Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    517 Main St Melrose, MN 56352-1451

    • Commercial real estate
    • 210 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jan 04, 2024
    $23,000
    Location Intelligence
    Property ID
    US46-3008503
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 517 Main St

    Year built
    1930
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.11 lot acres
    Property size
    210 SF
    Property type
    Commercial real estate
    APN
    66.37084.0000
    APU
    66370840000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Melrose
    County
    Stearns
    State
    Minnesota
    Longitude
    -94.8067
    Latitude
    45.675
    CBSA code
    41060
    CBSA name
    ST. CLOUD, MN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $504
    $13,800
    $17,800
    $31,600
    -
    $13,800
    $17,800
    $31,600

    Comparable in this City

    • Value Estimation by Request
      0.25 Acres

      123 5th SE Ave

      COMMERCIAL (GENERAL) • 0.25 Acres
      123 5th SE Ave, Melrose, MN 56352-1425
      View Details
    • Value Estimation by Request
      28,278 SF

      Melrose, MN 56352

      COMMERCIAL (GENERAL) • 28,278 SF
      Melrose, MN 56352
      View Details
    • Value Estimation by Request
      2,400 SF

      322 5th SW St

      COMMERCIAL (GENERAL) • 2,400 SF
      322 5th SW St, Melrose, MN 56352
      View Details
    • Value Estimation by Request
      1,604 SF

      129 Lk Henry S Ave

      COMMERCIAL (GENERAL) • 1,604 SF
      129 Lk Henry S Ave, Melrose, MN 56352-8556
      View Details
    • Value Estimation by Request
      76,770 SF

      1129 Main St

      COMMERCIAL (GENERAL) • 76,770 SF
      1129 Main St, Melrose, MN 56352-1470
      View Details
    • Value Estimation by Request
      1,144 SF

      305 Main St

      COMMERCIAL (GENERAL) • 1,144 SF
      305 Main St, Melrose, MN 56352-1163
      View Details

    Similar Nearby for Sale

    • $78,000
      2,317 SF

      Main Street Melrose Business Space

      Prime location, fully equipped, great potential!
      315 Main St, Melrose, MN 56352
      View Details
    • $375,000
      2.07 Acres

      Melrose Industrial Building

      7,352 SF Warehouse, Great Location
      711 Main St, Melrose, MN 56352
      View Details
    • $49,800
      0.34 Acres

      Residential Lots in Melrose, MN

      Spacious residential lots available in Melrose, close to amenities.
      304 Highlands Blvd NE, Melrose, MN 56352
      View Details
    • $49,800
      0.32 Acres

      Residential Lots in Melrose, MN

      Spacious residential lots available in Melrose, close to amenities.
      206 Highlands Blvd NE, Melrose, MN 56352
      View Details
    • $700,000
      4,388 SF

      Retail Property with Drive-Thru Potential

      Retail property with drive-thru, excellent access, and income potential.
      406 S 2Nd Ave E, Melrose, MN 56352
      View Details
    • Contact for pricing
      4,442 SF

      Prime Melrose Office Suites

      Five new suites, downtown location, river views.
      325 1St St, Melrose, MN 56352
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      26,700 SF

      Melrose Flex Industrial Facility

      26,700 SF flex facility for lease in Melrose, Minnesota.
      900 Kraft Dr SE, Melrose, MN 56352
      View Details
    • $5 SF/Yr

      26,700 SF Flex Industrial Facility

      Flex commercial/industrial facility with high visibility and heavy power.
      Flex, Melrose, MN 56352
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    517 Main St
    Melrose, MN 56352-1451
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.