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
Description
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.
More Information MLS# 6333238
Contract Information
Auction Type: Reserve
Owner is an Agent?: No
Auction?: Yes
Status: Closed
Off Market Date: 2023-05-09
Current Price: $2,832,500
Closed Date: 2023-05-23
Sales Close Price: 2832500
Contingency: None
ListPrice: 1
List Date: 2023-02-22
Office/Member Info
Association: GLAR
MLSID: RMLS
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
Lot Dimensions: 194x481x194x431
Acres: 1.95
Foundation Size: 13072
Garage Stalls: 0
For Sale or Lease: For Sale
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 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: 1
Fully Wheelchair: 1
Grab Bars In Bathroom: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 52322
Building Information
Building Finished SqFt: 25728
Building SqFt: 25728
Construction Status
Previously Owned: 1
Exterior
Vinyl: 1
Financing Terms
Conventional: 1
Fuel
Electric: 1
Natural Gas: 1
Heating
Boiler: 1
Other: 1
Lease Details
Land Leased: Not Applicable
Lock Box Type
None: 1
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Parking Lot: 1
Public Survey Info
Range#: 35
Section#: 25
Township#: 140
Sale Options
Sale Includes: Building, Business Assets, Business, Fixture/Equipment, Inventory, Land, Other
Sewer
City Sewer - In Street: 1
Unit 1
No. of 1 Bedroom Units: 62
Unit Details
Total Units: 62
Water
City Water/Connected: 1
On Site Utilities
Electric Common: 1
CMU Style
Business Opportunity: 1
Other: 1
Current Use
Hotel/Motel: 1
Potential Use
Motel/Hotel: 1
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
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
Listing Office:
Wolff & Simon Real Estate
Last Updated: October - 06 - 2025
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