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Mixed-Use Building With Apartments
For Sale
$219,000

122 Main Ave S, Park Rapids, MN 56470

Retail space is paired with two residential units and lower-level storage.

Property Size3,450 SF
Price / SF$63.48
Days on Market28

Property Features for 122 Main Ave S

General Information

Standard status Active
Size 3,450 SF

Site & Location

Corner Location Yes
Road Access Yes

Units

Unit Mix 1 x 2BR, 1 x 4BR
Multifamily Units 2

Amenities

laundry facilities

Building Details

Year Built 1910
Buildings 1
Listing Agency: Affinity Real Estate Inc.
Listed By: Candace Gulsvig
Source: Tayloronken
Added: Aug 2 Changed: Aug 28 Last Checked: Aug 29 at 12:18PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Affinity Real Estate Inc.

Investment Insights

Based on property information with market context.

This 3,450-square-foot mixed-use property combines retail space with two residential apartments. The commercial component includes a main-level retail area, bathroom facilities, and storage on the lower level. The building was constructed in 1910.

The residential units include a two-bedroom apartment on the main floor with a separate entrance and an updated four-bedroom apartment upstairs. Each apartment has its own laundry facilities and designated parking. The property is located at 122 Main Ave S in Park Rapids, Minnesota.

Key Highlights

  • 3,450 SF of rental space in a mixed‑use building
  • Main‑level retail area with bathroom facilities
  • Lower‑level storage included

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Parking Lot & Garage Bakery Electrical Service Real Estate Agency Carpet & Flooring Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

819
Businesses Nearby
57k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 65% Groceries 16% Shops & Services 15% Apparel 3%
McDonald's Dining
15,276 visits/mo 0.1 miles
Coborn's Groceries
9,230 visits/mo 0.2 miles
Burger King Dining
8,595 visits/mo 0.3 miles
Casey's General Store Shops & Services
7,588 visits/mo 0.3 miles
Scooter's Coffee Dining
7,507 visits/mo 0.1 miles

Demographics for 56470, MN

10,668
Population
7,478
Households
1.4
Avg Household Size
47
Median Age
30%
College-Educated
94%
High-School Grad
382.5 sq mi
ZIP Area
28
Density / Sq Mi
$68,351
Median Household Income
$37,044
Median Earnings
$929
Median Rent
$260,500
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Retail space is paired with two residential units and lower-level storage.
Where is this mixed-use property located?
The property is located at 122 Main Ave S Park Rapids, MN.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: 3,450 SF of rental space in a mixed‑use building; Main‑level retail area with bathroom facilities; Lower‑level storage included
More about this property
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