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    711 Main St Melrose, MN 56352

    For Sale
    $375,000

    Spacious industrial building, high visibility, 7,352 sq ft

    Property size:
    1,415 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 7,352 square foot industrial property, situated on a highly visible corner lot at 711 E Main Street in Melrose, Minnesota, presents a compelling investment opportunity. The building, constructed in 1951 with significant additions in 1985 and 1987, boasts a completely renovated exterior, including a new steel exterior and roof completed in 2010. Nestled on a generous 2.07-acre lot comprised of four separate parcels, this property offers significant potential for future expansion. The functional layout includes a well-appointed reception area, a showroom ideal for product display, a dedicated office space of approximately 1,415 square feet, and an expansive shop/warehouse area totaling roughly 5,937 square feet. The existing infrastructure includes several cranes of varying sizes, which may be available for purchase separately. The property benefits from robust three-phase power, making it suitable for a variety of industrial applications. Its prime location near downtown Melrose ensures high visibility and easy access. This is an ideal owner-occupier opportunity to acquire a substantial, well-maintained industrial building at an attractive price of $375,000. The combination of size, location, and recent renovations makes this a rare find in the Melrose market.

    Property Features for 711 Main St

    General Information

    Property type
    Industrial properties
    Square Feet
    1,415 SF
    Lot Size
    90,169 SF

    Building Details

    Year Built
    1951
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Empire Memorials Inc Monument Maker

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Melrose
    County
    Stearns
    State
    Minnesota
    Longitude
    -94.80352
    Latitude
    45.67538

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Industrial property - Spacious industrial building, high visibility, 7,352 sq ft
    Where is this industrial property located?
    The property is located at 711 Main St Melrose, MN.
    What is the asking price?
    The asking price for this property is $375,000.
    (320) 251-1177
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    711 Main St Melrose, MN 56352
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    Melrose, MN 56352
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    711 Main St Melrose, MN 56352
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