Log In/Sign Up
Your email has been sent.
Former C-Store / Subway | Melrose, MN 406 S 2nd Ave E 4,388 SF 100% Leased Retail Building Melrose, MN 56352 $977,144 CAD ($222.69 CAD/SF)
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Building Size
4,388 SF
Building Class
C
Year Built
1987
Price
$977,144 CAD
Price Per SF
$222.69 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
0.84 AC
Zoning
Commercial
Parking
25 Spaces (5.7 Spaces per 1,000 SF Leased)
Frontage
253’ on 2nd Avenue Southeast
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 66.37012.0001 | Improvements Assessment | $549,992 CAD |
| Land Assessment | $136,242 CAD | Total Assessment | $686,234 CAD |
PROPERTY TAXES
Parcel Number
66.37012.0001
Land Assessment
$136,242 CAD
Improvements Assessment
$549,992 CAD
Total Assessment
$686,234 CAD
1 of 6
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Former C-Store / Subway | Melrose, MN | 406 S 2nd Ave E
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.