223 Kraft Drive SE

Melrose, MN
$ 549,000 Beds 0 Baths 0 Sq 6,400
Monthly Estimate* How much can I afford?

True North Marketplace established 2020 formerly established in 2011. Current ownership remodeled from the buffet restaurant to the Caf, Coffee & Marketplace and has been operation since August of 2020 with overwhelmingly good reviews. The many upgrades that were necessary totaled over $70,000, including, 1. New Flooring and furnishings, light fixtures, coffee bar with espresso, smoothies and local tea, ice cream, dipping station. 2. All signage on billboard 1-94, Building signage and High rise sign 3. Website, social media 4. Marketplace items featuring, gifts, locally sourced jelly, honey, candy, clothing, with made in MN emphasis. The restaurant has been a popular destination for travelers on the 1-94 interstate and many lake area tourists, trail riders and large groups. Banquet room seats 50. 185 seating capacity with ample parking and a recent seal coated lot. City water and sewer, a generously sized blacktop parking lot Spacious Kitchen POS systems, security system

Commercial

  • Price
  • $ 549,000
  • Lot Size
  • 1.21 Acres
  • Bedrooms
  • 0
  • Sqr Footage
  • 6,400
  • Full Bathrooms
  • 0
  • Year Built
  • 2012
  • Half Bathrooms
  • 0
  • City, Zip
  • Melrose
  • Taxes
  • $ 20740
  • County
  • STEARNS
  • Style
  • Business
  • Area
  • Overland Dollar Add
  • MLS#
  • 5741555
  • Zip
  • 56352
Listing Provided by: McDonald Realty, Inc.
Data Source: NorthstarMLS

Features

General

Accessibility No Stairs Internal, No Stairs External
Construction Materials Brick/Stone, Stucco
Contingency None
Cooling Central Air
Current Use Restaurant
Heating Forced Air
High School District Melrose
Lender Owned No
Parking Features Paved
Property SubType Business
Property Type Commercial Sale
Sewer City Sewer - In Street
Standard Status Active
Tax Annual Amount 20740
Total Units 1
Zoning Description Business/Commercial

Exterior Features

Foundationarea 6400
Lot Dimensions 187X294X211X240
Lot Size Area 1.21
Lot Size Units Acres
Water Source City Water/Connected
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Waite Park, MN office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

4/16/2021 Listed $549,000

Property vs Zip Code Average in 56352

Price
AVG $200K
$550K
Taxes
AVG $5,134
$20,740
Visits
AVG 78
17
Year Built
AVG 1933
2012
Walkscore
AVG 46
7
Data Provided by Walkscore ® not using MLS data

Map

223 Kraft Drive SE Melrose, MN is a Single Family Home for sale at $549000 with 6400 sqft and a lot size of 1.21 Acres Acre(s). 223 Kraft Drive SE Melrose has 0 bedrooms, 0 baths and was built in 2012. The property's zip code is 56352 which is in Melrose, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.