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Mixed-Use Property with Living Space
For Sale
$569,900

205 Main Avenue S, Park Rapids, MN 56470

Commercial Sale, Park Rapids, MN

Property SizeContact for details
Lot Size0.08 Acres
Days on Market11

Property Features for 205 Main Avenue S

General Information

Property type Commercial Sale
Property subtype Apartment
Zoning description Business/Commercial
Bedrooms 1
Bathrooms 1
Full bathrooms 1
Rooms Bedroom 1, Bathroom 1
Parking features On Street
Subdivision Park Rapids
High school district Park Rapids
Directions From 34/71 in Park Rapids, West on 34 to a left on Main Ave S. to property.
Standard status Active
APN 323704400
Lot size 0.08 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 6628

Utilities

Heating system Forced Air

Building Details

Year built 1938
Listing Agency: Wolff & Simon Real Estate
Listed By: Eric Wolff · License #20063186
Added: Oct 20 Changed: Oct 30 Last Checked: Oct 30 at 4:06AM
MLS# 7163216

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.

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This mixed-use property at 205 Main Avenue S in Park Rapids includes an upstairs living area with one bedroom and one bathroom. The building dates to 1938 and has undergone a renovation. Forced-air heating serves the property, and parking is available on the street.

The property occupies a 0.08-acre lot in Park Rapids, Minnesota. The upstairs space can be used by an owner or rented, as described in the property information.

Key Highlights

  • 0.08‑acre lot at 205 Main Avenue S in Park Rapids
  • Upstairs living area with one bedroom and one bathroom
  • Building constructed in 1938 and renovated

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Live-work space

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.

Location Intelligence

Trade Area within ½ mile

819
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 Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - An upstairs residential area supports a live-work arrangement, with forced-air heating and on-street parking.
Where is this mixed-use property located?
The property is located at 205 Main Avenue S Park Rapids, MN.
What is the asking price?
The asking price for this property is $569,900.
What are key features of this property?
This property features: 0.08‑acre lot at 205 Main Avenue S in Park Rapids; Upstairs living area with one bedroom and one bathroom; Building constructed in 1938 and renovated
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