For Sale
$350,000

500 1St St Park Rapids, MN 56470

Live/Work Opportunity: River Views, Ample Parking

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional mixed-use property at 500 1st Street E, Park Rapids, MN 56470, presents a unique investment opportunity. Boasting a total of 6,382 square feet on a 0.4-acre lot, this building offers a versatile blend of commercial and residential space. The main level, encompassing approximately 4,900 square feet, features a commercial kitchen, bar, and two spacious dining areas, ideal for a restaurant or similar venture. A significant update is needed to the restaurant space. Above, a comfortable 2-bedroom apartment provides additional income potential or private living quarters. The property benefits from abundant free parking with 20 spaces available. Built in 1950, the building is zoned for Business/Commercial and Residential-Single Family use, offering flexibility for various business models. Enjoy stunning views of the Fish Hook River, enhanced by a picture window in the main dining room. Located in Hubbard County, this property enjoys high visibility, with a 2019 traffic count estimate of 15,900 vehicles per day. The property's Assessed Parcel Number (APN) is 324403200. This is a rare chance to acquire a substantial mixed-use building in a desirable location with significant potential for growth and return on investment. The asking price is $350,000.

Property Details for 500 1St St

Property type
Retail properties, Mixed-use properties
Square Feet
6,382 SF
Year Built
1950
Lot Size (sq. ft)
17,424 SF
Units
2

Location Insight

City
Park Rapids
County
Hubbard
State
Minnesota
Latitude
46.9219673
Longitude
-95.051643

FAQs

What type of property is this?
Retail property - Live/Work Opportunity: River Views, Ample Parking
Where is the retail property located?
The property is located at 500 1St St Park Rapids, MN.
What is the asking price?
The asking price for this property is $350,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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500 1St St
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