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$469,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • 0.8 Acres
  • Updated 3 hours ago
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Excellent business opportunity in Park Rapids: With over 3,000 sq. ft. of building space and large parking lot. This property is located in a prime location with high visibility on Highway 34.

Full Property Details for 109 1st St E

General

  • Price: $469,000
  • Taxes: $12,148 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7027254
  • Updated: Today (2/26/2026)
  • Added to Site: Today

Parking

  • Parking Features: Asphalt, Parking Lot

Location

  • County: Hubbard
  • Township: Park Rapids
  • Subdivision: G H Rices Add/Pk Rapids
  • Driving Directions: From Park Rapids Highway 71 and Highway 34, head East on Highway 34 to property on North side of road.

School Information

  • School District: 1384 - Park Rapids
  • High School District: Park Rapids

Heating & Cooling

  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Separate, Heating Separate, Hot Water Separate

Structural Information

  • Foundation Size: 3036
  • Disability Access: Fully Wheelchair
  • Current Bldg. Use: Restaurant
  • Year Built: 1991

Lot Features

  • Lot Size (Acres): 0.8
  • Lot Dimensions: 160 x 310
  • Zoning: Business/Commercial

Financial Considerations

  • Tax Amount: $12,148
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: .48 AC PRC G H RICE'S ADD LOT 1 BLK 2 EX N90 & EX W4
  • Inclusions: Building, Fixture/Equipment, Land
  • Property ID: 324100300

Listed by Wolff & Simon Real Estate

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Listing agents

— 109 1st St E —

  • Wolff & Simon Real Estate

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NMLS#: 1598647

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

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

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 109 1st St E

School District:Park Rapids Public School District
NameGradesDistance
Park Rapids Area Century Elementary School
501 Helten Avenue, Park Rapids, MN 56470
PK-40.8 mi
Park Rapids Area Century Middle School
501 Helten Avenue, Park Rapids, MN 56470
5-80.8 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 109 1st St E Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/26/2026
Listed
$469,000
-78.23%
MLS
8/06/2020
Sold
$2,154,730
—
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 109 1st St E

Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,724
-44%
$57,900
14%
2023
$3,060
97%
$50,600
—
2022
$1,550
-14%
$50,700
-2%
2021
$1,806
1%
$51,900
—
2020
$1,788
-3%
$51,900
1%
2020
$1,852
-3%
$51,400
—
2018
$1,914
-3%
$51,400
-4%
2017
$1,968
—
$53,400
—
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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NMLS#: 1598647

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Listed by Wolff & Simon Real Estate

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109 1st Street E, Park Rapids, MN 56470 (MLS# 7027254) is a Commercial property. 109 1st Street E is currently listed for $469,000 and was received on February 26, 2026. Want to learn more about 109 1st Street E? Do you have questions about finding other Commercial real estate for sale in Park Rapids? You can browse all Park Rapids real estate or contact a Coldwell Banker agent to request more information.

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