For Sale: Park Rapids MLS# 6762343
Active
$269,900
Commercial: Apartments/Retail
Built 1938
0.08 acres
Park Rapids schools
MLS# 6762343
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Property Description
Prime commercial building with built in rental income! This well maintained commercial building is located right in the heart of Main Avenue in Park Rapids, a high visibility, this high traffic area perfect for long term investment! Situated in the center of Main Avenue, surrounded by thriving local businesses, restaurants, shops and foot traffic. The building has an apartment above and a full basement below!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$269,900
Property Type:
Commercial
City:
Park Rapids
Garage Spaces:
0
County:
Hubbard
Year Built:
1938
State:
MN
Property Style:
Apartments/Retail
Zip Code:
56470
Subdivision Name:
Town/Pk Rapids
Interior
Ranges:
One
Refrigerators:
One
Appliances Included:
- Electric Water Heater
- Range
- Refrigerator
Basement Details:
- Block
- Full
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
0
Air Conditioning:
Central Air
Foundation Size:
1,750 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
On-Street Parking Only
Unit Amenities:
- Cable
- Ceiling Fan(s)
- City View
Road Frontage:
City Street
Exterior Material:
- Brick/Stone
- Shake Siding
Roof Details:
Age Over 8 Years
Lot & Land
Acres:
0.08
Geolocation:
46.920737, -95.060433
Inclusions:
Building
Lot Dimensions:
50 x 140
Zoning:
Business/Commercial
Schools
School District:
309
District Phone:
218-237-6500
Expenses
Tenant Expenses:
All Utilities
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$2,446
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$3,388
Units
Total Units:
1
Miscellaneous
Current Use:
- Commercial
- Retail
Fuel System:
Natural Gas
Owner Occupied:
Yes
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
Water System:
City Water/Connected
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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!
Listing provided by RMLS,
courtesy of Coldwell Banker Crown Realtors.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.