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    Melrose, MN
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    Melrose, MN Office Units for Sale

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    Melrose Industrial Property with Showroom
    Updated: Jun 26, 2024
    Melrose Industrial Property with Showroom

    711 E Main Street, Melrose, MN 56352

    $295,000
    1,415 sqft 2.07 AC lot
    Large 7,352 SF industrial building suitable for owner occupancy
    High visibility corner location near downtown on East Main Street
    Heavy three‑phase power
    Potential for future building expansion on 2.07 acres comprised of 4 parcels
    Recently renovated exterior (new steel exterior and roof in 2010)
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    This listing looks promising.

    Here's a quick look at some key insights for

    711 E Main Street, Melrose, MN 56352

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    • Est. Cap Rate

      5.5%
      NOI ÷ price

    • Est. NOI

      $16K
      Annual

    • Price @ 7% Cap

      $233K
      Suggested

    • Property Type

      Manufacturing (Light)
      Built 1951
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    Brand-New Office Suites
    Updated: Dec 27, 2023
    Brand-New Office Suites

    325 1st Street NE, Melrose, MN 56352

    Contact for pricing
    4,442 sqft
    Five brand‑new commercial office suites available with flexible layouts
    Suite sizes range from 650 to 1,050 sq. ft.
    Year built: 2024
    Paved driveway and lot parking available
    Building includes 29 residential units, creating an on‑site customer base
    View details
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Melrose, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    End Unit Wellness Office Suite
    End Unit Wellness Office Suite

    803-510 22nd Ave E, Alexandria, MN 56308

    $549,900
    2,500 sqft

    End unit suite currently operating as a salon, offering nearly 2,500 square feet with parking and exposure nearby businesses.

    View details
    Single-Level Office Suite
    Single-Level Office Suite

    510 3rd St N, Waite Park, MN 56387

    Contact for pricing
    743 sqft

    Single-level office suite with central air, conference room, and dedicated entry for an established workspace.

    View details
    Office Suite with Private Entrance
    Office Suite with Private Entrance

    303 22nd Avenue W #6, Alexandria, MN 56308

    Contact for pricing
    11,640 sqft

    Suite includes a large office and private bath, with a private entrance and parking in a professional building.

    View details
    Office Condo Suite
    Office Condo Suite

    406 Great Oak Dr, Waite Park, MN 56387

    Contact for pricing

    Well-laid-out office condo with built-in desks, reception area, conference room, and two restrooms.

    View details

    Melrose, MN Office Units Market Trends and Statistics

    Explore 2 office units for sale in Melrose, MN on our real estate platform. These investment opportunities span a total of 1,415 square feet of properties for sale, with an estimated market value of $295,000.

    Sale prices for office units in Melrose, MN start at $295,000, averaging $295,000, and reaching up to $295,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 2

    Demographics Overview

    Population 5,955
    Population Growth (5Y) -1.1%
    Median Household Income $71,356
    College Educated 26.4%

    High-Yield Neighborhoods for Investment

    Identify Melrose submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    56352 $339K

    Taxes & Financing

    Tax Rate (average for all types) 2.38%
    Property Tax per SF $53.54 per SF
    Tax Rate vs County Average 0.42 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Stearns County

    New Delisted

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