208 Main Avenue S Park Rapids, MN ^$ 599,900

208 Main Avenue S

^$ 599,900

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208 Main Avenue S

Park Rapids, MN, 56470

^$ 599,900

Studio Baths0.0 Sq 14,250

Monthly Estimate*

^$ 4,190

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Studio

Commercial Property for sale in Park Rapids, MN

for $599,900. This 14,250 square foot building was built in 1950 on a lot size of 0.16.

The Ben Franklin building has been a mainstay in the Park Rapids Area for over 70+ years. The Ben Franklin building features over 14,000 sq. ft., two retail sales floors, and 6 rental units above the main floor. Currently, the building is being operated as a Ben Franklin Retail store. Buyers do have the option to purchase the business and inventory separately if they would like. Call for an appointment today!

Commercial Active

Price

^$ 599,900

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 8,702

Style

Mixed Use,Retail

Lot Size

0.16

Year Built

1950

Town/City

Park Rapids

County/Region

Hubbard

MLS | Web ID

6489405

Features

General

Sewer City Sewer/Connected

Heating Boiler

Cooling Central Air

Utilities Electric Common Electric Separate Heating Common Hot Water Common Hot Water Separate

Garage Spaces 0

Construction Materials Block Brick/Stone

Year Built 1950

Property SubType Mixed Use Retail

Tax Year 2023

Current Use Residential Retail

Accessibility Accessible Elevator Installed

County Hubbard

Property Type Commercial Sale

Contingency None

Subdivision Name Park Rapids

Possible Use Retail

Directions From 34/71 in Park Rapids West on 34 to a left on Main St. S to property on left.

City Park Rapids

Buyer Agent Compensation 2.25

High School District Park Rapids

Zoning Description Business/Commercial

Total Units 6

Street Name Main

Land Lease Y/N N

Tax Annual Amount 8702

Additional Parcels Y/N N

Days on Market 72

Standard Status Active

Lender Owned No

Buyer Agent Compensation Type %

Exterior

Parking Features On-Street Parking Only

Water Source City Water/Connected

Inclusions Building Land Rental License

Lot Size Area 0.16

Building Area Total 14250

Lot Dimensions 50x140

Lot Size Units Acres

Foundation Area 7000

Interior

Basement (Y/N) N

Street Suffix Avenue

Fuel Natural Gas

Internal Only

Street Number 1 208

* Excluded Features

List By

Wolff & Simon Real Estate

Broker

halik@wolffsimon.com

Affordability Calculator

$4,916

Per Month

Monthly Principal & Interest: $4,190
Monthly Property Taxes: $725
Monthly Home Insurance: --

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Down Payment

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 Park Rapids, MN

Average List Price ^$427,846

Percent of Sale Price 29%

About Park Rapids, MN

3,934 Population

12% Since 2002

^$35,932 Median Income

40.71 Median Age

23% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

709114 Elementary School

709313 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/26/2024	$599,900	-33.34%	Price Down
2/14/2024	$899,900		Listed Price

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208 Main Avenue S, Park Rapids, MN, 56470 is a Commercial Property for sale at $599,900 with 14,250 sqft and a lot size of 0.16. 208 Main Avenue S is a studio with 0.0 baths and was built in 1950. The property's zip code is 56470 which is in Park 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 4/28/2024.

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208 Main Avenue S

Commercial Property for sale in Park Rapids, MN

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