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262 Pine Cone Park Perham, MN $ 2,750,000
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$ 2,750,000 Get more info
262 Pine Cone Park
$ 2,750,000
Back to search
Share Save

262 Pine Cone Park

Perham, MN, 56573
$ 2,750,000
Baths0.0 Sq 1

Monthly Estimate*

$ 19,210

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Studio

Commercial Property for sale in Perham, MN

for $2,750,000. This 1 square foot building was built in 1975 on a lot size of 10.97.

Seller offering $20,000 credit towards buyer's closing costs. 9.6 Cap Rate! Welcome to Pine Cone Park in Perham, MN - A 56 lot Mobile Home Community with room to expand on available adjacent lot. 12 Trailers owned by seller. Seller has installed a new cluster of mailboxes for each lot address. Each trailer is hooked up to city sewer and water. There is a lift station for the sewer. The city of Perham has an abundance of manufacturing jobs. The city is growing at a rate of 2.19% annually and its population has increased by 6.75% since the most recent census, which recorded a population of 3,495 in 2020. A new high school was built in 2019 with a state of the art wellness center. Call today for more information on this great investment opportunity!

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Commercial Active

Price

$ 2,750,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 4,186

Style

Business

Lot Size

10.97

Year Built

1975

Town/City

Perham

County/Region

Otter Tail

MLS | Web ID

6474443
Features
General
Sewer City Sewer/Connected
Heating None
Utilities Electric Separate
Garage Spaces 0
Construction Materials Other
Year Built 1975
Tenant Pays Electricity Trash Collection
Topography Level
Property SubType Business Other
Tax Year 2023
Current Use Commercial Other Residential
Gross Income 322800
Accessibility None
County Otter Tail
Net Operating Income 263669
Insurance Expense 1891
Property Type Commercial Sale
Contingency None
Directions Highway 10 to CR-34 to Mobile Home park
City Perham
Buyer Agent Compensation 2.00
High School District Perham-Dent
Zoning Description Business/Commercial
Total Units 56
Street Name Pine Cone
Land Lease Y/N N
Tax Annual Amount 4186
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 34742
Additional Parcels Y/N N
Virtual Tour https://player.vimeo.com/video/885492028?badge=0&autopause=0&quality_selector=1&player_id=0&app_id=58479
Days on Market 115
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
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Exterior
Parking Features Asphalt
Water Source City Water/Connected
Inclusions Land Other
Lot Size Area 10.97
Building Area Total 1
Lot Dimensions Irregular
Lot Size Units Acres
Foundation Area 1
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Interior
Basement (Y/N) N
Street Suffix Park
Fuel Electric
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Internal Only
Street Number 1 262
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* Excluded Features
List By
The Real Estate Company Of Detroit Lakes

Broker

cnord@mnlakesrealtor.com

Email

Affordability Calculator

$19,558
Per Month
98%
2%
0%
Monthly Principal & Interest
$19,210
Monthly Property Taxes
$349
Monthly 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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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3048402 Elementary School
3048384 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/5/2024$2,750,000 Listed Price

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262 Pine Cone Park, Perham, MN, 56573 is a Commercial Property for sale at $2,750,000 with 1 sqft and a lot size of 10.97. 262 Pine Cone Park is a studio with 0.0 baths and was built in 1975. The property's zip code is 56573 which is in Perham, MN

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