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114 1st Ave S Perham, MN $ 375,000
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$ 375,000 Get more info
114 1st Ave S
$ 375,000
Back to search
Share Save

114 1st Ave S

Perham, MN, 56573
$ 375,000
Bedrooms-- Baths1.0 Sq 5,110

Monthly Estimate*

$ 2,590

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Commercial Property for sale in Perham, MN

for $375,000 with 1 full bath. This 5,110 square foot building was built in 1896 on a lot size of 0.059.

COMMERCIAL SPACE – DOWNTOWN PERHAM! Move-In Ready, Full of Character, and perfectly located in the Heart of Downtown Perham—just steps from Main Street. Spanning 2,555 SqFt, this Open-Concept Space is as Move-In-Ready as they come. Highlights include Hardwood Floors, Exposed Brick Walls, Large Display Windows, and 10-Foot Ceilings with beautifully Restored Pressed Tin Tiles. The layout features a Spacious Retail Area, Large Back Room, Private Office, and a Full Basement ideal for storage. Rear Alleyway Access provides added convenience for deliveries or staff entry. Whether you’re launching a new venture, relocating an existing business, or looking for a Turnkey Investment, this property offers Endless Possibilities in one of Minnesota’s most vibrant small-town settings.

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Commercial Pending

Price

$ 375,000

Full Bath

1

Property Type

Commercial

Taxes

$ 3,170

Style

Lot Size

0.059

Year Built

1896

Town/City

Perham

County/Region

Otter Tail

MLS | Web ID

6786413
Features
General
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Utilities Electric Common Heating Common Hot Water Common
Roof Rubber
Appliances Gas Water Heater
Garage Spaces 0
Construction Materials Brick
Year Built 1896
Tenant Pays All Utilities Cable TV Electricity Gas Grounds Care Maintenance Telephone Sewer Trash Collection Water
Levels One
Tax Year 2025
Current Use Commercial Retail
Gross Income 18600
Accessibility Other
County Otter Tail
Net Operating Income 15328
Operating Expense 3272
New Construction N
Property Type Commercial Sale
Contingency None
Possible Use Professional Service Retail Diversified
Directions Head South on Main Street in Perham until 1st Ave then turn right. The property will be the second building on the right side.
City Perham
High School District Perham-Dent
Zoning Description Business/Commercial
Number Of Units Total 1
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 3170
Additional Parcels Y/N N
Standard Status Pending
Lender Owned Not Disclosed
Amenities Unit Ceiling Fan(s) Hardwood Floors
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Interior
Basement Full Storage Space Unfinished
Basement (Y/N) Y
Total Bedrooms 0
Total Baths 1
Ceiling Height 11-15
Foundation Dimensions 35 x 73
Fuel Electric Natural Gas
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Exterior
Parking Features On-Street Parking Only
Water Source City Water/Connected
Inclusions Building Fixture/Equipment Land
Lot Size Area 0.059
Building Area Total 5110
Lot Dimensions 35 x 75
Waterfront Y/N N
Foundation Area 2555
Road Frontage Type City Street Sidewalks Street Lights
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 114
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* Excluded Features
List By
Jack Chivers Realty

Broker

jason@jackchiversrealty.com

Email

Affordability Calculator

$2,854
Per Month
91%
9%
0%
Monthly Principal & Interest
$2,590
Monthly Property Taxes
$264
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
3048402 Elementary School
3048384 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/29/2025$375,000 Listed Price

Map

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114 1st Ave S, Perham, MN, 56573 is a Commercial Property for sale at $375,000 with 5,110 sqft and a lot size of 0.059. 114 1st Ave S has 1.0 baths and was built in 1896. The property's zip code is 56573 which is in Perham, MN

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