304 E College Drive, Marshall, MN 56258 - Photo 1

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$375,000 -$50,000 (-11.76%) Price Reduced

For Sale
Active
Commercial
2,480 Sq. Ft.
0.4 Acres
Updated 2 days ago

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Property Description

Unlock the potential of this nearly turn-key, high-visibility gas station situated in one of Marshall's most active routes. With over 2,000 sq ft of retail space, a 2860 sq ft well-lit steel canopy, and a large illuminated pole sign positioned right on the corner, this property offers exceptional exposure and convenience for both local traffic and passersby. Strategically located near thriving downtown businesses, the busy East College Drive corridor, and multiple nearby apartment complexes, this site offers a steady flow of daily customers. Inside, the building is equipped with everything you need to hit the ground running-multiple display coolers, a full walk-in cooler, patron restrooms, generous floor area for product placement, and a raised front service counter designed for visibility and security. Bright lighting throughout both the interior and exterior of the property ensures customers feel welcome at all hours. With its ideal location, strong visibility, and ready-to-operate setup, this property presents a rare opportunity for investors or operators looking to establish or expand a successful gas station or convenience-based business.

Full Property Details

Full Property Details for 304 E College Dr

General

Price: $375,000
Taxes: $4,852 (2025)
Status: Active
Type: Commercial
Source: NorthStarMLS_RMLS
MLS ID: 6824657
Updated: 3/24/2026
Added to Site: 107 day(s) ago

Parking

Parking Features: Covered, Concrete, Guest Parking, Parking Lot

Location

County: Lyon
Township: Marshall
Subdivision: Marshall
Driving Directions: On the corner of E College Drive and W Marshall.

School Information

School District: 1644 - Marshall
High School District: Marshall

Heating & Cooling

Central air: Yes
Cooling Type: Central Air
Heating Type: Forced Air
Heating Fuel: Natural Gas

Utilities

Sewer: City Sewer Connected
Water: City Water (Connected)
Utility Description: Electric Common, Heating Common, Hot Water Common

Structural Information

Foundation Size: 2480
Roof: Flat
Disability Access: Grab Bars In Bathroom, No Stairs External, No Stairs Internal
Square Feet: 2,480
Finished Down/Base.: 2,480 Sq. Ft.
Current Bldg. Use: Vacant
Year Built: 1992

Lot Features

Lot Size (Acres): 0.4
Lot Dimensions: 198 x 198
Frontage: City Street, Curbs, Sidewalks, Street Lights
Potential Use: Retail
Zoning: Business/Commercial
Lot Description: Corner Lot

Financial Considerations

Tax Amount: $4,852.66
Tax Year: 2025
Terms: Conventional, VA, FHA, Cash, USDA

Disclosures and Reports

Legal Description: ORIGINAL PLAT 01010001
Inclusions: Building, Fixture/Equipment
Property ID: 276772060

Listed by Edina Realty, Inc.

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— 304 E College Dr —

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Price & Sales History for 304 E College Dr Get Price Alerts and Save Property

Date

Details

Price

Change

Source

3/24/2026

Price Reduced

$375,000

-11.76%

MLS

12/10/2025

Listed

$425,000

—

MLS

Get Price Alerts and Save Property

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 304 E College Dr

Year

Property Taxes

Change

Tax Assessment

Change

2024

$4,918

-18%

$213,500

-1%

2023

$6,004

6%

$214,900

—

2022

$5,648

-1%

$214,900

-1%

2021

$5,702

—

$217,300

—

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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304 E College Drive, Marshall, MN 56258 (MLS# 6824657) is a Commercial property. 304 E College Drive is currently listed for $375,000 and was received on December 10, 2025. Want to learn more about 304 E College Drive? Do you have questions about finding other Commercial real estate for sale in Marshall? You can browse all Marshall real estate or contact a Coldwell Banker agent to request more information.

304 E College Dr Marshall, MN 56258