Renovated Apartment
For Sale
Contact for pricing
210 Park Ave, Park Rapids, MN 56470
40-unit apartment community with on-site coin-operated laundry and surface parking on 2.36 acres.
Property SizeContact for details
Lot Size2.36 Acres
Days on Market122
Property Features for 210 Park Ave
General Information
Standard status
Active
Lot size
2.36 Acres
Property subtype
Multifamily
Additional Details
Multifamily Units
40
Amenities
on-site coin-operated laundry
Building Details
Year Built
1927
Year Renovated
2019
Listing Agency:
Marcus & Millichap - Minneapolis
Listed By:
David Wallace · License #MN 40595833
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 4:48PM
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 Marcus & Millichap - Minneapolis
Investment Insights
Based on property information with market context.
Park Avenue Apartments is a 40-unit multifamily property that was originally built as a school in 1927 and later converted in 2008. The community underwent renovations in 2019 and includes a mix of studio through 5-bedroom units with one-bathroom and select 1.5-bathroom layouts.
The buildings sit on 2.36 acres and include on-site coin-operated laundry, along with ample surface lot parking. The property is located within the center of Park Rapids, Minnesota, and is near everyday amenities including Anytime Fitness (0.2 miles), Coborn’s Grocery (0.3 miles), and Park Rapids High School (0.6 miles).
The buildings sit on 2.36 acres and include on-site coin-operated laundry, along with ample surface lot parking. The property is located within the center of Park Rapids, Minnesota, and is near everyday amenities including Anytime Fitness (0.2 miles), Coborn’s Grocery (0.3 miles), and Park Rapids High School (0.6 miles).
Key Highlights
- 40‑unit apartment community on 2.36 acres in Park Rapids, MN
- Converted from a 1927 school; conversion completed in 2008 with renovations in 2019
- Unit mix includes eight studio/1‑bath averaging 589 SF and four 1‑bed/1‑bath averaging 775 SF
Property Analytics
Current Use
Lease Details
40
Residential units
Location Intelligence
Trade Area within ½ mile
816
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 - 40-unit apartment community with on-site coin-operated laundry and surface parking on 2.36 acres.
Where is this apartment building located?
The property is located at 210 Park Ave Park Rapids, MN.
What are key features of this property?
This property features: 40‑unit apartment community on 2.36 acres in Park Rapids, MN; Converted from a 1927 school; conversion completed in 2008 with renovations in 2019; Unit mix includes eight studio/1‑bath averaging 589 SF and four 1‑bed/1‑bath averaging 775 SF
