223 Kraft Dr Melrose, MN 56352
This exceptional 6,000 square foot, fee-simple property in Melrose, Minnesota, presents a lucrative owner-user opportunity. Built in 2012, the single-story building boasts a thriving restaurant/coffee shop (4,750 sq ft) and a retail store (1,250 sq ft) currently operating at 100% occupancy until July 15, 2024. The restaurant features a large kitchen equipped with two walk-in coolers and a walk-in freezer, ideal for catering. The tasteful interior combines barn wood, knotty pine, Edison lighting, and a stone fireplace. The retail space showcases locally crafted gifts. Situated on a 1.2-acre lot (APN 66.37015.0500) with ample parking, the property benefits from a prime location two blocks from Interstate 94, adjacent to a newly constructed Kwik Trip. Additional features include a digital readerboard and two external walk-ins. The asking price is $825,000 ($137.50/sq ft), and financial details are available upon request with a signed NDA. Zoned 3A-Commercial/Industrial/Public Utility. Daytime operation only.
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True North Marketplace-Cornerstone Cafe Restaurant
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Décor & More from Rue's Truly (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.