Mixed-Use Building with Retail
For Sale
Contact for pricing
Pending
123 Main Avenue South, Park Rapids, MN 56470
For sale mixed-use building featuring five commercial units and eight apartments on Park Rapids Main Avenue.
Property SizeContact for details
Days on Market140
Property Features for 123 Main Avenue South
General Information
Standard status
Pending
Property subtype
Special Purpose
Listing Agency:
Coldwell Banker Clack & Dennis Real Estate
Listed By:
Thomas Peterson · License #MN
Source:
Crexi
Added: Apr 13
Changed: Aug 21
Last Checked: Aug 29 at 5:54PM
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 Coldwell Banker Clack & Dennis Real Estate
Investment Insights
Based on property information with market context.
For sale mixed-use property with five commercial units and eight apartments. The seller describes the building as well established with an excellent rental history and stable, consistent rental income.
The property is positioned on Park Rapids Main Avenue’s first block, and directions are provided from Hwys. 71/34: travel west on Hwy 34 to Main Avenue, then south on Main Avenue to the property on the right.
This configuration supports multiple income streams within one building, combining street-level commercial space with residential units.
The property is positioned on Park Rapids Main Avenue’s first block, and directions are provided from Hwys. 71/34: travel west on Hwy 34 to Main Avenue, then south on Main Avenue to the property on the right.
This configuration supports multiple income streams within one building, combining street-level commercial space with residential units.
Key Highlights
- Mixed‑use building on Park Rapids Main Avenue with 5 commercial units and 8 apartments
- Established commercial property with an excellent rental history
- Stable and consistent rental income per the seller’s rental history
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
815
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - For sale mixed-use building featuring five commercial units and eight apartments on Park Rapids Main Avenue.
Where is this apartment building located?
The property is located at 123 Main Avenue South Park Rapids, MN.
What are key features of this property?
This property features: Mixed‑use building on Park Rapids Main Avenue with 5 commercial units and 8 apartments; Established commercial property with an excellent rental history; Stable and consistent rental income per the seller’s rental history
