Search
Restaurant and General Store Property
For Sale
$449,995

20470 State 226, Park Rapids, MN 56470

Commercial Sale, Park Rapids, MN

Property Size3,236 SF
Lot Size0.58 Acres
Price / SF$139.06
Days on Market111

Property Features for 20470 State 226

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Business/Commercial
Rooms Basement
Parking features Covered
Lot features Corner Lot
High school district Park Rapids
Directions From the Dorset corner (State 226 at Hwy 34): Go North (1) mile to property on right.
Standard status Active
APN 134140900
Lot size 0.58 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 1852

Utilities

Sewer type Private Sewer
Heating system Forced Air
Cooling system Central Air, Ductless, Wall Unit(s)
Water source Private, Well

Building Details

Year built 1920
Listing Agency: Affinity Real Estate Inc. · Realty Executives International
Listed By: Jack Brann
Added: Jun 23 Changed: Oct 8 Last Checked: Oct 11 at 12:06AM
MLS# 7098077

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This mixed-use property combines a restaurant and general store in a 3,236-square-foot, single-level building. The store occupies 1,380 square feet, while the restaurant spans 1,856 square feet. Indoor occupancy is rated for 85 people, with additional outdoor seating areas on the patio, porch, and deck. Business equipment, fixtures, and branding are included with the offering.

The property sits on 0.58 acres at 20470 State 226 in Park Rapids, Minnesota. Built in 1920, it has forced-air heating and central air, ductless, and wall-unit cooling. Water is supplied by a private well, and the property has a private sewer system. Covered parking is also listed among the property features.

Key Highlights

  • 3,236 square feet across a restaurant and general store
  • Restaurant area: 1,856 square feet; general store area: 1,380 square feet
  • Indoor occupancy rated for 85 people, plus patio, porch, and deck seating

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence
Open Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Repair Shop Grocery & Convenience Store Plumbing Service Hair Salon Skin Care Clinic

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

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

26
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Mixed-use property - Dining and convenience retail share a single-level building, with operating equipment, fixtures, and branding included.
Where is this mixed-use property located?
The property is located at 20470 State 226 Park Rapids, MN.
What is the asking price?
The asking price for this property is $449,995.
What are key features of this property?
This property features: 3,236 square feet across a restaurant and general store; Restaurant area: 1,856 square feet; general store area: 1,380 square feet; Indoor occupancy rated for 85 people, plus patio, porch, and deck seating
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved
Reason not saved — we won't ask again