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    201 1St St Park Rapids, MN 56470

    Sponsored
    For Sale
    $495,000

    Waterfront views, updated office, high traffic area.

    Property size:
    5,565 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 5,565 square foot office building, constructed in 1975, is located at 201 1st St E, Park Rapids, MN 56470. The asking price is $495,000, translating to $88.95 per square foot. The property boasts stunning waterfront views overlooking the Fish Hook River and is conveniently situated at the trailhead of the Heartland State Trail. This prime location offers exceptional visibility, being nestled in the heart of Park Rapids' business district near the intersection of Highway 34 and Highway 71. The high traffic flow from the central location and established retail community, combined with pedestrian traffic from the trails and nearby parks, ensures significant exposure for any business. The building offers a variety of spaces suitable for various business needs, making it an ideal location for growth and expansion. The property is categorized as Creative Office, Executive Office, and Traditional Office space, offering flexibility for diverse business types. This newly updated space presents a unique opportunity to establish or relocate your business in a desirable and highly visible location. The property provides boat access, adding to its unique appeal.

    Property Features for 201 1St St

    General Information

    Property type
    Office space
    Square Feet
    5,565 SF

    Building Details

    Year Built
    1975

    HighLights

    • $495,000 asking price for a 5,565 square foot office building.
    • Located at 201 1st St E, Park Rapids, MN 56470.
    • Building features waterfront views and is situated near the Heartland State Trail.
    • The property offers high visibility due to its location near HWY 34 and HWY 71.
    • Built in 1975, the building has recently been updated.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Park Rapids
    County
    Hubbard
    State
    Minnesota
    Longitude
    -95.056806615251
    Latitude
    46.922560200405

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    FAQs

    What type of property is this?
    Office space - Waterfront views, updated office, high traffic area.
    Where is this office space located?
    The property is located at 201 1St St Park Rapids, MN.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: $495,000 asking price for a 5,565 square foot office building.; Located at 201 1st St E, Park Rapids, MN 56470.; Building features waterfront views and is situated near the Heartland State Trail.
    Request Owner's contact information
    201 1St 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
    201 1St St Park Rapids, MN 56470
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