123 S Broadway Pelican Rapids, MN ^$ 375,000

123 S Broadway

^$ 375,000

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123 S Broadway

Pelican Rapids, MN, 56572

^$ 375,000

Bedrooms8 Baths5.0 Sq 6,468

Monthly Estimate*

^$ 2,590

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Commercial Property for sale in Pelican Rapids, MN

for $375,000 with 8 bedrooms and 5 full baths. This 6,468 square foot building was built in 1900 on a lot size of 0.078.

No Vacancies! In the heart of Pelican Rapids sits this 5-unit Apartment Building, a great Investment opportunity in a town with plenty of jobs available. 3-two bed/one bath units and 2-one bed/one bath units. This is a well maintained property and new updates to Unit #1 are completed. Each unit has its own laundry and garage. Pelican Rapids is a thriving town located in the middle of Lakes Country in Otter Tail County.

Commercial Active

Price

^$ 375,000

Bedrooms

Full Bath

Property Type

Commercial

Taxes

^$ 3,592

Style

Lot Size

0.078

Year Built

1900

Town/City

Pelican Rapids

County/Region

Otter Tail

MLS | Web ID

7042345

Features

General

Sewer City Sewer/Connected

Heating Forced Air

Cooling Window Unit(s)

Utilities Electric Separate Heating Separate Hot Water Separate

Roof Composition Metal

Appliances Dryer Range Refrigerator Washer

Garage Spaces 5

Pool Features None

Construction Materials Brick Concrete Frame

Year Built 1900

Tenant Pays Broadband Cable TV Electricity Gas Hot Water

Topography Level

Levels Two

Tax Year 2025

Current Use Residential

Gross Income 50100

Accessibility None

County Otter Tail

Insurance Expense 1800

New Construction N

Property Type Commercial Sale

Contingency None

MaintenanceExpense 2640

Subdivision Name Frazees 1st Add

Possible Use Office Retail Diversified

Directions On the corner of S Broadway(Hwy 59) 2nd Ave SE in Pelican Rapids Minnesota

City Pelican Rapids

High School District Pelican Rapids

Zoning Description Business/Commercial

Number Of Units Total 5

Lot Size Units Acres

Land Lease Y/N N

Tax Annual Amount 3592

Trash Expense 900

Additional Parcels Y/N N

Standard Status Active

Lender Owned No

Interior

Basement Owner Access Partial

Basement (Y/N) Y

Total Bedrooms 8

Total Baths 5

Ceiling Height 8-10

Foundation Dimensions 22x122

Fuel Electric Natural Gas

Exterior

Fencing None

Parking Features No Int Access to Dwelling Tuckunder Garage

Lot Features Corner Lot

Water Source City Water/Connected

Inclusions Building Fixture/Equipment Leases

Lot Size Area 0.078

Building Area Total 6468

Lot Dimensions 25x134

Waterfront Y/N N

Foundation Area 2684

Road Frontage Type City Street Paved Streets Sidewalks Street Lights Storm Sewer Highway

Road Responsibility Public Maintained Road

Internal Only

Street Number 1 123

* Excluded Features

List By

Remax Lakes Region

Broker

eric@lundmarkhomes.com

Affordability Calculator

$2,889

Per Month

Monthly Principal & Interest: $2,590
Monthly Property Taxes: $299
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

Yearly 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

Trends
Schools

Commerical listings in Pelican Rapids, MN

Average List Price ^$243,959

Percent of Sale Price 35%

About Pelican Rapids, MN

2,403 Population

-5% Since 2002

^$42,711 Median Income

36.12 Median Age

34% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3048281 Elementary School

3048280 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/1/2026	$375,000		Listed Price

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123 S Broadway, Pelican Rapids, MN, 56572 is a Commercial Property for sale at $375,000 with 6,468 sqft and a lot size of 0.078. 123 S Broadway has 8 bedrooms, 5.0 baths, and was built in 1900. The property's zip code is 56572 which is in Pelican Rapids, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

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 10/17/2026.

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123 S Broadway

Commercial Property for sale in Pelican Rapids, MN

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