711 Main St, Melrose, MN 56352-1604
This exceptional 7,352 square foot industrial property, situated on a highly visible corner lot at 711 E Main Street in Melrose, Minnesota, presents a compelling investment opportunity. The building, constructed in 1951 with significant additions in 1985 and 1987, boasts a completely renovated exterior, including a new steel exterior and roof completed in 2010. Nestled on a generous 2.07-acre lot comprised of four separate parcels, this property offers significant potential for future expansion. The functional layout includes a well-appointed reception area, a showroom ideal for product display, a dedicated office space of approximately 1,415 square feet, and an expansive shop/warehouse area totaling roughly 5,937 square feet. The existing infrastructure includes several cranes of varying sizes, which may be available for purchase separately. The property benefits from robust three-phase power, making it suitable for a variety of industrial applications. Its prime location near downtown Melrose ensures high visibility and easy access. This is an ideal owner-occupier opportunity to acquire a substantial, well-maintained industrial building at an attractive price of $375,000. The combination of size, location, and recent renovations makes this a rare find in the Melrose market.
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Empire Memorials Inc General Contractor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.