54 1st Street NW Pelican Rapids, MN $ 599,000
54 1st Street NW
$ 599,000
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54 1st Street NW

Pelican Rapids, MN, 56572
$ 599,000
Baths0.0 Sq 5,844

Monthly Estimate*

$ 4,184

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Studio

Commercial Property for sale in Pelican Rapids, MN

for $599,000. This 5,844 square foot building was built in 1912 on a lot size of 0.29.

UPTOWN IN A SMALLTOWN - LUXURY LIVING ON THE RIVER! For the first time in Pelican Rapids history, a Modern-Industrial-Home-Design has been brought to lux life! This is a must see in person to appreciate. History preserved with tasteful wow factors around every corner. This recently renovated and immensely loved commercial property has been granted a Special Use Permit for residential living on the second level. Looking to diversify? Not only could this be your next dream home, but the mixed-use classification gives this property several income producing “could be” options for the next business entrepreneur; office space, riverside food and drink service, retail, large group entertaining, storage rental, or high-end VRBO with views, sounds, and private access to the Pelican River.

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Commercial Active

Price

$ 599,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 3,940

Style

Business,Industrial

Lot Size

0.29

Year Built

1912

Town/City

Pelican Rapids

County/Region

Otter Tail

MLS | Web ID

6503425

Features
General
Sewer City Sewer/Connected
Heating Boiler Forced Air Fireplace(s) Radiant Floor
Cooling Central Air
Utilities Electric Common
Appliances Air-To-Air Exchanger Dishwasher Dryer Exhaust Fan Gas Water Heater Microwave Range Refrigerator Stainless Steel Appliances Wall Oven Washer Water Softener Owned
Garage Spaces 0
Construction Materials Brick/Stone
Year Built 1912
View River
Levels Two
Property SubType Business Industrial
Tax Year 2024
Current Use Commercial Event Space Office Other Residential
Waterfront Features River Front River View
Accessibility Doors 36 + Hallways 42 + Partially Wheelchair
Additional Parcels Description 76000990376000
County Otter Tail
Property Type Commercial Sale
Contingency None
Subdivision Name Frazees 1st Add
Possible Use Office Other Professional Service Rest/Lounge Restaurant Retail Shop Warehouse Diversified Investment Bar/Tavern
Directions In Pelican at 54 1st St NW
City Pelican Rapids
Buyer Agent Compensation 2.50
Body of Water Pelican River
High School District Pelican Rapids
Zoning Description Business/Commercial Other
Total Units 1
Waterfront Y/N Y
Street Name 1st
Land Lease Y/N N
Tax Annual Amount 3940
Additional Parcels Y/N Y
Virtual Tour https://player.vimeo.com/video/932574309?badge=0&autopause=0&player_id=0&app_id=58479
Days on Market 35
Standard Status Active
Lender Owned No
Amenities Unit Ceiling Fan(s) City View French Doors Kitchen Center Island Kitchen Window Primary Bedroom Walk-In Closet Main Floor Primary Bedroom Natural Woodwork Patio Paneled Doors Tile Floors Washer/Dryer Hook
Buyer Agent Compensation Type %
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Interior
Basement Other Partially Finished Storage Space
Basement (Y/N) Y
Street Suffix Street
Ceiling Height 11-15
Foundation Dimensions 104x26x16x20x83
Fuel Natural Gas
Lake Acres 0
Waterfront Feet 60
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Exterior
Parking Features Gravel Driveway - Other Surface
Lot Features Corner Lot Irregular Lot Tree Coverage - Medium
Water Source City Water/Connected
Inclusions Building Fixture/Equipment Land
Lot Size Area 0.29
Building Area Total 5844
Lot Dimensions Irregular
Lot Size Units Acres
Foundation Area 8512
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 54
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* Excluded Features
List By
Re/Max Advantage Plus

Broker

MikeCarlsonJ330@gmail.com

Email

Affordability Calculator

$4,513
Per Month
93%
7%
0%
Monthly Principal & Interest
$4,184
Monthly Property Taxes
$328
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
3048281 Elementary School
3048280 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/2/2024$599,000 Listed Price

Map


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54 1st Street NW, Pelican Rapids, MN, 56572 is a Commercial Property for sale at $599,000 with 5,844 sqft and a lot size of 0.29. 54 1st Street NW is a studio with 0.0 baths and was built in 1912. The property's zip code is 56572 which is in Pelican Rapids, MN