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325 1st Street NE, Melrose, MN 56352

Commercial Sale, Melrose, MN

Property SizeContact for details
Lot Size1.31 Acres
Days on Market1022

Property Features for 325 1st Street NE

General Information

Property type Commercial Sale
Property subtype Office
Zoning description Business/Commercial, Residential-Multi-Family
Parking features Parking Lot
Subdivision Melrose Riverview Add
High school district Melrose
Directions From I-94, Right on Co Rd 13, Right on Riverside Ave, Building on Left Side.
Standard status Active
APN 66370110200
Lot size 1.31 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 5914

Utilities

Heating system Forced Air

Building Details

Year built 2024
Listing Agency: Central MN Realty LLC
Listed By: Matthew A. Imdieke · License #40385388
Added: Dec 28, 2023 Changed: Oct 8 Last Checked: Oct 15 at 5:06AM
MLS# 6472042

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.

Investment Insights

Based on property information with market context.

Completed in 2024, this office property offers five commercial spaces ranging from 650 to 1,050 square feet. The suites can be customized to suit business requirements, and the building also contains 29 residential units. Forced-air heating serves the property, with a parking lot available on site.

The property is in downtown Melrose, next to city hall and overlooking the river. Its location places the office spaces within a building that combines commercial suites and residential units.

Key Highlights

  • Five office spaces ranging from 650 to 1,050 square feet
  • Suites can be customized to accommodate business needs
  • Building includes 29 residential units

Property Analytics

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Current Use

Office Units

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.

Location Intelligence

Trade Area within ½ mile

248
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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Five configurable spaces accommodate a range of business needs in a downtown setting.
Where is this office units located?
The property is located at 325 1st Street NE Melrose, MN.
What are key features of this property?
This property features: Five office spaces ranging from 650 to 1,050 square feet; Suites can be customized to accommodate business needs; Building includes 29 residential units
More about this property
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