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    Mixed-Use Building with Rental Income Title is generated by Realmo AI

    123 S Otter Avenue, Parkers Prairie, MN 56361

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    For Sale
    $145,000

    Large mixed-use building with three rental units for sale.

    Type:Commercial/Industrial
    Property size:
    5,400 SF
    Lot size:
    0.13 Acres
    Price / SF:
    $26/SF
    Added:
    Sep 8, 2022
    Days on Market:
    1398
    Last Refresh:
    Jul 5 at 9:31 am

    Property Features for 123 S Otter Avenue

    General Information

    Standard status
    Active
    Size
    5,400 SF
    Lot size
    0.13 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1904

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    Donald Rubner

    Listing office Northstar Lakes Realty

    Listing date Sep 8, 2022

    Source Exitrealty

    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 Northstar Lakes Realty

    HighLights

    • Three rental units on the upper level provide income to offset the mortgage.
    • Large building suitable for retail or other commercial use.
    • Recent professional cleanup by Service Master due to a water line leak, creating a blank canvas for remodeling.
    • Significant cleanup work completed, valued at $30,000.
    • All remaining fixtures and appliances from the former cafe have been removed.
    • Building constructed in 1904.

    Overview

    This is a mixed-use building with three rental units on the upper level. All units are currently rented. The building offers potential for retail or other uses. Recent cleanup work due to a water line leak included the removal of all floor coverings and a non-essential wall. All remaining fixtures and appliances from the cafe have been removed. The property has a size of 5400 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Hotel & Motel Auto Parts Store Kitchen & Bath Showroom HVAC Service Grocery & Convenience Store Bar & Pub Garden Center Discount Store Furniture & Home Goods Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Parkers Prairie
    County
    Otter Tail
    State
    Minnesota
    Longitude
    -95.3286288
    Latitude
    46.1541815

    FAQs

    What type of property is this?
    Mixed-use property - Large mixed-use building with three rental units for sale.
    Where is this mixed-use property located?
    The property is located at 123 S Otter Avenue Parkers Prairie, MN.
    What is the asking price?
    The asking price for this property is $145,000.
    What are key features of this property?
    This property features: Three rental units on the upper level provide income to offset the mortgage.; Large building suitable for retail or other commercial use.; Recent professional cleanup by Service Master due to a water line leak, creating a blank canvas for remodeling.
    More about this property
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