$490,000

201 1st St E Park Rapids, MN 56470

Estimated payment $3,150/month

Total Views 17,764
-- Bed
-- Bath
5,565 Sq Ft
$88 Price per Sq Ft

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!

Listing Agent

Stephanie Overgaard

REALTY XPERTS Listed on: 02/14/2025

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

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

Property Details

Property Type

Other

Est. Annual Taxes

$5,314

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Prop. Type: Commercial
  • Lot Size Acres: 0.48
  • Lot Size: 135x110x150x155x30
  • Inclusions: Other
  • Subdivision Name: Gh Rices Add
  • Year Built: 1950
  • Roof:Architectural Shingle: Yes
  • General Property Information Waterfront Present: Yes
  • General Property Information Zoning3: Business/Commercial
  • General Property Information:Acres: 0.48
  • Location Tax and Other Information Tax Year2: 2024
  • Location Tax and Other Information Tax Amount: 5313.0
  • Location Tax and Other Information In Foreclosure: No
  • Location Tax and Other Information Lender Owned: No
  • General Property Information Year Built2: 1950
  • General Property Information Lot Dimensions: 135x110x150x155x30
  • Lease Details Land Leased: Not Applicable
  • Ownership Fractional Ownership3: No
  • Lot Description Tree Coverage - Light: Yes
  • Building Information Building Finished SqFt: 5565
  • Unit Details Total Units: 1
  • Lot Description:Corner Lot: Yes
  • LakeWaterfront River Front: Yes
  • Waterfront View River: Yes
  • Basement Shared Access: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Accessibility Features: None
  • Has Basement: Full, Shared Access, Storage Space, Other
  • Basement:Full2: Yes
  • Basement:Storage Space: Yes

Exterior Features

  • Lot Features: Corner Lot, Tree Coverage - Light
  • Pool Features: None
  • Patio And Porch Features: Deck, Patio
  • Roof: Architectural Shingle
  • Patio Porch and Deck Features Deck3: Yes
  • Patio Porch and Deck Features Patio3: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Parking Lot
  • Parking Characteristics Parking Lot: Yes

Utilities

  • Heating: Boiler, Forced Air, Hot Water
  • Heating Yn: Yes
  • Sewer: City Sewer/Connected
  • Utilities: Heating Common
  • Water Source: City Water/Connected
  • Heating Fuel:Natural Gas: Yes
  • Heating:Forced Air: Yes
  • Heating:Hot Water: Yes
  • Heating:Boiler: Yes

Lot Info

  • Current Use: Business Service
  • Lot Size Sq Ft: 20908.8
  • Parcel #: 324100200
  • Zoning: Business/Commercial

Tax Info

  • Tax Annual Amount: 5313.5
  • Tax Other Annual Assessment Amount: 236.0

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
2024 $12,468 $549,900 $140,200 $409,700
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
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2025 07/22/25 Price Changed $490,000 -1.0% $88 / Sq Ft
06/30/2025 06/30/25 Off Market $495,000 -- --
05/28/2025 05/28/25 For Sale $495,000 0.0% $89 / Sq Ft
02/14/2025 02/14/25 For Sale $495,000 -- $89 / Sq Ft
Source: Fargo-Moorhead Area Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $185,000 Leer Title
Deed $185,000 --
Source: Public Records

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: Public Records

Source: Fargo-Moorhead Area Association of REALTORS®

MLS Number: 6670331

APN: 32.41.00200

Minnesota Hubbard County Park Rapids 56470

201 1st St E, Park Rapids, MN

This home is located at 201 1st St E, Park Rapids, MN 56470 and is currently priced at $490,000, approximately $88 per square foot. This property was built in 1950. 201 1st St E is a home located in Hubbard County with nearby schools including Century Elementary School, Century School, and Park Rapids Area High School.

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Nearby Homes
Listing Agent
Stephanie Overgaard
Section Image
REALTY XPERTS
(218) 527-7364