Property profile

315 Main St Melrose, MN 56352

OFF-MARKET
Commercial real estate
Property ID
US46-1288462
176 SF 0.06 ac lot Built 1930
Individually Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 315 E Main Street in Melrose, Minnesota, presents a fantastic opportunity for a discerning entrepreneur. Boasting 2,317 square feet on the main level, this well-maintained building, constructed in the 1930s, is ideally suited for a variety of retail ventures. The property includes a wealth of commercial-grade equipment, perfect for a food-related business, already in place. This includes three walk-in freezers, one walk-in cooler, two refrigerated display cases, a display refrigerator, a meat slicer, a vacuum sealer, and numerous prep tables and additional equipment. The lower level offers convenient storage space, an office area, and a half bath. The building benefits from ample on-street parking, enhanced by sidewalks and streetlights, ensuring easy access for customers. Situated in the heart of downtown Melrose, this property enjoys a prime location amongst thriving businesses and retail shops, offering excellent visibility and foot traffic. The 0.06-acre lot provides a manageable footprint for operations. This affordable opportunity is further enhanced by the availability of the City of Melrose's Commercial Loan Program, making this dream of business ownership a realistic possibility. Don't miss this chance to establish your business in a vibrant and supportive community.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1930
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 176 SF
Lot 0.06 ac (2,420 SF)
APN 66.36613.0000
UPID US46-1288462

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering Butcher

Location

315 Main St Melrose, MN 56352-1163
Melrose metro Census 10600 ST. CLOUD, MN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$40k

Owner & transaction history

since 2023
4 recorded transactions
2023
Price N/A
2019
$72,500
2012
$90,000
2008
$165,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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