201 1st Street E Park Rapids, MN $ 525,000
201 1st Street E
$ 525,000
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201 1st Street E

Park Rapids, MN, 56470
$ 525,000
Baths0.0 Sq 5,565

Monthly Estimate*

$ 3,489

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Studio

Commercial Property for sale in Park Rapids, MN

for $525,000. This 5,565 square foot building was built in 1950 on a lot size of 0.48.

Check out this dynamic commercial property in Park Rapids, MN. Nestled beside Fish Hook river and positioned at the trailhead of the Heartland State Trail, this property is strategically situated to offer picturesque views while being located in the heart of the Park Rapids business district, with the added perk of boat access. Positioned near the corner of HWY 34 and HWY 71, you can expect a steady stream of visibility with high traffic flow from the central location and established retail community to the foot traffic flowing from the trails and nearby parks, this location offers endless exposure for your business. With competitive pricing and a variety of tailored spaces available to lease this is the perfect space to elevate your business. Currently has 4 offices, 2 conference rooms, and area for 3 support personnel. Other income potential w /apartment above and additional room below. Suitable for many types of business.

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Commercial Active

Price

$ 525,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 5,182

Style

Office,Retail

Lot Size

0.48

Year Built

1950

Town/City

Park Rapids

County/Region

Hubbard

MLS | Web ID

6551741

Features
General
Sewer City Sewer/Connected
Heating Boiler Forced Air Hot Water
Cooling Central Air
Utilities Heating Common
Roof Architecural Shingle
Appliances Range Refrigerator
Garage Spaces 0
Construction Materials Other
Year Built 1950
View River
Property SubType Office Retail
Tax Year 2023
Current Use Office
Waterfront Features River Front
Accessibility None
County Hubbard
Property Type Commercial Sale
Contingency None
Subdivision Name Gh Rices Add
Possible Use Office Professional Service Retail
City Park Rapids
Buyer Agent Compensation 3.00
Body of Water Fish Hook
High School District Park Rapids
Zoning Description Business/Commercial
NumberOfUnitsTotal 1
Lot Size Units Acres
Waterfront Y/N Y
Land Lease Y/N N
Tax Annual Amount 5182
Additional Parcels Y/N N
Days on Market 2
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
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Interior
Basement Finished Full Other Shared Access Storage Space Walkout
Basement (Y/N) Y
Fuel Natural Gas Other
Garage Dimensions 0
Garage Door Width 0
Garage Square Feet 0
Lake Acres 1642
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Exterior
Parking Features Off Site Parking Lot
Lot Features Corner Lot Tree Coverage - Light
Water Source City Water/Connected
Inclusions Building Land
Lot Size Area 0.48
Building Area Total 5565
Lot Dimensions 135x110x150x155x30
Foundation Area 2800
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Internal Only
Street Number 1 201
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* Excluded Features
List By
Raboin Realty

Broker

stephanie@raboinrealty.com

Email

Affordability Calculator

$3,921
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,489
Monthly Property Taxes
$432
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% 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
709114 Elementary School
709313 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/13/2024$525,000 Listed Price

Map


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201 1st Street E, Park Rapids, MN, 56470 is a Commercial Property for sale at $525,000 with 5,565 sqft and a lot size of 0.48. 201 1st Street E 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