Multifamily

Parkers Prairie, MN Multifamily Properties for Sale

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Miltona, MN Carlos, MN Alexandria, MN
Mixed-Use Building with Rental Income
Updated: Sep 8, 2022
Mixed-Use Building with Rental Income

123 S Otter Avenue, Parkers Prairie, MN 56361

$145,000
5,400 sqft · 0.13 AC lot
Three rental units on the upper level provide income to offset the mortgage.
Large building suitable for retail or other commercial use.
Recent professional cleanup by Service Master due to a water line leak, creating a blank canvas for remodeling.
Significant cleanup work completed, valued at $30,000.
All remaining fixtures and appliances from the former cafe have been removed.
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Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 Active listings in Parkers Prairie, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Triplex with Shared Coin Laundry
Triplex with Shared Coin Laundry

321 6th Avenue E, Alexandria, MN 56308

$235,000
2,564 sqft · 0.14 AC lot

Triplex offering two-bedroom and one-bedroom units, plus shared coin-operated laundry and a detached double garage for parking or storage.

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Leased Duplex with Corner Lot
Leased Duplex with Corner Lot

322 5th Avenue E, Alexandria, MN 56308

$219,900
2,880 sqft · 0.23 AC lot

Two fully leased units on a corner lot with a 3-car garage, recent roof, updated windows, and shared rear laundry.

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Furnished Lakeside Trailer with Dock
Furnished Lakeside Trailer with Dock

2221 Reubens #29 Lane SW, Farwell, MN 56327

$99,900
24.00 AC lot

2010 trailer in WildRidge RV Park with a screened porch and an on-water dock setup for easy lake access.

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Waterfront RV Park Model with Dock
Waterfront RV Park Model with Dock

2221 Reubens Lane Sw #35, Farwell, MN 56327

$158,500

A well-maintained 2010 park model set directly on Lobster Lake with shoreline access, plus dock and boat lift.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Alexandria Lakeshore Property with Rental Opportunity
Alexandria Lakeshore Property with Rental Opportunity

5950 County Road 8 NW, Alexandria, MN 56308

$798,500
15.62 AC lot

Lakeshore property with rental cabins and RV sites near Alexandria.

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Land for Multi-Family Housing
Land for Multi-Family Housing

1610 7th Avenue E, Alexandria, MN 56308

$249,900
2.16 AC lot

2.16 acre lot zoned for multi-family housing development.

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Aitkin Lots & Land
Aitkin Lots & Land

L 3&4 B3 London Town, Aitkin, MN 56431

Contact for pricing
0.14 AC lot

Double lot in Sherwood Forest with shared amenities.

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Residential Land in Lakes Country
Residential Land in Lakes Country

30371 Old Sunset Drive, Laporte, MN 56461

$109,900
10.00 AC lot

10 acres near lakes with well, septic, and electric.

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Off-Market Properties in Parkers Prairie, MN

Consider similar Off-Market properties in Parkers Prairie, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

501 Park Ln, Unit 1
MOBILE HOME PARK, TRAILER PARK

501 Park Ln, Parkers Prairie, MN 56361-4728

Unit 1
Value Estimation by Request
4.59 AC lot
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Parkers Prairie, MN Multifamily Properties Market Trends and Statistics

Explore 2 multifamily properties for sale in Parkers Prairie, MN on our real estate platform. These investment opportunities span a total of 5,400 square feet of properties for sale, with an estimated market value of $145,000.

Sale prices for multifamily properties in Parkers Prairie, MN start at $145,000, averaging $145,000, and reaching up to $145,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 2,590
Population Growth (5Y) +13.0%
Median Household Income $69,896
College Educated 14.3%

Taxes & Financing

Tax Rate (average for all types) 2.01%
Property Tax per SF $14.30 per SF
Tax Rate vs County Average 0.26 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Otter Tail County

New Delisted

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