1020 1st Street E, Park Rapids, MN 56470
$2,832,500
Property Type:
Commercial
Lot Size (sq. ft.):
84,942
Status:
Closed
Current Price:
$2,832,500
List Date:
2/22/2023
Last Modified:
10/06/2025
Overview
Description
Listing Details MLS# 6333238
General Property Information
- Buyer’s Premium?
- Yes
- Lot Measurement
- Acres
- Multiple PIDs?
- No
- Other Parking Spaces
- 20
- Owner Occupied
- Yes
- Year Built
- 1979
- Yearly/Seasonal
- Yearly
- Zoning
- Business/Commercial
- Foundation Size
- 13072
- For Sale or Lease
- For Sale
- Acres
- 1.95
- Lot Dimensions
- 194x481x194x431
- Garage Stalls
- 0
Property Features
Accessible:
Accessible Elevator Installed; Fully Wheelchair; Grab Bars In Bathroom
CMU Style:
Business Opportunity; Other
Construction Status:
Previously Owned
Current Use:
Hotel/Motel
Exterior:
Vinyl
Financing Terms:
Conventional
Fuel:
Electric; Natural Gas
Heating:
Boiler; Other
Lock Box Type:
None
On Site Utilities:
Electric Common
Parking Characteristics:
Parking Lot
Potential Use:
Motel/Hotel
Sewer:
City Sewer - In Street
Water:
City Water/Connected
Contract Information
- Auction Type
- Reserve
- Off Market Date
- 2023-05-09
- Closed Date
- 2023-05-23
- Sales Close Price
- 2832500
- Contingency
- None
- ListPrice
- Yes
- Owner is an Agent?
- No
- Auction?
- Yes
Location Tax and Other Information
- House Number
- 1020
- Street Name
- 1st
- Street Suffix
- Street
- Street Direction Suffix
- E
- Postal City
- Park Rapids
- County
- Hubbard
- State
- MN
- Zip Code
- 56470
- Complex/Dev/Subdivision
- Eastwood First Add
Assessments
- Tax With Assessments
- 52322
- Assessment Balance
- 0
Building Information
- Building Finished SqFt
- 25728
- Building SqFt
- 25728
More Information
Lease Details
- Land Leased
- Not Applicable
Miscellaneous Information
- Homestead
- No
Ownership
- Fractional Ownership
- No
Public Survey Info
- Range#
- 35
- Section#
- 25
- Township#
- 140
Sale Options
- Sale Includes
- Building, Business Assets, Business, Fixture/Equipment, Inventory, Land, Other
Unit 1
- No. of 1 Bedroom Units
- 62
Unit Details
- Total Units
- 62
Office/Member Info
- Association
- GLAR
- MLSID
- RMLS
Location, Tax and Other Information
- Legal Description
- SECT-25 TWP-140 RANGE-035 1.95 AC E193 OF W853 OF NE1/4 OF NE1/4 LYING N OF EASTWOOD FIRST ADD EX HWY R/W
- Listing City
- Park Rapids
- Map Page
- 999
- Municipality
- Park Rapids
- Rental License?
- No
- School District
- Park Rapids
- School District Phone
- 218-237-6500
- Zip Plus 4
- 187
- Property ID Number
- 322500300
- Tax Year
- 2022
- Tax Amount
- 52322
- In Foreclosure?
- No
- Potential Short Sale?
- No
- Lender Owned?
- No
- Auctioneer License
- 40750750
Directions & Remarks
- Public Remarks
- The Super 8 Motel, offers 62 rooms and has been a mainstay business in the Park Rapids Area with over 42 years of success, with proven financial stability, nationwide franchise exposure and name recognition. Park Rapids a destination hub for avid summer and winter enthusiasts alike, including fisherman, ice fisherman, hikers, bikers, ATV Riders, Off-Road Vehicle operators, and Snowmobilers. This property is an auction.
- Directions
- From 34/71 in Park Rapids, East on 34 to property.
Accessible
- Accessible Elevator Installed
- Yes
- Fully Wheelchair
- Yes
- Grab Bars In Bathroom
- Yes
Construction Status
- Previously Owned
- Yes
Exterior
- Vinyl
- Yes
Financing Terms
- Conventional
- Yes
Fuel
- Electric
- Yes
- Natural Gas
- Yes
Heating
- Boiler
- Yes
- Other
- Yes
Lock Box Type
- None
- Yes
Parking Characteristics
- Parking Lot
- Yes
Sewer
- City Sewer - In Street
- Yes
Water
- City Water/Connected
- Yes
On Site Utilities
- Electric Common
- Yes
CMU Style
- Business Opportunity
- Yes
- Other
- Yes
Current Use
- Hotel/Motel
- Yes
Potential Use
- Motel/Hotel
- Yes
Listing Office:
Wolff & Simon Real Estate
Last Updated: October - 06 - 2025
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