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    315 Main St Melrose, MN 56352

    Sponsored
    For Sale
    $78,000

    Prime location, fully equipped, great potential!

    Property size:
    2,317 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property, located at 315 E Main Street in Melrose, Minnesota, presents a fantastic opportunity for a discerning entrepreneur. Boasting 2,317 square feet on the main level, this well-maintained building, constructed in the 1930s, is ideally suited for a variety of retail ventures. The property includes a wealth of commercial-grade equipment, perfect for a food-related business, already in place. This includes three walk-in freezers, one walk-in cooler, two refrigerated display cases, a display refrigerator, a meat slicer, a vacuum sealer, and numerous prep tables and additional equipment. The lower level offers convenient storage space, an office area, and a half bath. The building benefits from ample on-street parking, enhanced by sidewalks and streetlights, ensuring easy access for customers. Situated in the heart of downtown Melrose, this property enjoys a prime location amongst thriving businesses and retail shops, offering excellent visibility and foot traffic. The 0.06-acre lot provides a manageable footprint for operations. This affordable opportunity is further enhanced by the availability of the City of Melrose's Commercial Loan Program, making this dream of business ownership a realistic possibility. Don't miss this chance to establish your business in a vibrant and supportive community.

    Property Features for 315 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,317 SF
    Lot Size
    2,614 SF

    Building Details

    Year Built
    1930
    Property Profile Location Intelligence

    Current Use by Public Records

    Brüders Butcher Melrose Butcher Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Melrose
    County
    Stearns
    State
    Minnesota
    Longitude
    -94.80934
    Latitude
    45.67511

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    FAQs

    What type of property is this?
    Commercial real estate - Prime location, fully equipped, great potential!
    Where is this commercial real estate located?
    The property is located at 315 Main St Melrose, MN.
    What is the asking price?
    The asking price for this property is $78,000.
    (320) 363-4363
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    315 Main St 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
    315 Main St Melrose, MN 56352
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