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$699,000 -$20,900 (-2.9%) Price Reduced

  • For Sale
  • Active
  • Commercial
  • 5,192 Sq. Ft.
  • 0.21 Acres
  • Updated 9 hours ago
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On the edge of Hwy 10 in Detroit Lakes, you will find this commercial building ready for a new owner. Main floor has 3 units with studio options, and lower level is a full open area for retail or anything you can dream up. High traffic count with great exposure, it is perfect for retail, office space or many other options. The building is mostly full with great rental income. On street parking or parking in the rear of the building. Entire building is in excellent condition. Owner operates a salon and has agreed to stay on as a tenant if new owner wishes. Call for your appointment today!

Full Property Details for 514 Summit Ave

General

  • Price: $699,000
  • Taxes: $7,238 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6815969
  • Updated: 1/26/2026
  • Added to Site: 78 day(s) ago

Interior

  • Flooring: Carpet, Concrete Slab, Engineered Hardwood

Parking

  • Parking Features: Asphalt, On-Street Parking Only, Parking Lot

Location

  • County: Becker
  • Township: Detroit Lakes
  • Subdivision: Detroit Lakes
  • Driving Directions: In Detroit Lakes, travel to 514 Summit Avenue.

School Information

  • School District: 1074 - Detroit Lakes
  • High School District: Detroit Lakes

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Common

Structural Information

  • Exterior Const.: Frame
  • Basement: Yes
  • Basement Desc.: Concrete
  • Foundation Size: 2530
  • Roof: Asphalt
  • Disability Access: Partially Wheelchair
  • Square Feet: 5,192
  • Finished Down/Base.: 5,192 Sq. Ft.
  • Current Bldg. Use: Beauty/Barber Shop, Commercial, Professional Service, Retail
  • Year Built: 1990

Lot Features

  • Lot Size (Acres): 0.21
  • Lot Dimensions: .21 Acres
  • Frontage: Street Lights, State Road
  • Potential Use: Office, Professional Service, Retail, Diversified, Income
  • Zoning: Business/Commercial
  • Lot Description: Irregular Lot

Financial Considerations

  • Tax Amount: $7,238
  • Tax Year: 2025
  • Terms: Conventional, Cash
  • Owner Pays: All Utilities, Broadband, Common Area Maintenance, Fuel, Repairs, Management

Disclosures and Reports

  • Legal Description: O T OF DETROIT LAKES BLOCK 037 PT LOTS 5-12 BEG MOST NLY COR LOT 5 TH SE 235.58' TO NE COR BLK 37, TH S 32.21', W 25', NWLY 82.85' TO SELY COR LOT 8, TH NW 141.83' TO W LN LOT 5, TH N 21.25' TO POB
  • Inclusions: Building, Land
  • Property ID: 491982000

Listed by Coldwell Banker At The Lakes

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— 514 Summit Ave —

  • Coldwell Banker At The Lakes

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 514 Summit Ave

School District:Detroit Lakes Public School District
NameGradesDistance
Detroit Lakes Senior High School
1301 Roosevelt Avenue, Detroit Lakes, MN 56501
9-121.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 514 Summit Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/26/2026
Price Reduced
$699,000
-2.9%
MLS
12/29/2025
Price Reduced
$719,900
-4%
MLS
12/03/2025
Price Reduced
$749,900
-6.25%
MLS
11/10/2025
Listed
$799,900
299.95%
MLS
5/22/2013
Sold
$200,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 514 Summit Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,238
-3%
$365,700
-1%
2024
$7,444
1%
$370,500
7%
2023
$7,406
—
$346,100
6%
2023
$7,406
-7%
$327,200
-2%
2021
$7,962
-3%
$332,900
-1%
2020
$8,238
1%
$336,500
10%
2019
$8,188
16%
$306,600
—
2018
$7,078
-3%
$306,600
10%
2017
$7,294
—
$278,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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514 Summit Avenue, Detroit Lakes, MN 56501 (MLS# 6815969) is a Commercial property. 514 Summit Avenue is currently listed for $699,000 and was received on November 10, 2025. Want to learn more about 514 Summit Avenue? Do you have questions about finding other Commercial real estate for sale in Detroit Lakes? You can browse all Detroit Lakes real estate or contact a Coldwell Banker agent to request more information.

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