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    1303 Charles St Park Rapids, MN 56470

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    For Sale
    Contact for pricing

    Prime 1.17-acre commercial lot near Walmart.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.17-acre commercial land parcel, identified as Lot 1 and Parcel ID 324294100, presents a remarkable investment opportunity in Park Rapids, Minnesota. Strategically located on Charles Street, this property enjoys a high-visibility position near a Walmart Outlot, ensuring significant foot traffic and brand recognition. The permitted zoning is designated as Commercial Land & Buildings, offering flexibility for a wide range of commercial developments. The lot's size provides ample space for various projects, and its proximity to the established retail presence of Walmart enhances its appeal to potential businesses. An adjacent 0.99-acre lot (Parcel ID 324294200) is also available, providing the option to acquire a combined 2.16 acres for larger-scale development. The property benefits from its location near the residential population of Park Rapids, providing a ready-made customer base. Furthermore, its access to Highway 34, a major arterial connecting Detroit Lakes and Walker, ensures excellent accessibility and visibility for any commercial venture. This prime location and zoning make this an ideal site for businesses seeking high visibility and convenient access to a thriving community. The property is situated in Hubbard County, Minnesota, with a zip code of 56470. The coordinates are 46.9227961 latitude and -95.035224 longitude.

    Property Features for 1303 Charles St

    General Information

    Property type
    Land
    Lot Size
    50,965 SF

    HighLights

    • 1.17‑acre commercial lot (Lot 1, Parcel ID 324294100) in Park Rapids, MN.
    • Adjacent 0.99‑acre lot (Lot 2, Parcel ID 324294200) also available.
    • Combined acreage of 2.16 acres possible.
    • Commercial Land & Buildings zoning.
    • High‑visibility location near Walmart Outlot on Charles Street.
    • Excellent access to Highway 34, connecting Detroit Lakes and Walker.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Park Rapids
    County
    Hubbard
    State
    Minnesota
    Longitude
    -95.035224
    Latitude
    46.9227961

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    FAQs

    What type of property is this?
    Land - Prime 1.17-acre commercial lot near Walmart.
    Where is this land located?
    The property is located at 1303 Charles St Park Rapids, MN.
    What are key features of this property?
    This property features: 1.17-acre commercial lot (Lot 1, Parcel ID 324294100) in Park Rapids, MN.; Adjacent 0.99-acre lot (Lot 2, Parcel ID 324294200) also available.; Combined acreage of 2.16 acres possible.
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    1303 Charles St Park Rapids, MN 56470
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    Park Rapids, MN 56470
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1303 Charles St Park Rapids, MN 56470
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