Building Details

Year Renovated 2010

Buildings 1

Stories 1

Listing Agency: Coldwell Banker Commercial Orion Real Estate Advisors

Listed By: Scott M. Schmitt, CCIM · License #MN

Source: Crexi

Added: Jul 2, 2024 Changed: Aug 20 Last Checked: Aug 20 at 1:22PM

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Investment Insights

Based on property information with market context.

Located on East Main Street in Melrose, Minnesota, this 7,352 square foot industrial property is available for sale. The property occupies a visible corner location near downtown Melrose, a city situated approximately 30 miles west of Saint Cloud. Constructed in 1951 with additions in 1985 and 1987, the building underwent exterior renovations in 2010, including a new steel exterior and roof. The building's layout includes a reception area, showroom, office space, shop, and warehouse areas. Approximately 1,415 square feet are dedicated to office space, while the shop and warehouse areas encompass around 5,937 square feet. Several cranes of various sizes are currently in place and may be available for purchase. The building is equipped with heavy three-phase power. The property, situated on four separate parcels, offers potential for future building expansion. This industrial building presents an opportunity for an owner-occupier.

Key Highlights

• Reduced Price: Now offered at $359,000 (was $415,000).
• 7,352 SF Industrial Building on 2.07 Acres.
• Heavy Three Phase Power.

Property Analytics

Property Profile

Current Use

Empire Memorials Inc General Contractor

Suggested Use

Top Pick Dental Office HVAC Service Building Supply Restaurant Storage Facility Kitchen & Bath Showroom

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

115

Businesses Nearby

Balanced

Demand for This Use

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 Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Similar Off Market Nearby

• Melrose Blue Door Storage — Kraft Dr, Melrose, MN 56352

Frequently Asked Questions

What type of property is this?

Warehouse - 7,352 SF industrial building on 2.07 acres in Melrose, MN.

Where is this warehouse located?

The property is located at 711 East Main Street Melrose, MN.

What is the asking price?

The asking price for this property is $295,000.

What are key features of this property?

This property features: Reduced Price: Now offered at $359,000 (was $415,000).; 7,352 SF Industrial Building on 2.07 Acres.; Heavy Three Phase Power.