Current Use by Public Records
- True North Marketplace-Cornerstone Cafe / Restaurant
- Décor & More from Rue's Truly / (Bike/Boat/Book/etc) Store
Property Details for 223 Kraft Dr
- Year built
- 2012
- Lot size
- 1.20 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Melrose
- County
- Stearns
- State
- Minnesota
- Longitude
- -94.8098
- Latitude
- 45.6704
