1008 S Broadway Pelican Rapids, MN ^$ 515,000

1008 S Broadway

^$ 515,000

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1008 S Broadway

Pelican Rapids, MN, 56572

^$ 515,000

Studio Baths0.0 Sq 8,000

Monthly Estimate*

^$ 3,597

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Studio

Commercial Property for sale in Pelican Rapids, MN

for $515,000. This 8,000 square foot building was built in 2005 on a lot size of 0.72.

Well kept retail store on Broadway Street/State Hwy 59. Main Road thru town. 8,000 SF. Red Iron structural steel framing, new roof in 2014, 20 year warranty.

Commercial Active

Price

^$ 515,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 11,678

Style

Retail

Lot Size

0.72

Year Built

2005

Town/City

Pelican Rapids

County/Region

Otter Tail

MLS | Web ID

6265311

Features

General

Sewer City Sewer/Connected

Heating Forced Air

Cooling Central Air

Utilities Electric Common Electric Separate Heating Separate Hot Water Separate

Roof Rubber

Garage Spaces 0

Construction Materials Brick/Stone Metal Siding

Year Built 2005

Tenant Pays Cable TV Electricity Fuel Insurance Janitorial Service Grounds Care Repairs Other Snow Removal Taxes Trash Collection Water

Property SubType Retail

Tax Year 2022

Current Use Retail Wholesale

Accessibility Doors 36 + Fully Wheelchair No Stairs External No Stairs Internal

County Otter Tail

Property Type Commercial Sale

Contingency None

Subdivision Name Ackermans 1st Add

Directions 94 to US-59N/Viking Trail (take exit 50 from I-94 W) down 59 for 15.6 miles then destination will be on your left

City Pelican Rapids

Buyer Agent Compensation 2.70

Land Lease Amount 0

High School District Pelican Rapids

Zoning Description Business/Commercial

Total Units 1

Street Name Broadway

Land Lease Y/N N

Tax Annual Amount 11678

Additional Parcels Y/N N

Days on Market 509

Standard Status Active

Lender Owned No

Buyer Agent Compensation Type %

Exterior

Parking Features Asphalt Paved Open

Lot Features Corner Lot

Water Source City Water/Connected

Inclusions Building Land Leases

Lot Size Area 0.72

Building Area Total 8000

Lot Dimensions 210x150

Lot Size Units Square Feet

Foundation Area 8000

Road Frontage Type City Street Paved Streets Street Lights Storm Sewer Highway

Road Responsibility Public Maintained Road

Interior

Basement (Y/N) N

Ceiling Height 11-15

Foundation Dimensions 80x100

Fuel Electric Natural Gas

Internal Only

Street Number 1 1008

* Excluded Features

List By

Re/Max Results

Broker

bill.molitor@results.net

Affordability Calculator

$4,571

Per Month

Monthly Principal & Interest: $3,597
Monthly Property Taxes: $973
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% 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.

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Nearby

Trends
Schools

Commerical listings in Pelican Rapids, MN

Average List Price ^$403,833

Percent of Sale Price 22%

About Pelican Rapids, MN

2,403 Population

-5% Since 2002

^$42,711 Median Income

36.12 Median Age

34% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3048281 Elementary School

3048280 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/19/2023	$515,000	-18.90%	Price Down
8/8/2023	$635,000	-9.29%	Price Down
6/27/2023	$700,000		Listed Price

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1008 S Broadway, Pelican Rapids, MN, 56572 is a Commercial Property for sale at $515,000 with 8,000 sqft and a lot size of 0.72. 1008 S Broadway is a studio with 0.0 baths and was built in 2005. The property's zip code is 56572 which is in Pelican Rapids, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% 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.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is 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.

Data is updated as of 5/6/2024.

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1008 S Broadway

Commercial Property for sale in Pelican Rapids, MN

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