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$337,000
500 1st Street E
Park Rapids, MN 56470
MLS# 5576265



500 1st Street E, Park Rapids, MN 56470
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500 1st Street E, Park Rapids, MN 56470 500 1st Street E, Park Rapids, MN 56470 500 1st Street E, Park Rapids, MN 56470

Property Description
Prime commercial with live-in quarters. CR 34 Location with high traffic counts, water frontage and beautiful views of the Fish Hook River! Over 6,000 total square feet. 4,900 sq ft main level with commercial kitchen, bar and two large dining areas and BAR. Also has a 2 bedroom apartment above. Plenty of sq footage with potential for bar, restaurant, retail and/or office space. Additional parking available on adjoining lot.

Details
Maps
None
Allow Auto Valuation: No
Allow Consumer Comment: No
MLSID: RMLS
Contract Information
Availability: Available
Status: Active
Current Price: $337,000
Original List Price: 337000
Contingency: None
ListPrice: 337000
List Date: 2020-06-03
Owner is an Agent?: No
Auction?: No
Office/Member Info
Association: MAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 20
Owner Occupied: No
Waterfront Present: Yes
WF Footage Ft: 122
Year Built: 1950
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family,Business/Commercial
Foundation Size: 5300
Lake/Waterfront Name: Fishhook River
For Sale or Lease: For Sale or Lease
Acres: 0.4
Lot Dimensions: 92x60, 100x114
Assessment Pending: Unknown
Location, Tax and Other Information
Legal Description: PARCELS 32.44.03200 AND 32.44.03400
Map Page: 999
Rental License?: No
School District Phone: 218-237-6500
Map Coordinate Source: King's Street Atlas
House Number: 500
Street Name: 1st
Street Suffix: Street
Street Direction Suffix: E
Lake Chain: N
Postal City: Park Rapids
County: Hubbard
State: MN
Zip Code: 56470
DNR Lake ID#: S9990346
Property ID Number: 324403200
Tax Year: 2020
Tax Amount: 11600
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Tax With Assessments: 11600
Directions & Remarks
Public Remarks: Prime commercial with live-in quarters. CR 34 Location with high traffic counts, water frontage and beautiful views of the Fish Hook River! Over 6,000 total square feet. 4,900 sq ft main level with commercial kitchen, bar and two large dining areas and BAR. Also has a 2 bedroom apartment above. Plenty of sq footage with potential for bar, restaurant, retail and/or office space. Additional parking available on adjoining lot.
Directions: From 71/34: Go East on Hwy 34 to Just Across The Fish Hook River Bridge, First Property on Right.
Basement
Foundation Dimensions: 53x100
Building Information
Building Finished SqFt: 6382
Building SqFt: 7200
Green Verification
Green Certification: No
Lease Details
Lease Amount Type: Square Foot
Miscellaneous Information
FIPS Code: 27057
Homestead Desc: Other
Structure Information
Sale Includes: Building,Land
Unit Details
Total Units: 2
Property Features
Accessible: Grab Bars In Bathroom; No Stairs Internal; Partially Wheelchair
Air Conditioning: Central
Assumable Loan: Not Assumable
Available Utilities: Heating Separate
Basement: Full; Partial Finished
CMU Style: Mixed Use
Construction Status: Previously Owned
Current Use: Commercial; Food Service; Restaurant; Retail; Tavern/Lounge
Exterior: Log Siding
Floor Description: Carpet; Vinyl/Linoleum
Fuel: Electric; Natural Gas
Heating: Forced Air
Lake/Waterfront: River Front
Lease Details: Triple Net
Loan Terms: Cash; Contract for Deed; Conventional; Conventional Rehab; Lease Purchase; Trade; Other
Location Description: Free Standing
Lot Description: Corner Lot; Tree Coverage - Light
Miscellaneous Information: 220 Volt; Single Phase; Three Phase
No. of Ranges: One
No. of Refrigerators: Two
On Site Utilities: Heating Separate
Parking Characteristics: Driveway - Asphalt
Rent Rate per Foot: Net; Per Foot
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Roof: Age Over 8 Years; Composition; Flat
Sewer: City Sewer/Connected
Tenant Expenses: Electricity; Fuel; Insurance; Janitorial Service; Maintenance/Repair; Snow Removal; Taxes; Trash Collection; Water
Water: City Water/Connected
Waterfront View: River

Listing Office: Edina Realty, Inc.

Last Updated: October - 10 - 2020

500 1st Street E, Park Rapids, MN 56470 - MLS# 5576265

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. ©2020 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Monday 8th of March 2021 09:02 AM

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