900 Clarice Ave - Sports and Entertainment FOR SALE


Marshall, MN 56258
$2,550,000 USD
714-875-2400
900 Clarice Ave, Marshall, MN for Sale
$2,550,000 USD
Sports and Entertainment - FOR SALE
1/14
null | Request Cap Rate

NEW


900 Clarice Ave
Marshall, MN 56258


HIGHLIGHTS

  • EXCELLENT VISIBILITY & ACCESS – Direct access and visibility and convenient proximity to 19,000+ VPD from Hwy 23 & US-59.
  • NEIGHBORING NATIONAL TENANTS - Near Runnings, Harbor Freight, AT&T and Cold Stone. The property is surrounded with local and major national tenants.
  • PRIME LOCATION – Near Southwest Minnesota State University (2,800+ students) & Schwan HQ (1,500+ jobs)
  • LARGE SITE AREA - Situated on over 4 acres, the expansive parcel provides ample parking, flexibility for redevelopment, or room for future expansion.
  • ADJACENT TO NEW MULTIFAMILY DEVELOPMENT - The subject property directly borders the brand-new Stone Meadow Apartments, a ±108-unit community.
  • BOOMING REGIONAL GROWTH - Marshall, MN saw a record $36.9M in building permits in 2024, driven by $32M in commercial projects.

OVERVIEW

Prime Net Lease is pleased to present 900 Clarice Avenue in Marshall, MN, a versatile ±4,926 SF commercial property built in 2012 and renovated in 2019. Zoned B-3 and situated on over 4 acres, the site offers exceptional flexibility for restaurant, entertainment, retail, or redevelopment use, supported by ample parking and extensive existing infrastructure. The property benefits from excellent visibility and access to U.S. Route 59 (9,875 VPD) and Highway 23 (9,523 VPD)—a major connector spanning across Minnesota and serving as a critical regional thoroughfare. It sits directly across from Runnings, Harbor Freight, AT&T, and Cold Stone, and is surrounded by prominent national tenants such as Walmart, Menards, McDonald’s, Starbucks, Caribou Coffee, Arby’s, Subway, and Dollar Tree, providing strong co-tenancy and consistent traffic. Marshall’s strong economic base further enhances the property’s appeal. The city is home to Southwest Minnesota State University (2,800+ students) and the Schwan Food Company headquarters (1,500 employees), both major drivers of local demand. The property’s existing improvements—including a restaurant, bar, arcade, 18-hole mini golf course, sand volleyball courts, and go-kart track—offer valuable infrastructure for future operators or redevelopment concepts. Marshall continues to experience significant regional growth, with $36.9 million in building permits issued in 2024, driven by $32 million in commercial projects. Additionally, the property directly borders the new 108-unit Stone Meadow Apartments development, bringing increased residential density and daily traffic to the area. This offering represents a unique opportunity for investors, developers, or owner-users to acquire a high-visibility, large-parcel asset in a rapidly expanding regional market.

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/SF

$588 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Redevelopment Opportunity

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.07 AC

LAND SF

177,289 SF

ZONING

B-3: General Business

APN/PARCEL ID

27-658005-0

ASK ABOUT THIS PROPERTY

Paul MatusikPrime Net LeaseMore Info
714-875-2400

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Paul MatusikPrime Net LeaseMore Info
714-875-2400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.