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Property profile & analytics
OFF-MARKET
Commercial land

325 1st NE St Melrose, MN 56352-1155

2,608 SF 1.31 ac lot Built 1955
Entity Owned 2-yr Hold Free & Clear
Property ID
US46-1748729
Property summary
AI-generated overview

This exceptional commercial property, located at 325 1st Street NE in Melrose, Minnesota, offers five brand-new, luxurious office suites perfect for expanding your business. Situated in a thriving downtown location, these suites boast convenient access and high visibility. Each suite ranges in size from 650 to 1050 square feet and can be customized to meet your specific business needs. The building's prime location offers stunning river views and is adjacent to city hall, ensuring high foot traffic and easy access for clients and employees. The property sits on a 1.31-acre lot and the building itself encompasses a total of 4,442 square feet. A significant advantage is the presence of 29 residential units within the same building, providing a built-in customer base for your business. Ample parking is available, further enhancing the convenience and appeal of this exceptional opportunity. The asking price for this exceptional property is $18 million. Don't miss this chance to establish your business in a vibrant and growing community. Contact us today to schedule a viewing and explore the possibilities.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1955
Total area 2,608 SF
Lot 1.31 ac (56,900 SF)
APN 66.37011.0200
UPID US46-1748729
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Riverside Flats Of Melrose LLC · 2 yrs held
Riverside Flats Of Melrose LLC
since 2023
2 recorded transactions
2023
Price N/A
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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