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    407 Western Ave N Park Rapids, MN 56470

    For Sale
    $298,500

    Commercial - Park Rapids, MN

    Lot size:
    3.76 Acres
    Days on Market:
    95
    Last Refresh:
    Dec 14 at 5:06 am

    Property Features for 407 Western Ave N

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial,Residential-Single Family
    APN
    272202010
    Exterior features
    Metal
    Lot size
    3.76 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1995
    Roof type
    Metal
    Architectural style
    Other

    EXP REALTY (612) 751-9303 [email protected]

    Listing agent Michael Mead (612) 751-9303

    Listing date Sep 11, 2025

    MLS# 6787857 Listing URL

    Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Park Rapids Mixed-Use Opportunity

    This mixed-use property, situated just outside city limits and a couple minutes from town, presents a business opportunity. The 3.76-acre lot features trees and is located off a tar road with visibility. The main building provides 6,000 sq ft of workspace, 3-phase electric, multiple overhead doors, forced air heating with air conditioning, multiple office areas, a bathroom, and septic/well. A second 48'x40' cold storage building includes electric and a slab. The zoning allows for business or residential use, offering the option to build a home and have a business on site.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Park Rapids
    County
    Hubbard
    State
    Minnesota
    Longitude
    -95.080228
    Latitude
    46.926707

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    FAQs

    What type of property is this?
    Mixed-use property - 3.76 acres with workspace, cold storage, and residential potential.
    Where is this mixed-use property located?
    The property is located at 407 Western Ave N Park Rapids, MN.
    What is the asking price?
    The asking price for this property is $298,500.
    What are key features of this property?
    This property features: - Mixed-use property suitable for business or residential/business combination.; - **Large 6000 sq ft main building with multiple overhead doors and office areas.**; - 3.76 acres of treed land just outside city limits with excellent visibility off a tar road.
    (612) 751-9303
    Request Owner's contact information
    407 Western Ave N Park Rapids, MN 56470
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    Park Rapids, MN 56470
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    407 Western Ave N Park Rapids, MN 56470
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