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514 Summit Avenue Detroit Lakes, MN $ 650,000
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$ 650,000 Get more info
514 Summit Avenue
$ 650,000
Back to search
Share Save

514 Summit Avenue

Detroit Lakes, MN, 56501
$ 650,000
Bedrooms-- Baths-- Sq 5,192

Monthly Estimate*

$ 4,489

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Commercial Property for sale in Detroit Lakes, MN

for $650,000. This 5,192 square foot building was built in 1990 on a lot size of 0.21.

On the edge of Hwy 10 in Detroit Lakes, you will find this commercial building ready for a new owner. Main floor has 3 units with studio options, and lower level is a full open area for retail or anything you can dream up. High traffic count with great exposure, it is perfect for retail, office space or many other options. The building is mostly full with great rental income. On street parking or parking in the rear of the building. Entire building is in excellent condition. Owner operates a salon and has agreed to stay on as a tenant if new owner wishes. Call for your appointment today!

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Commercial Active

Price

$ 650,000

Property Type

Commercial

Taxes

$ 7,238

Style

Lot Size

0.21

Year Built

1990

Town/City

Detroit Lakes

County/Region

Becker

MLS | Web ID

6815969
Features
General
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Utilities Electric Common
Roof Asphalt
Garage Spaces 0
Construction Materials Frame
Year Built 1990
Levels Two
Tax Year 2025
Current Use Beauty/Barber Shop Commercial Professional Service Retail
Accessibility Partially Wheelchair
County Becker
New Construction N
Property Type Commercial Sale
Contingency None
Subdivision Name Detroit Lakes
Possible Use Office Professional Service Retail Diversified Income
Directions In Detroit Lakes travel to 514 Summit Avenue.
City Detroit Lakes
High School District Detroit Lakes
Zoning Description Business/Commercial
Number Of Units Total 4
Lot Size Units Acres
Carport Spaces 0
Land Lease Y/N N
Tax Annual Amount 7238
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Interior
Basement Concrete
Basement (Y/N) Y
Fuel Natural Gas
Garage Square Feet 0
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Exterior
Parking Features Asphalt On-Street Parking Only Parking Lot
Lot Features Irregular Lot
Water Source City Water/Connected
Inclusions Building Land
Lot Size Area 0.21
Building Area Total 5192
Lot Dimensions .21 Acres
Waterfront Y/N N
Foundation Area 2530
Road Frontage Type Street Lights State Road
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 514
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* Excluded Features
List By
Coldwell Banker At The Lakes

Broker

slarson@arvig.net

Email

Affordability Calculator

$5,093
Per Month
88%
12%
0%
Monthly Principal & Interest
$4,489
Monthly Property Taxes
$603
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
3048734 Elementary School
3048414 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/16/2026$650,000 -7.01% Price Down
1/26/2026$699,000 -2.90% Price Down
12/29/2025$719,900 -4.00% Price Down
12/3/2025$749,900 -6.25% Price Down
11/11/2025$799,900 Listed Price

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514 Summit Avenue, Detroit Lakes, MN, 56501 is a Commercial Property for sale at $650,000 with 5,192 sqft and a lot size of 0.21. 514 Summit Avenue was built in 1990. The property's zip code is 56501 which is in Detroit Lakes, MN

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