406 S 2nd Ave E - Freestanding FOR SALE


Melrose, MN 56352
$700,000 USD
612-413-4200
406 S 2nd Ave E, Melrose, MN for Sale
$700,000 USD
Freestanding - FOR SALE
1/5
null | Request Cap Rate

406 S 2nd Ave E
Melrose, MN 56352


OVERVIEW

Dual Build-Out with Drive-Thru: Flexible configuration supports a variety of future uses. Excellent Access & Circulation: Five points of ingress/egress allow for smooth traffic flow and customer convenience. Strategic Location: Positioned to capture traffic from Melrose’s residential neighborhoods heading south toward I-94. Supplemental Rental Income: Existing Subway tenancy provides ongoing income. Strong Market Fundamentals: Retail submarket vacancy at just 3.9% with no current construction, supporting long-term stability. Healthy Retail Market: Low 3.9% vacancy rate with no new retail development underway, creating a stable and competitive environment.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$160 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Former C-Store / Subway | Melrose, MN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Fast Food, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

Commercial

APN/PARCEL ID

66.37012.0001

ASK ABOUT THIS PROPERTY

Brian BriskyBrisky Net LeaseMore Info
612-413-4200

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Brian BriskyBrisky Net LeaseMore Info
612-413-4200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.