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

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    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 a Listing Into an Investment Snapshot Cap Rate, Potential NOI, 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.

    Commercial Land Near Highway 10
    Commercial Land Near Highway 10

    Randolph Road, Detroit Lakes, MN 56501

    $489,900
    4.00 AC lot

    Approximately four acres with subdivision flexibility and water availability.

    View details
    Commercial Land with Water Available
    Commercial Land with Water Available

    Lakeside Drive N, Perham, MN 56437

    $249,900
    0.65 AC lot

    Water service is available, with multifamily housing and residential neighborhoods nearby.

    View details
    Wooded Highway-Frontage Land Parcel
    Wooded Highway-Frontage Land Parcel

    42023 County Highway 14, Perham, MN 56573

    $45,000
    1.73 AC lot

    Vacant wooded acreage on paved County Highway 14, suitable for storage, business use, or a camping retreat.

    View details
    High-Visibility Commercial Land Lot
    High-Visibility Commercial Land Lot

    11284 County Highway 17, Detroit Lakes, MN 56501

    $219,000

    High-visibility lot off US Highway 59 S with survey, fencing, well, and a completed approach.

    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 30,928 square feet of properties for sale, with an estimated market value of $65,000.

    Sale prices for commercial lots in Pelican Rapids, MN average $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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