900 Clarice Ave - Redevelopment Opportunity 4,335 SF Sports & Entertainment Building Offered at $2,550,000 in Marshall, MN 56258

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.