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    201 1St St Park Rapids, MN 56470

    Sponsored
    For Lease
    $12 SF/Yr ($3,742 /Mo)

    Prime location, flexible suites, ample parking.

    Lot size:
    3,742 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional two-story office building, totaling 3,742 square feet, is ideally situated in Park Rapids, Minnesota, at 201 1st St E, 56470. The property boasts a highly desirable location in the heart of the business district, conveniently positioned near the intersection of Highways 34 and 71, ensuring high visibility and traffic flow. The building's proximity to the Fish Hook River and the Heartland State Trail offers picturesque views and access to foot traffic from nearby parks and trails. Currently, the entire 3,742 square feet is available for lease, offering flexible space options with a minimum divisible unit of 90 square feet and a maximum contiguous space of 1,650 square feet. The property is zoned for commercial use and features ample parking for tenants and their clients. This is a unique opportunity to establish or expand your business in a vibrant and accessible location within Hubbard County. The building consists of one structure with multiple tenancy options.

    Property Features for 201 1St St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,742 SF
    Total Rate
    3742

    Building Details

    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    1,650 SF
    Rate per SF
    $49

    HighLights

    • 90‑3,742 SF available for lease.
    • Lease rates start at $12.00/SF.
    • Suitable for retail, office, and service businesses.
    • Landlord‑occupied building.
    • Professionally managed and well‑maintained.
    • High‑visibility location.
    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 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
    -95.056522
    Latitude
    46.9224992

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    FAQs

    What type of property is this?
    Office Property / Space - Prime location, flexible suites, ample parking.
    Where is this office property / space located?
    The property is located at 201 1St St Park Rapids, MN.
    What is the lease rate?
    The lease rate is $49 SF/Yr.
    What are key features of this property?
    This property features: 90-3,742 SF available for lease.; Lease rates start at $12.00/SF.; Suitable for retail, office, and service businesses.
    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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