323 Main Avenue S Park Rapids, MN ^$ 329,900

323 Main Avenue S

^$ 329,900

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323 Main Avenue S

Park Rapids, MN, 56470

^$ 329,900

Studio Baths0.0 Sq 7,000

Monthly Estimate*

^$ 2,193

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Studio

Commercial Property for sale in Park Rapids, MN

for $329,900. This 7,000 square foot building was built in 1895 on a lot size of 0.25.

Fully rented, revenue producing commercial building on a busy main street in central Minnesota lake country. Retail spaces on the first floor-yearly leases in place; office space on the second floor with a long-term lease. Solid mechanical systems and modern finishes. This is a very up-to-date building with full occupancy!

Commercial Active

Price

^$ 329,900

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 8,728

Style

Lot Size

0.25

Year Built

1895

Town/City

Park Rapids

County/Region

Hubbard

MLS | Web ID

6239838

Features

General

Sewer City Sewer/Connected

Heating Forced Air

Utilities Electric Separate Heating Separate Hot Water Common

Garage Spaces 0

Construction Materials Cedar

Year Built 1895

Tax Year 2022

Current Use Professional/Office Professional Service

Accessibility Wheelchair Ramp(s)

County Hubbard

Property Type Commercial Sale

Contingency None

Subdivision Name Park Rapids

Directions Main St. S. Park Rapids Southwest corner of 4th Ave. and Main St. S.

City Park Rapids

Buyer Agent Compensation 2.25

Land Lease Amount 0

High School District Park Rapids

Zoning Description Business/Commercial

NumberOfUnitsTotal 3

Lot Size Units Acres

Street Name Main

Land Lease Y/N N

Tax Annual Amount 8728

Additional Parcels Y/N N

Days on Market 356

Standard Status Active

Lender Owned No

Buyer Agent Compensation Type %

Exterior

Parking Features Gravel Open

Water Source City Water - In Street

Inclusions Building Land Leases

Lot Size Area 0.25

Building Area Total 7000

Lot Dimensions 75x140

Foundation Area 3500

Interior

Basement (Y/N) N

Street Suffix Avenue

Fuel Electric Natural Gas

Internal Only

Street Number 1 323

* Excluded Features

List By

Dane Arthur Real Estate Agency - Park Rapids

Broker

kristinewalsh@danearthur.com

Affordability Calculator

$2,920

Per Month

Monthly Principal & Interest: $2,193
Monthly Property Taxes: $727
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 6.99% 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 Park Rapids, MN

Average List Price ^$466,729

Percent of Sale Price 41%

About Park Rapids, MN

3,934 Population

12% Since 2002

^$35,932 Median Income

40.71 Median Age

23% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

709114 Elementary School

709313 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/7/2023	$329,900	-5.72%	Price Down
7/25/2022	$349,900		Listed Price

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323 Main Avenue S, Park Rapids, MN, 56470 is a Commercial Property for sale at $329,900 with 7,000 sqft and a lot size of 0.25. 323 Main Avenue S is a studio with 0.0 baths and was built in 1895. The property's zip code is 56470 which is in Park Rapids, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% 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 5/31/2024.

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323 Main Avenue S

Commercial Property for sale in Park Rapids, MN

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