Property profile

325 1st NE St Melrose, MN 56352

OFF-MARKET
Commercial land
Property ID
US46-1748729
2,608 SF 1.31 ac lot Built 1955
Entity Owned 2-yr Hold Free & Clear
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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

Location

325 1st NE St Melrose, MN 56352-1155
Melrose metro Census 10600 ST. CLOUD, MN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2023
2 recorded transactions
2023
Price N/A
2023
Price N/A

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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