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Park Rapids Commercial Property For Sale
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201 1st St E, Park Rapids, MN 56470

Commercial property in Park Rapids, MN, with high visibility.

Property Size5,565 SF
Price / SF$83.56
Days on Market877

Property Features for 201 1st St E

General Information

Standard status Active
Size 5,565 SF
Property subtype Office

Building Details

Year Built 1975
Listing Agency: Brokers Commercial Property LLC
Listed By: Dan Sturlaugson · License #ND 7266
Source: Crexi
Added: Apr 11, 2024 Changed: Aug 14 Last Checked: Sep 2 at 5:47AM

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 Brokers Commercial Property LLC

Investment Insights

Based on property information with market context.

This commercial property is located in Park Rapids, Minnesota, beside the Fish Hook River and at the trailhead of the Heartland State Trail. The property is positioned in the heart of the Park Rapids business district and offers boat access. Situated near the corner of HWY 34 and HWY 71, the location benefits from high traffic flow and visibility. The property's location provides exposure from the trails and nearby parks. The property has a total size of 5565 square feet.

Key Highlights

  • Prime location at the trailhead of the Heartland State Trail and beside Fish Hook River.
  • High visibility due to its central location near the corner of HWY 34 and HWY 71.
  • Located in the heart of the Park Rapids business district.

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Building Supply Parking Lot & Garage Real Estate Agency Big Box & Wholesale Store Storage Facility Bakery

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

817
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

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
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Frequently Asked Questions

What type of property is this?
Office units - Commercial property in Park Rapids, MN, with high visibility.
Where is this office units located?
The property is located at 201 1st St E Park Rapids, MN.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Prime location at the trailhead of the Heartland State Trail and beside Fish Hook River.; High visibility due to its central location near the corner of HWY 34 and HWY 71.; Located in the heart of the Park Rapids business district.
(701) 893-2300 Call to check price and availability
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