213 Main AvePark Rapids, MN 56470

Property Details for 213 Main Ave

Year built

1963

Lot size

0.08 AC

Property size (Sq ft)

2,000 SF

Property type

Retail space

APN

32.37.04800

APU

323704800

Description

This well-maintained, 2,000 square foot commercial building is ideally situated on Main Avenue in the heart of Park Rapids, Minnesota. Its vibrant downtown location offers excellent visibility and accessibility, surrounded by a thriving mix of restaurants and shops. The property presents a significant opportunity for a variety of businesses seeking a prominent presence in a bustling commercial district. The building's 2,000 square feet provide ample space for diverse operational needs. The asking price is $209,900. The property is located at 213 Main Avenue, Park Rapids, MN 56470, in Hubbard County. Its prime location on Main Street ensures high foot traffic and visibility, making it an attractive option for businesses seeking maximum exposure. This is a rare opportunity to acquire a well-established commercial space in a desirable and growing community. The building's condition is described as well-maintained, suggesting minimal immediate renovation needs. The property is classified as a special purpose building, offering flexibility for various commercial uses. The property's address is easily accessible and conveniently located within the downtown area. This presents a strong investment opportunity in a thriving Minnesota community.

• CAP approach

  CAP return

  Valuation

  6%

  $540,534

  6.5%

  $498,955

  7%

  $463,315

• Comparable approach

  Method

  Valuation

  Relative Method

  $257,242

  Geo Method

  $257,242

• Alternative Use

  Use

  Valuation

  Residential

  $420,887

  Hospitality

  $385,530

  Educational

  $320,757

  Medical

  $331,788

  Retail

  $498,955

Location Insight

City

Park Rapids

County

Hubbard

State

Minnesota

Latitude

46.9205

Longitude

-95.0604

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].