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    OFF-MARKET
    Commercial land

    325 1st NE St, Melrose, MN 56352-1155

    2,608 SF 1.31 ac lot Built 1955
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US46-1748729
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 325 1st Street NE in Melrose, Minnesota, offers five brand-new, luxurious office suites perfect for expanding your business. Situated in a thriving downtown location, these suites boast convenient access and high visibility. Each suite ranges in size from 650 to 1050 square feet and can be customized to meet your specific business needs. The building's prime location offers stunning river views and is adjacent to city hall, ensuring high foot traffic and easy access for clients and employees. The property sits on a 1.31-acre lot and the building itself encompasses a total of 4,442 square feet. A significant advantage is the presence of 29 residential units within the same building, providing a built-in customer base for your business. Ample parking is available, further enhancing the convenience and appeal of this exceptional opportunity. The asking price for this exceptional property is $18 million. Don't miss this chance to establish your business in a vibrant and growing community. Contact us today to schedule a viewing and explore the possibilities.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Year built 1955
    Total area 2,608 SF
    Lot 1.31 ac (56,900 SF)
    APN 66.37011.0200
    UPID US46-1748729
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Riverside Flats Of Melrose LLC · 2 yrs held
    Riverside Flats Of Melrose LLC
    since 2023
    2 recorded transactions
    2023
    2023
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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