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Multi-Level Office Building
For Sale
$499,900

20 4th Avenue SE, Melrose, MN 56352

Commercial Sale, Melrose, MN

Property Size20,644 SF
Lot Size0.32 Acres
Price / SF$24.22
Days on Market210

Property Features for 20 4th Avenue SE

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Business/Commercial
Rooms Basement
Parking features Carport
Exterior features Brick Veneer, Metal, Stucco
Accessibility Accessible Elevator Installed
Appliances Air-To-Air Exchanger, Furnace Humidifier, Refrigerator
Subdivision Townsite Of Melrose
High school district Melrose
Directions I-94 West, Melrose Exit, Right on 2nd Ave SE, Right on Main St E, Right on 4th Ave SE
Standard status Active
APN 66371850000
Lot size 0.32 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 37510

Utilities

Heating system Forced Air
Cooling system Ductless, Central Air

Building Details

Year built 1991
Listing Agency: VoigtJohnson
Listed By: Craig Hiltner
Added: Feb 3 Changed: Sep 1 Last Checked: Sep 1 at 11:06PM
MLS# 7016008

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This office property was built in 1991 and is arranged across three main levels with an additional lower level. An accessible elevator and multiple stairways connect the building, while the interior includes private offices, cubicle areas, conference rooms, restrooms, employee spaces, and storage. Brick veneer, metal, and stucco form the exterior, with forced-air heating and both central air and ductless cooling.

The property sits in downtown Melrose at 20 4th Avenue SE. A carport provides on-site parking, and the lower level includes basement space. The existing configuration supports professional office occupancy and offers multiple types of work areas within one building.

Key Highlights

  • 20 4th Avenue SE, Melrose, MN 56352
  • 0.32 acres
  • Three main levels plus a lower level

Property Analytics

Current Use

Jenni-O Turkey Store Industrial Manufacturer Magnifi Financial Administration ... Credit Union Central Minnesota Credit ... Credit Union

Suggested Use

Top Pick Dental Office HVAC Service Kitchen & Bath Showroom Grocery & Convenience Store Bakery (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

243
Businesses Nearby

Demographics for 56352, MN

5,775
Population
2,656
Households
2.2
Avg Household Size
39
Median Age
19%
College-Educated
93%
High-School Grad
109.9 sq mi
ZIP Area
53
Density / Sq Mi
$71,356
Median Household Income
$43,909
Median Earnings
$1,047
Median Rent
$225,100
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Adaptable professional office property with private rooms, collaborative work areas, conference rooms, and elevator access.
Where is this office building located?
The property is located at 20 4th Avenue SE Melrose, MN.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 20 4th Avenue SE, Melrose, MN 56352; 0.32 acres; Three main levels plus a lower level
More about this property
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