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    Property profile & analytics
    OFF-MARKET
    Commercial land

    711 Main St, Melrose, MN 56352-1604

    0.29 ac lot
    Entity Owned Free & Clear
    Property ID
    US46-1410383
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 0.29 ac (12,635 SF)
    APN 66.36627.0000
    UPID US46-1410383
    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
    • Empire Memorials Inc General Contractor
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Blend (final) Blend
    by Request
    Owner & transaction history
    EMPIRE MEMORIALS INC
    EMPIRE MEMORIALS INC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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