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    406 S 2Nd Ave E Melrose, MN 56352

    For Sale
    $700,000

    Retail property with drive-thru, excellent access, and income potential.

    Property size:
    4,388 SF
    Lot size:
    0.82 Acres

    Property Features for 406 S 2Nd Ave E

    General Information

    Size
    4,388 SF
    Lot size
    0.82 Acres

    Source: Brisky Net Lease Agent Brian Brisky

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Property with Drive-Thru Potential

    This 4,388 square foot retail property offers a flexible configuration suitable for various future uses, including drive-through restaurants. The property benefits from dual build-out options and features a drive-thru. It has excellent access and circulation, facilitated by five points of ingress/egress, ensuring smooth traffic flow and customer convenience. The property is strategically located to capture traffic from Melrose’s residential neighborhoods heading south toward I-94. An existing Subway tenancy provides supplemental rental income. The retail submarket demonstrates strong fundamentals with a low vacancy rate of 3.9% and no current construction, supporting long-term stability and a healthy retail market. The absence of new retail development underway contributes to a stable and competitive environment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Subway Sandwich Shop Coinhub Bitcoin ATM ... Atm Casey's Pizza Takeout ATM Atm

    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
    -94.817848
    Latitude
    45.670071

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    FAQs

    What type of property is this?
    Drive through restaurant - Retail property with drive-thru, excellent access, and income potential.
    Where is this drive through restaurant located?
    The property is located at 406 S 2Nd Ave E Melrose, MN.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: - Dual build-out with drive-thru offers flexible configuration for various uses.; - Supplemental rental income from existing Subway tenancy.; - Excellent access & circulation with five points of ingress/egress.
    (715) 529-4441
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    406 S 2Nd Ave E 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
    406 S 2Nd Ave E Melrose, MN 56352
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