Address
605 1st Street E Park Rapids, MN
Price
$ 399,000
Property Attributes
  • ML#5673024
  • TypeCommercial
  • CountyHUBBARD
  • CityPark Rapids
  • AreaRiverside Add
  • Zip56470
  • StyleBusiness
  • Year Built1960
  • Taxes8812
  • Price$ 399,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5268
  • Lot Size0.34 Acres
Listing Provided Courtesy Of:
Wolff & Simon Real Estate
Property Description

Park Rapids Investment Opportunity The Rustic Inn offers an abundance of opportunities. Whether you are looking for Short Term or Long Term Rentals, Commercial Lease Potential, or an Owner/Operated Business this properties for you. This property features 12 Units and a Caf, giving you 13 sources of income. Just Minutes from downtown Park Rapids, a Tourism destination location were tourists come to enjoy Hiking, Biking, Fishing, Downtown Shops, Itasca State Park and many other area Attractions. Come enjoy what the Northwoods has to offer. Daily rentals of $69/night; $99/weekend in the winter. Daily rentals of $89-$99/night $119/weekend in the summer. Monthly rentals $750/month.

Price History
10/12/2020 Listed $420,000
12/1/2020 5% - $399,000

General Features

Contingency Subject to Financing
High School District Park Rapids
Property SubType Business
Property Type Commercial Sale
Standard Status Active

Exterior Features

Lot Dimensions 100x140
Lot Size Area 0.34
Lot Size Units Acres

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 56470

Price
AVG $410K
$400K
Taxes
AVG $7,540
$8,812
Visits
AVG 46
12
Year Built
AVG 1966
1960
Walkscore
AVG 50
56
Data Provided by Walkscore ® not using MLS data

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