501 1st Street E

Park Rapids, MN
$ 339,900 Beds 0 Baths 0 Sq 12,000 Virtual Tour
Monthly Estimate* How much can I afford?

C443 Great investment opportunity, in a premium location just off of Highway 34, near Fish Hook River, and just down the street from Heartland Park. Sale includes six furnished apartments, all currently rented, along with a unique combination of commercial/retail space, office spaces & plenty of storage in the garage. Various features and rooms of the building have been updated and renovated in the past few years. The boiler was recently replaced, also. The property has loads of potential for the right buyer.

Commercial

  • Price
  • $ 339,900
  • Lot Size
  • 12,632 SqFt
  • Bedrooms
  • 0
  • Sqr Footage
  • 12,000
  • Full Bathrooms
  • 0
  • Year Built
  • 1900
  • Half Bathrooms
  • 0
  • City, Zip
  • Park Rapids
  • Taxes
  • $ 8018
  • County
  • HUBBARD
  • Style
  • Mixed Use
  • Area
  • Auditors #2
  • MLS#
  • 5730393
  • Zip
  • 56470
Listing Provided by: Coldwell Banker Clack Dennis
Data Source: Northstar MLS (NSTAR) - 133 - MN

Features

General

Accessibility None
Additional Parcels Y/N No
Basement None
City Park Rapids
Construction Materials Wood Siding, Vinyl Siding, Block
Contingency None
Cooling Wall Unit(s), Ductless Mini-Split
County Hubbard
Current Use Professional/Office, Residential
Days on Market 143
Directions From Hwys. 71/34 in Park Rapids, go E on 34 to the property on the left, right after the river.
Garage Spaces 1
Heating Boiler
High School District Park Rapids
Lender Owned No
Levels Two
Ownerpays Taxes, Insurance, Water, Fuel, Repairs, Trash Collection, Snow Removal, Grounds Care
Property SubType Mixed Use
Property Type Commercial Sale
Roof Asphalt, Metal
Sewer City Sewer/Connected
Standard Status Active
Street Name 1st
Subdivision Name Auditors #2
Tax Annual Amount 8018
Tax Year 2021
Tenant Pays Electricity
Total Units 11
Utilities Heating Common, Hot Water Common
Virtual Tour https://www.tourfactory.com/idxr2853076
Year Built 1900
Zoning Description Business/Commercial

Interior Features

Street Suffix Street
Unit Type Efficiencies, 1 Bedroom, 2 Bedroom, 3 Bedroom, 1 Room, 2 Room, 3 Room, 4 Room, 5 Room, 6 Room, 7 Room

Exterior Features

Foundationarea 5000
Inclusions Building, Land, Fixture/Equipment, Leases
Lot Dimensions 45x110x115x130
Lot Size Area 0.29
Lot Size Units Acres
Parking Features Attached Garage, Heated Garage, Paved
Road Responsibility Public Maintained Road
Water Source City Water/Connected
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Woodbury, MN office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 2.99% 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.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

3/25/2021 Listed $339,900

Property vs Zip Code Average in 56470

Price
AVG $540K
$340K
Taxes
AVG $6,647
$8,018
Visits
AVG 24
33
Year Built
AVG 1959
1900
Walkscore
AVG 44
61
Data Provided by Walkscore ® not using MLS data

Map

Areas That We Cover

501 1st Street E Park Rapids, MN is a Single Family Home for sale at $339900 with 12000 sqft and a lot size of 12,632 SqFt Acre(s). 501 1st Street E Park Rapids has 0 bedrooms, 0 baths and was built in 1900. 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 2.99% 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.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.