711 E Main Street, Melrose, MN 56352
7,352 SF industrial building with showroom and warehouse space.
- Added:
- Jun 26, 2024
- Days on Market:
- 732
- Last Refresh:
- May 20 at 1:49 am
Property Features for 711 E Main Street
General Information
- Standard status
- Active
- Size
- 1,415 SF
- Lot size
- 2.07 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1951
Listing office Orion Real Estate Advisors, Inc (320) 267-4576
Listing date Jun 26, 2024
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Orion Real Estate Advisors, Inc
HighLights
- Large 7,352 SF industrial building suitable for owner occupancy
- High visibility corner location near downtown on East Main Street
- Heavy three‑phase power
- Potential for future building expansion on 2.07 acres comprised of 4 parcels
- Recently renovated exterior (new steel exterior and roof in 2010)
- Includes office (1,415 SF), shop/warehouse (5,937 SF), reception, and showroom areas
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.4k | $20.04 |
| − Vacancy | −$1.2k | −$0.88 |
| EGI | $27.1k | $19.16 |
| − OpEx | −$8.1k | −$5.75 |
| NOI | $19.0k | $13.41 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Melrose
- County
- Stearns
- State
- Minnesota
- Longitude
- -94.8267
- Latitude
- 45.6747
