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    Pelican Rapids, MN
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    Pelican Rapids, MN Commercial Land for Sale

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    Battle Lake, MN Erhard, MN Detroit Lakes, MN
    Commercial Land Parcel
    Updated: Jan 5, 2024
    Commercial Land Parcel

    10XX S Broadway, Pelican Rapids, MN 56572

    $65,000
    0.71 AC lot
    0.71‑acre undeveloped commercial lot in the central business district of Pelican Rapids
    Located along Highway 59 / Broadway in Pelican Rapids
    Water available at the property
    MNDot estimates average daily traffic of 6,091 vehicles
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Pelican Rapids, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Subdividable Commercial Land Parcel
    Subdividable Commercial Land Parcel

    Randolph Road, Detroit Lakes, MN 56501

    $489,900
    4.00 AC lot

    A development-ready land parcel with on-site utilities and an option to subdivide prior to closing.

    View details
    Commercial Development Land Opportunity
    Commercial Development Land Opportunity

    Highland Drive, Detroit Lakes, MN 56501

    $369,900
    2.00 AC lot

    Two acres near Highway 10 with city water, sewer, and natural gas available for flexible development planning.

    View details
    Commercial Development Land
    Commercial Development Land

    Pioneer Road, Fergus Falls, MN 56537

    $395,000
    36.68 AC lot

    36.68-acre development site near I-94 with frontage on Pioneer Road in Fergus Falls, Minnesota.

    View details
    Commercial Land on Lincoln Avenue
    Commercial Land on Lincoln Avenue

    125 W Lincoln Avenue Suite 3, Fergus Falls, MN 56537

    Contact for pricing

    Commercial land available on Lincoln Avenue in Fergus Falls.

    View details

    Pelican Rapids, MN Commercial Land Market Trends and Statistics

    Explore 1 commercial land for sale in Pelican Rapids, MN on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $65,000.

    Sale prices for commercial lots in Pelican Rapids, MN start at $65,000, averaging $65,000, and reaching up to $65,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Residential land & home lots 36
    Commercial land 1
    Waterfront Land 1

    Demographics Overview

    Population 5,900
    Population Growth (5Y) +11.1%
    Median Household Income $83,631
    College Educated 38.4%

    High-Yield Neighborhoods for Investment

    Identify Pelican Rapids submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    56572 $65K

    Taxes & Financing

    Tax Rate (average for all types) 2.80%
    Property Tax per SF $22.30 per SF
    Tax Rate vs County Average 0.53 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Otter Tail County

    New Delisted

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