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For Sale:  Park Rapids MLS# 7089335

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Active NEW!
$219,000
/mo Edit
Commercial:  2 Stories
5 br • 5 ba • Built 1910
0.08 acres
Park Rapids schools
MLS# 7089335
763-576-8286
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    Property Description

    Investment Opportunity with this Park Rapids unique and nostalgic commercial property on the corner of Main Street and 2nd Ave, which boasts 3, 450 sq feet of rental space and great parking. As you enter the main level you will feel the care and beauty that this building possesses. Rental history has been great with retail on the main level, bathroom facilities and lower-level storage. There are 2 apartments which are rented and have a great history for occupancy. The main floor bedroom apartment has 2 bedrooms and separate entry and there is an updated 4 bedroom on the upper level. Both of the apartments have laundry facilities and designated parking. Income producing and so much potential. Call today for your private showing.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $219,000
    Property Type: Commercial
    City: Park Rapids
    Garage Spaces: 0
    County: Hubbard
    Year Built: 1910
    State: MN
    Property Style: 2 Stories
    Zip Code: 56470
    Subdivision Name: Park Rapids

    Interior

    Bedrooms: 5
    Bathrooms: 5
    Ceiling Height: 8-10
    Flooring: Carpet, Concrete Slab, Wood
    Refrigerators: Three
    Appliances Included:
    • Dishwasher
    • Dryer
    • Gas Water Heater
    • Microwave
    • Range
    • Refrigerator
    • Washer
    • Water Softener Owned
    Basement Details:
    • Partial
    • Partially Finished
    • Storage Space

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 2,300 ft2
    Foundation Dimensions: 25x46
    Fencing: Wood
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Baseboard
    • Boiler
    • Ductless Mini-Split
    • Hot Water
    • Zoned
    Parking Features:
    • Assigned
    • On-Street Parking Only
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    • Storm Sewer
    • Street Lights
    Exterior Material:
    • Frame
    • Stone
    Pool: None
    Roof Details:
    • Age Over 8 Years
    • Asphalt
    • Pitched

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.08
    Geolocation: 46.921236, -95.059479
    Inclusions: Building, Fixture/Equipment, Leases
    Lot Dimensions: 25 x 46
    Zoning: Business/Commercial
    Lot Description: Corner Lot

    Schools

    School District: 309
    District Phone: 2182376500

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $2,963
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $3,760

    Units

    Total Units: 3

    Miscellaneous

    Current Use:
    • Commercial
    • Residential
    Fuel System:
    • Electric
    • Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Common
    • Heating Common
    • Hot Water Common
    Water System: City Water/Connected
    Power Company Name: Minnesota Power

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Affinity Real Estate Inc..
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.