201 1st St E Park Rapids, MN 56470
Estimated payment $3,187/month
Highlights
- River View
- Corner Lot
- Forced Air Heating System
- Deck
- Patio
- Hot Water Heating System
About This Home
Discover an exceptional commercial property nestled beside the serene Fish Hook River and strategically located at the trailhead of the Heartland State Trail. This property offers picturesque views and is situated in the heart of the Park Rapids business district, with the added perk of boat access.
Prime Location:
Positioned near the corner of HWY 34 and HWY 71, ensuring high visibility and traffic flow
Central location in an established retail community
Steady foot traffic from trails and nearby parks, offering endless exposure for your business
Property Features:
Competitive pricing with a variety of tailored spaces available to lease
Currently equipped with 4 offices, 2 conference rooms, and an area for 3 support personnel
Additional income potential with an apartment above and extra room below
Suitable for a wide range of business types
Amenities:
Picturesque views of the Fish Hook River
Boat access for added convenience
Proximity to the Heartland State Trail, enhancing foot traffic
Elevate your business with this perfect space. Don't miss out on this incredible opportunity to own a dynamic commercial property in Park Rapids, MN. Contact us today to schedule a viewing and explore the endless possibilities this location has to offer!
Property Details
Property Type
- Other
Est. Annual Taxes
- $5,314
Year Built
- Built in 1950
Lot Details
- 0.48 Acre Lot
- Lot Dimensions are 135x110x150x155x30
- River Front
- Corner Lot
- Few Trees
- Property is zoned Business/Commercial
Home Design
- Architectural Shingle Roof
Interior Spaces
- 5,565 Sq Ft Home
- River Views
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Shared Basement
- Basement Storage
Parking
- Paved Parking
- Parking Lot
Outdoor Features
- Deck
- Patio
Utilities
- Forced Air Heating System
- Boiler Heating System
- Hot Water Heating System
Community Details
- Gh Rices Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 324100200
- $236 per year additional tax assessments
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $7,262 | $377,600 | $127,400 | $250,200 |
| 2022 | $4,144 | $222,200 | $127,400 | $94,800 |
| 2021 | $8,180 | $291,800 | $131,300 | $160,500 |
| 2020 | $8,628 | $277,500 | $131,300 | $146,200 |
| 2019 | $8,800 | $280,500 | $131,300 | $149,200 |
| 2018 | $9,592 | $305,100 | $138,200 | $166,900 |
| 2016 | $10,864 | $298,100 | $138,200 | $159,900 |
| 2015 | $10,163 | $307,600 | $157,900 | $149,700 |
| 2014 | $11,511 | $341,200 | $157,900 | $183,300 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/14/2025 02/14/25 | For Sale | $495,000 | -- | $89 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $185,000 | Leer Title | |
| Deed | $185,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $148,000 | New Conventional | |
| Closed | $148,000 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $185,000 | No Value Available |
Source: Fargo-Moorhead Area Association of REALTORS®
MLS Number: 6670331
APN: 32.41.00200
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