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New Mixed-Use Building with Retail Suites

325 1st Street NE, Melrose, MN 56352

For Lease
Contact for pricing

Five new commercial suites are offered in a building that also contains 29 residential units.

Space Size650 SF - 1,050 SF
Property Size4,442 SF
Days on Market1049

Property Features for 325 1st Street NE

General Information

Standard status Active
Size 650 SF - 1,050 SF
Net Rentable 650 SF
Zoning Business/Commercial, Residential-Multi-Family
Lease Type NNN

Space & Availability

Available Space 650-1,050 SF
Contiguous Space 1,050 SF
Space Use Commercial

Taxes and HOA fees

Annual Taxes $5,914

Amenities

downtown location next to city hall
overlooking the River
plenty of parking
great visibility

Building Details

Building Size 4,442 SF
Year Built 2024
Units 5
Tenancy Multi
Listing Agency: Central MN Realty LLC
Listed By: Matthew A. Imdieke · License MN #40385388
Source: Randyfischerrealestate
Added: Dec 28, 2023 Changed: Nov 8 Last Checked: Nov 9 at 5:04AM

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 Central MN Realty LLC

Rey
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Investment Insights

Based on property information with market context.

Five commercial suites are available in a mixed-use building completed in 2024. The spaces range from 650 to 1,050 square feet, and the suite layouts can be customized. The property is zoned for business/commercial and multifamily residential use.

The building is in downtown Melrose, next to city hall and overlooking the river. It includes 29 residential units alongside the commercial space.

Key Highlights

  • Five commercial suites available, ranging from 650 to 1,050 square feet
  • Suite layouts can be customized
  • Building completed in 2024

Property Analytics

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

Current Use

Retail space

Suggested Use

Top Pick Dental Office HVAC Service Restaurant Hair Salon Storage Facility Law Firm

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

Lease Details

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

277
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
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Five new commercial suites are offered in a building that also contains 29 residential units.
Where is this mixed-use property located?
The property is located at 325 1st Street NE Melrose, MN.
What are key features of this property?
This property features: Five commercial suites available, ranging from 650 to 1,050 square feet; Suite layouts can be customized; Building completed in 2024
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