Property summary
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
VerifiedCap rate & NOI
Current use
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Take-out & Catering Butcher
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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