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    500 1St St E Park Rapids, MN 56470

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    For Sale
    $350,000

    Mixed-use property with commercial space and apartment, river views.

    Property size:
    6,382 SF
    Lot size:
    0.40 Acres

    Property Features for 500 1St St E

    General Information

    Size
    6,382 SF
    Lot size
    0.40 Acres

    Source: Edina Realty Inc - Minnetonka Agent Ed J Hanlon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Live/Work Property with River View

    This live/work property offers a river view and an estimated traffic count of 15,900 vehicles per day. The building has a total of over 6,000 square feet, with 4,900 square feet on the main level. The main level features a commercial kitchen, a bar, and two large dining areas. The property is of mixed use, with a 2-bedroom apartment located above the commercial space. The property has potential for various uses, including a bar, restaurant, retail space, and office space. Ample free parking is available. A picture window in the main dining room offers a view of the Fish Hook River. The restaurant space needs updating. The property is located on the Fish Hook River.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

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

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

    Similar Places Nearby

    Tasty creations by sandra

    Location Insight

    • Map
    • Local Demand
    City
    Park Rapids
    County
    Hubbard
    State
    Minnesota
    Longitude
    -95.051643
    Latitude
    46.921967

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    FAQs

    What type of property is this?
    Restaurant - Mixed-use property with commercial space and apartment, river views.
    Where is this restaurant located?
    The property is located at 500 1St St E Park Rapids, MN.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Great river view of the Fish Hook River.; - Over 6,000 total square feet with 4,900 sq ft on the main level.; - Live/work property with a 2-bedroom apartment above commercial space.
    (612) 369-2287
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    500 1St St E 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
    500 1St St E Park Rapids, MN 56470
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