2006
Year Built
0.76 Acres
Land Area
100%
Occupancy

Offering Summary

Investment Overview

Well-maintained and income-producing commercial investment opportunity features a 5,092 sq. ft. single-story building with a proven operating history. The property is currently occupied by two established tenants—K Nails and Savvy Salon—each operating with multiple individual contractors, providing a diversified and consistent income stream. 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.


Investment Highlights

  • 5,092 SF building
  • 2 units
  • Built in 2006
  • Zoned B-3
  • Located in the Marshall area
  • K nails has 2 and 1/2 years left on lease and would like to resign for the future. Savvy Salon has just finished renovations and has an active manager with 2 stylists.

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Listing Syndicated From

Buildout
Accepting Offers
$580,000
Asking Price

Investment Sales Broker

TD

Market Insights