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1501 E College Drive Marshall, MN $ 1,215,000
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$ 1,215,000 Get more info
1501 E College Drive
$ 1,215,000
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Share Save

1501 E College Drive

Marshall, MN, 56258
$ 1,215,000
Bedrooms-- Baths2.0 Sq 4,702

Monthly Estimate*

$ 8,392

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Commercial Property for sale in Marshall, MN

for $1,215,000 with 2 full baths. This 4,702 square foot building was built in 1972 on a lot size of 0.86.

Don't miss this rare opportunity to own a fully operational, turn-key diner in a high-traffic, high-visibility location in the heart of Marshall! This beloved eatery has been serving loyal customers for years, including locals, commuters and college students! The business is fully furnished, and the atmosphere is cozy and clean. Space has been allocated for the future addition of a drive-through. Whether you're looking to expand your business, cater or have another business idea entirely, this is the perfect space for your next venture. Bonus is that the buyer will receive the menu and recipes from Mike's Cafe, offering a part of two popular businesses with this sale!

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Commercial Active

Price

$ 1,215,000

Full Bath

2

Property Type

Commercial

Taxes

$ 12,362

Style

Lot Size

0.86

Year Built

1972

Town/City

Marshall

County/Region

Lyon

MLS | Web ID

6766738
Features
General
Sewer City Sewer/Connected
Heating Forced Air
Cooling Dual
Utilities Electric Separate Heating Separate Hot Water Separate
Roof Age 8 Years or Less
Appliances Dishwasher Exhaust Fan Freezer Gas Water Heater Indoor Grill Refrigerator Stainless Steel Appliances
Garage Spaces 0
Construction Materials Block Brick
Year Built 1972
Levels One
Tax Year 2025
Current Use Commercial Restaurant
Accessibility Doors 36 + Grab Bars In Bathroom Wheelchair Ramp(s)
County Lyon
New Construction N
Property Type Commercial Sale
Contingency None
Subdivision Name F J Mclaughlin 2nd Sub
Possible Use Restaurant
Directions E College Dr next to The Mattress Barn
City Marshall
High School District Marshall
Zoning Description Business/Commercial
Number Of Units Total 1
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 12362.63
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Exterior
Parking Features Parking Lot
Water Source City Water/Connected
Inclusions Building Fixture/Equipment Inventory Land
Lot Size Area 0.86
Building Area Total 4702
Lot Dimensions 50000
Waterfront Y/N N
Foundation Area 4702
Road Frontage Type City Street
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Interior
Basement (Y/N) N
Total Bedrooms 0
Total Baths 2
Fuel Natural Gas
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Internal Only
Street Number 1 1501
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* Excluded Features
List By
Marshall Area Homes

Broker

cheri@marshallareahomes.com

Email

Affordability Calculator

$9,422
Per Month
89%
11%
0%
Monthly Principal & Interest
$8,392
Monthly Property Taxes
$1,030
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2543112 Elementary School
2543124 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/6/2026$1,215,000 -0.82% Price Down
4/3/2026$1,225,000 -5.77% Price Down
8/5/2025$1,300,000 Listed Price

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1501 E College Drive, Marshall, MN, 56258 is a Commercial Property for sale at $1,215,000 with 4,702 sqft and a lot size of 0.86. 1501 E College Drive has 2.0 baths and was built in 1972. The property's zip code is 56258 which is in Marshall, MN

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