Property profile

123 Otter Ave Parkers Prairie, MN 56361

OFF-MARKET
Other commercial real estate
Property ID
US46-1286776
8,512 SF 0.26 ac lot Built 1904
Individually Owned Free & Clear
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Property summary

AI-generated overview

This mixed-use building contains three rental units on the upper level and an additional space configured to support retail or other commercial uses. The building has a total size of approximately 5,400 square feet. The upper-level units are part of the existing layout, while the ground-level area is adaptable based on the building’s intended use. The property previously underwent cleanup following a water line leak, which included removal of all floor coverings and the removal of a non-essential wall, and fixtures and appliances associated with a prior cafe use were removed.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1904
Total area 8,512 SF
Lot 0.26 ac (11,326 SF)
APN 75000990270000
UPID US46-1286776

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Florist

Location

123 Otter Ave Parkers Prairie, MN 56361-4998
Parkers Prairie metro Census 961500 FERGUS FALLS, MN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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