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Multilevel Office Building with Elevator
For Sale
$499,900

20 4th Avenue SE, Melrose, MN 56352

Commercial Sale, Melrose, MN

Property Size20,644 SF
Lot Size0.32 Acres
Price / SF$24.22
Days on Market256

Property Features for 20 4th Avenue SE

General Information

Property type Commercial Sale
Property subtype Office
Zoning description Business/Commercial
Rooms Basement
Parking features Carport
Accessibility Accessible Elevator Installed
Appliances Air-To-Air Exchanger, Furnace Humidifier, Refrigerator
Subdivision Townsite Of Melrose
High school district Melrose
Directions I-94 West, Melrose Exit, Right on 2nd Ave SE, Right on Main St E, Right on 4th Ave SE
Standard status Active
APN 66371850000
Lot size 0.32 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 37510

Utilities

Heating system Forced Air
Cooling system Central Air, Ductless

Building Details

Year built 1991
Listing Agency: VoigtJohnson
Listed By: Craig Hiltner
Added: Feb 3 Changed: Oct 8 Last Checked: Oct 17 at 6:06AM
MLS# 7016008

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

The 20,644-square-foot office building, constructed in 1991, spans three levels and a lower level. An elevator and multiple stairways connect the floors. Interior space includes private offices, cubicle workstations, conference rooms, restrooms, employee areas, and storage, with quality finishes throughout.

The property occupies a 0.32-acre site at 20 4th Avenue SE in downtown Melrose, Minnesota. Heating is forced air, with central air and ductless cooling. An air-to-air exchanger, furnace humidifier, refrigerator, and carport are also included.

Key Highlights

  • 20,644‑square‑foot office building on a 0.32‑acre site
  • Three levels plus a lower level, served by an elevator and multiple stairways
  • Private offices, cubicle workstations, conference rooms, restrooms, employee areas, and storage

Property Analytics

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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

243
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Four usable levels offer a mix of private offices, collaborative work areas, meeting rooms, and support space.
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‑square‑foot office building on a 0.32‑acre site; Three levels plus a lower level, served by an elevator and multiple stairways; Private offices, cubicle workstations, conference rooms, restrooms, employee areas, and storage
More about this property
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