125 1st Avenue S Perham, MN ^$ 1,650,000

125 1st Avenue S

^$ 1,650,000

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125 1st Avenue S

Perham, MN, 56573

^$ 1,650,000

Bedrooms-- Baths-- Sq 14,000

Monthly Estimate*

^$ 11,396

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125 1st Avenue S, Perham, MN 56573 - Image 8

125 1st Avenue S, Perham, MN 56573 - Image 9

125 1st Avenue S, Perham, MN 56573 - Image 10

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125 1st Avenue S, Perham, MN 56573 - Image 12

125 1st Avenue S, Perham, MN 56573 - Image 13

Commercial Property for sale in Perham, MN

for $1,650,000. This 14,000 square foot building was built in 1979 on a lot size of 0.344.

Versatile retail or office space located in downtown Perham. Excellent visibility, easy access, strong traffic counts, and more! Modern space ideal for retailers, professional services, medical users or growing businesses seeking high-exposure address. Large windows and open floor plan to create a space perfect for your next move or expansion

Commercial Active

Price

^$ 1,650,000

Property Type

Commercial

Taxes

^$ 16,776

Style

Lot Size

0.344

Year Built

1979

Town/City

Perham

County/Region

Otter Tail

MLS | Web ID

7132852

Features

General

Sewer City Sewer/Connected

Heating Forced Air

Utilities Electric Common Heating Common

Garage Spaces 0

Year Built 1979

Levels One

Tax Year 2026

Current Use Commercial Retail

Accessibility No Stairs External No Stairs Internal

County Otter Tail

New Construction N

Property Type Commercial Sale

Contingency None

Subdivision Name Village/Perham

Possible Use Office Professional Service Restaurant Retail Diversified Medical/Dental

Directions Use Google Maps

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 16776

Additional Parcels Y/N N

Standard Status Active

Lender Owned No

Exterior

Parking Features On-Street Parking Only

Water Source City Water/Connected

Inclusions Building

Lot Size Area 0.344

Building Area Total 14000

Lot Dimensions Corner

Waterfront Y/N N

Foundation Area 14000

Interior

Basement (Y/N) N

Fuel Natural Gas

Internal Only

Street Number 1 125

* Excluded Features

List By

Homesmart Adventure Realty

Broker

hollyokeson@outlook.com

Affordability Calculator

$12,794

Per Month

Monthly Principal & Interest: $11,396
Monthly Property Taxes: $1,398
Monthly Home Insurance: --

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Down Payment

Loan Term

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 Perham, MN

Average List Price ^$558,733

Percent of Sale Price 66%

About Perham, MN

3,320 Population

24% Since 2002

^$54,796 Median Income

41.07 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3048402 Elementary School

3048384 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/26/2026	$1,650,000		Listed Price

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125 1st Avenue S, Perham, MN, 56573 is a Commercial Property for sale at $1,650,000 with 14,000 sqft and a lot size of 0.344. 125 1st Avenue S was built in 1979. The property's zip code is 56573 which is in Perham, 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 10/15/2026.

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125 1st Avenue S

Commercial Property for sale in Perham, MN

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