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Park Rapids, MN 56470

$219,000

Property Type: Commercial Bedrooms: 5 Baths: 5 Square Footage: 3,450 Lot Size (sq. ft.): 3,485 Status: Active

Current Price: $219,000 List Date: 6/27/2026 Last Modified: 7/06/2026

Overview

Description

Investment Opportunity with this Park Rapids unique and nostalgic commercial property on the corner of Main Street and 2nd Ave, which boasts 3,450 sq feet of rental space and great parking. As you enter the main level you will feel the care and beauty that this building possesses. Rental history has been great with retail on the main level, bathroom facilities and lower-level storage. There are 2 apartments which are rented and have a great history for occupancy. The main floor bedroom apartment has 2 bedrooms and separate entry and there is an updated 4 bedroom on the upper level. Both of the apartments have laundry facilities and designated parking. Income producing and so much potential. Call today for your private showing.

Listing Details MLS# 7089335

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 2
Owner Occupied: No
Waterfront YN: No
Year Built: 1910
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 2300
Power Company: Minnesota Power
For Sale or Lease: For Sale
Acres: 0.08
Lot Dimensions: 25x46
Assessment Pending: No
Garage Stalls: 0

Property Features

Accessible: None Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer Basement: Partial; Partially Finished; Storage Space CMU Style: Apartments and Retail; Business Opportunity; Common Wall Construction Materials: Frame; Stone Construction Status: Previously Owned Current Use: Commercial; Residential Exterior: Brick/Stone; Cedar; Stucco Fencing: Wood Flooring: Carpet; Concrete Slab; Wood Foundation: Poured Concrete; Stone; Wood Fuel: Electric; Natural Gas Heating: Baseboard; Boiler; Hot Water; Zoned Loan Terms: Cash; Conventional Location Description: Downtown Lot Description: Corner Lot Miscellaneous Information: 2+ Lavatories; 220 Volt; Alarms; Alley; Exterior Lighting; Kitchen Facilities On Site Utilities: Electric Common; Heating Common; Hot Water Common Owner Pays: All Utilities; Fuel; Insurance; Maintenance/Repair; Taxes; Trash Collection Parking Characteristics: Assigned Pool Description: None Rent Rate per Foot: Per Month Road Frontage: City Street; Curbs; Paved Streets; Sidewalks; Storm Sewer; Street Lights Road Responsibility: Public Maintained Road Roof: Age Over 8 Years; Asphalt Shingles; Pitched Sewer: City Sewer/Connected Stories: Two Wall Description: Drywall Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 219000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

Postal City: Park Rapids
County: Hubbard
State: MN
Zip Code: 56470
Complex/Dev/Subdivision: Park Rapids

Assessments

Assessment Balance: 797
Tax With Assessments: 3760

Basement

Foundation Dimensions: 25x46
Partial: Yes
Partially Finished: Yes
Storage Space: Yes

More Information

Building Information

Building Finished SqFt: 2300
Building SqFt: 3450
Ceiling Height: 8-10

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No
2+ Lavatories: Yes
220 Volt: Yes
Alarms: Yes
Alley: Yes
Exterior Lighting: Yes
Kitchen Facilities: Yes

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 35
Section#: 26
Township#: 140

Sale Options

Sale Includes: Building, Fixture/Equipment, Leases

Unit 1

Unit Number: Yes
Half Baths: 2
Total Bathrooms: 2
Total Rooms: Yes
Level: Main Level
Leased?: No

Unit 2

No. of 2 Bedroom Units: 2
Full Baths: Yes
Lease Expiration Date: 2026-12-31
Leased?: Yes
Level: Main Level
Monthly Rent: 950
Three-Quarter Baths: Yes
Total Bathrooms: 2
Total Bedrooms: 2
Total Rooms: 3
Unit Number: 2

Unit 3

Full Baths: Yes
Lease Expiration Date: 2026-12-31
Leased?: Yes
Level: 2nd Level
Monthly Rent: 1200
Total Bathrooms: Yes
Total Bedrooms: 3
Total Rooms: 5
Unit Number: 3

Unit Details

Total Units: 3

Office/Member Info

Association: GLAR

Location, Tax and Other Information

Legal Description: .08 AC PRC ORIGINAL TOWNSITE LOT 13 BLK 2
Listing City: Park Rapids
Map Page: 999
Municipality: Park Rapids
School District: Park Rapids
School District Phone: 218-237-6500
Zip Plus 4: 2885
Property ID Number: 323700100
Tax Year: 2026
Tax Amount: 2963
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Investment Opportunity with this Park Rapids unique and nostalgic commercial property on the corner of Main Street and 2nd Ave, which boasts 3,450 sq feet of rental space and great parking. As you enter the main level you will feel the care and beauty that this building possesses. Rental history has been great with retail on the main level, bathroom facilities and lower-level storage. There are 2 apartments which are rented and have a great history for occupancy. The main floor bedroom apartment has 2 bedrooms and separate entry and there is an updated 4 bedroom on the upper level. Both of the apartments have laundry facilities and designated parking. Income producing and so much potential. Call today for your private showing.
Directions: From 34/71 in Park Rapids go West on 34 1 Block to a left on to Main Street. The property is on the first block on the left, at the intersection of Main and Second Street.

Accessible

None: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Construction Materials

Frame: Yes
Stone: Yes

Construction Status

Previously Owned: Yes

Exterior

Brick/Stone: Yes
Cedar: Yes
Stucco: Yes

Fencing

Wood: Yes

Flooring

Carpet: Yes
Concrete Slab: Yes
Wood: Yes

Foundation

Poured Concrete: Yes
Stone: Yes
Wood: Yes

Fuel

Electric: Yes
Natural Gas: Yes

Heating

Baseboard: Yes
Boiler: Yes
Hot Water: Yes
Zoned: Yes

Lot Description

Corner Lot: Yes

Owner Pays

All Utilities: Yes
Fuel: Yes
Insurance: Yes
Maintenance/Repair: Yes
Taxes: Yes
Trash Collection: Yes

Parking Characteristics

Assigned: Yes

Patio, Porch and Deck Features

Porch: Yes

Pool Description

None: Yes

Road Frontage

City Street: Yes
Curbs: Yes
Paved Streets: Yes
Sidewalks: Yes
Storm Sewer: Yes
Street Lights: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age Over 8 Years: Yes
Asphalt Shingles: Yes
Pitched: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Wall Description

Drywall: Yes

Water

City Water/Connected: Yes

No. of Ranges

Two: Yes

No. of Refrigerators

Three: Yes

On Site Utilities

Electric Common: Yes
Heating Common: Yes
Hot Water Common: Yes

CMU Style

Apartments and Retail: Yes
Business Opportunity: Yes
Common Wall: Yes

Current Use

Commercial: Yes
Residential: Yes

Loan Terms

Cash: Yes
Conventional: Yes

Location Description

Downtown: Yes

Rent Rate per Foot

Per Month: Yes

Listing Office: Affinity Real Estate Inc.

Last Updated: July - 06 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.