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    325 1St St Melrose, MN 56352

    Sponsored
    For Sale
    Contact for pricing

    Five new suites, downtown location, river views.

    Property size:
    4,442 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    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 Features for 325 1St St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    4,442 SF
    Lot Size
    57,064 SF

    Building Details

    Year Built
    2024
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Melrose
    County
    Stearns
    State
    Minnesota
    Longitude
    -94.80904
    Latitude
    45.67578

    Nearby Comparable

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      Established Bar & Grill Opportunity

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    Nearby Similar for Sale

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      New commercial spaces available in a growing community.
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      Main Street Melrose Business Space

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      Melrose Industrial Building - Great Value

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    FAQs

    What type of property is this?
    Office Property / Space - Five new suites, downtown location, river views.
    Where is this office property / space located?
    The property is located at 325 1St St Melrose, MN.
    What is the asking price?
    The asking price for this property is $18.
    (320) 363-4363
    Request Owner's contact information
    325 1St 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
    325 1St St Melrose, MN 56352
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