Melville — CN Rail Hub, East Saskatchewan · Hwy 10/15

Melville Commercial Real Estate

Industrial, retail and office for lease and sale across Melville's commercial districts. East Saskatchewan's CN Rail junction town at the Hwy 10/15 crossroads.

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8–10%Industrial Cap Rate

7–9%Retail Cap Rate

6–7.5%Multifamily Cap Rate

CN RailEast SK Junction

Property Types

Explore by Asset Class

Industrial

$7–10/sf net

CN Rail Logistics · Agri-Supply · Flex

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Retail

$9–14/sf net

Strip Mall · Hwy 10 Pad · Main St

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Ground Lease

Long-term available

Industrial · Commercial · Rail-Adjacent

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Submarkets

Melville Commercial Districts

Downtown Melville

Main St Retail · Government · CN Rail Heritage

Main St retail, government services and CN Rail town heritage commercial buildings. Melville's civic core reflecting its railroad origins and east Saskatchewan service role.

7–9%Cap Rate

Retail/OfficePrimary Use

Melville Industrial

CN Rail Repair · Logistics · Agri-Supply · Manufacturing

CN Rail repair and logistics operations, agri-supply, light manufacturing and cold storage. Melville's industrial strength flows directly from its CN Rail junction status.

8–10%Cap Rate

IndustrialPrimary Use

Hwy 10 Commercial

Strip Retail · Auto Dealers · QSR · Prairie Hwy

Highway 10 and 15 commercial corridor featuring strip retail, auto dealers, quick-service restaurants and prairie highway commercial serving east Saskatchewan traffic.

7–9%Cap Rate

Retail/AutoPrimary Use

Communities & Districts

Browse Melville Submarkets

Downtown Melville Melville Industrial Hwy 10 Commercial

Downtown Melville Hwy 10 Commercial

Melville Industrial 3Rd Avenue Melville 4Th Street Melville Cp Rail Corridor East Melville Esterhazy Highway Highway 10 Melville Highway 15 Corridor Melville East Commercial Melville Hospital Area Melville Main Street Melville West Commercial Moosomin Junction North Gateway Melville North Melville Parkland Commercial Melville South Gateway Melville South Melville West Melville

8–10%

Industrial Cap Rate

7–9%

Retail Cap Rate

6–7.5%

Multifamily Cap Rate

CN Rail

East SK Junction

Melville Commercial Real Estate — Market Overview 2025

Melville is east Saskatchewan's key CN Rail junction city, built around the railroad and still anchored by it. Positioned at the crossroads of Highway 10 and Highway 15 approximately 150 km east of Regina, Melville serves a trade area drawing from the productive east Saskatchewan grain belt. CN Rail's presence as both employer and logistics infrastructure creates durable industrial demand that distinguishes Melville from comparable-sized Saskatchewan towns.

Industrial cap rates of 8–10% reflect strong CN Rail logistics and agri-supply demand. Retail cap rates of 7–9% are underpinned by the city's role as a regional service destination for east Saskatchewan's agricultural communities.

Submarket	Asset Class	Net Rent	Cap Rate	Key Driver
Downtown Melville	Retail / Office	$8–13/sf	7–9%	Heritage Main St, Government
Hwy 10 Commercial	Retail / Auto	$10–15/sf	7–9%	Hwy 10/15 Gateway, Auto Dealers
Melville Industrial	Industrial	$7–10/sf	8–10%	CN Rail, Logistics, Agri-Supply
City-Wide	Multifamily	—	6–7.5%	Rail/Ag Employment

Nearby Saskatchewan Markets

Yorkton

East SK. Regional commercial centre. 8.5–10.5% cap rates.

Moosomin

Southeast SK. Trans-Canada gateway. Agricultural commercial hub.

Esterhazy

Southeast SK. Potash mining economy. Stable commercial market.

FAQ

Frequently Asked Questions — Melville

What are cap rates in Melville commercial real estate?

Melville 2025 cap rates: industrial 8–10%, retail 7–9%, multifamily 6–7.5%. CN Rail presence and east Saskatchewan agricultural fundamentals underpin stable income.

What drives Melville's economy?

Melville was built by CN Rail and remains one of Saskatchewan's most important rail junctions. CN Rail repair shops, agricultural supply, and its position at the Hwy 10/15 crossroads of east Saskatchewan anchor the commercial real estate market.

What are Melville's main commercial districts?

Downtown Melville features Main St retail, government services and CN Rail heritage commercial. Melville Industrial serves CN Rail repair, logistics, agri-supply and light manufacturing. Hwy 10 Commercial offers strip retail, auto dealers and QSR.

How important is CN Rail to Melville commercial real estate?

CN Rail's presence as a major employer and logistics anchor makes Melville's industrial market more resilient than comparable-sized Saskatchewan towns. Proximity to CN Rail operations drives demand for industrial space, maintenance facilities and worker housing.

Is Melville industrial real estate a good investment?

Melville industrial properties offer 8–10% cap rates with CN Rail logistical activity and east Saskatchewan agri-supply demand as anchors. Buildings with rail siding access or proximity to CN Rail operations command premium interest.

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Industrial, retail, office or investment property — our team covers every Melville submarket.

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