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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    315 Main St, Melrose, MN 56352-1163

    176 SF 0.06 ac lot Built 1930
    Individually Owned 2-yr Hold Free & Clear
    Property ID
    US46-1288462
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Brüders Butcher Melrose Take-out & Catering Butcher
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Midwest Minnesota Community Develop · 2 yrs held
    Midwest Minnesota Community Develop
    since 2023
    4 recorded transactions
    2023
    2019
    $72,500
    2012
    $90,000
    2008
    $165,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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