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500 1st Street E Park Rapids, MN $ 350,000
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$ 350,000 Get more info
500 1st Street E
$ 350,000
Back to search
Share Save

500 1st Street E

Park Rapids, MN, 56470
$ 350,000
Baths0.0 Sq 6,382

Monthly Estimate*

$ 2,326

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Studio

Commercial Property for sale in Park Rapids, MN

for $350,000. This 6,382 square foot building was built in 1950 on a lot size of 0.4.

Great river view to this live/work property, 2019 traffic count estimate: 15,900 VPD. Picture window in main dining room has great view of the Fish Hook River! Over 6,000 total square feet. 4,900 sq main level with commercial kitchen, bar and two large dining areas. Mix use, with a 2-bedroom apartment above. Plenty of square footage with potential for bar, restaurant, retail and/or office space. Ample free parking. The restaurant needs updating.

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Commercial Active

Price

$ 350,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 7,152

Style

Mixed Use

Lot Size

0.4

Year Built

1950

Town/City

Park Rapids

County/Region

Hubbard

MLS | Web ID

6023499
Features
General
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Utilities Heating Separate
Roof Age Over 8 Years Composition Flat Other
Garage Spaces 0
Construction Materials Log Siding
Year Built 1950
Tenant Pays Electricity Fuel Insurance Janitorial Service Repairs Snow Removal Taxes Trash Collection Water
View River
Property SubType Mixed Use
Tax Year 2023
Current Use Commercial Food Service Restaurant Retail Bar/Tavern
Gross Income 0
Waterfront Features River Front
Accessibility Grab Bars In Bathroom No Stairs Internal Partially Wheelchair
Additional Parcels Description 324403400
County Hubbard
Property Type Commercial Sale
Contingency None
Subdivision Name Riverside Add
Directions From 71/34: Go East on Hwy 34 to Just Across The Fish Hook River Bridge. First two properties on right
City Park Rapids
Buyer Agent Compensation 3.50
Body of Water Fish Hook
Land Lease Amount 0
High School District Park Rapids
Zoning Description Business/Commercial Residential-Single Family
NumberOfUnitsTotal 2
Lot Size Units Acres
Waterfront Y/N Y
Street Name 1st
Land Lease Y/N N
Tax Annual Amount 7152
Additional Parcels Y/N Y
Days on Market 751
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
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Interior
Basement Full Partially Finished
Basement (Y/N) Y
Street Suffix Street
Foundation Dimensions 53x100
Fuel Electric Natural Gas
Garage Dimensions 0
Lake Acres 1642
Waterfront Feet 122
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Exterior
Parking Features Asphalt Open
Lot Features Corner Lot Tree Coverage - Light
Water Source City Water/Connected
Inclusions Building Land
Lot Size Area 0.4
Building Area Total 6382
Lot Dimensions 92x60 100x114
Foundation Area 5300
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 500
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* Excluded Features
List By
Edina Realty, Inc.

Broker

edhanlon@hotmail.com

Email

Affordability Calculator

$2,922
Per Month
80%
20%
0%
Monthly Principal & Interest
$2,326
Monthly Property Taxes
$596
Monthly 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
709114 Elementary School
709313 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/2/2024$350,000 Listed Price

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500 1st Street E, Park Rapids, MN, 56470 is a Commercial Property for sale at $350,000 with 6,382 sqft and a lot size of 0.4. 500 1st Street E is a studio with 0.0 baths and was built in 1950. The property's zip code is 56470 which is in Park Rapids, MN

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