Building Details

Building Size 20,644 SF

Year Built 1991

Buildings 1

Stories 4

Units 1

Listing Agency: VoigtJohnson

Listed By: Craig Hiltner Show Phone

Source: Getyoumoved

Added: Oct 22 Changed: Oct 26 Last Checked: Oct 29 at 11:17PM

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Investment Insights

Based on property information with market context.

This 20,644-square-foot office building was built in 1991 and has three levels plus a lower level. An elevator and multiple stairways connect the floors. Interior features include private offices, cubicle work areas, conference rooms, restrooms, employee areas, and storage.

The property is at 20 4th Avenue SE in downtown Melrose, Minnesota. Its zoning is Business/Commercial.

Key Highlights

• 20,644 SF office building built in 1991
• Three levels plus a lower level, served by an elevator and multiple stairways
• Private offices, cubicle work areas, and conference rooms

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Jenni-O Turkey Store Industrial Manufacturer Magnifi Financial Administration ... Credit Union Central Minnesota Credit ... Credit Union

Suggested Use

Top Pick Dental Office HVAC Service Law Firm Hair Salon Kitchen & Bath Showroom Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

160

Businesses Nearby

Explore this area Business Placement

Demographics for 56352, MN

5,775

Population

2,656

Households

2.2

Avg Household Size

39

Median Age

19%

College-Educated

93%

High-School Grad

109.9 sq mi

ZIP Area

53

Density / Sq Mi

$71,356

Median Household Income

$43,909

Median Earnings

$1,047

Median Rent

$225,100

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Frequently Asked Questions

What type of property is this?

Office building - An elevator and multiple stairways provide access across the building’s levels.

Where is this office building located?

The property is located at 20 4th Avenue SE Melrose, MN.

What is the asking price?

The asking price for this property is $499,900.

What are key features of this property?

This property features: 20,644 SF office building built in 1991; Three levels plus a lower level, served by an elevator and multiple stairways; Private offices, cubicle work areas, and conference rooms