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602 East First, Park Rapids, MN 56470

$237,500

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  • For Sale
  • Active
  • Business
  • 2,688 Sq. Ft.

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602 East First, Park Rapids, MN 56470View this property at 602 East First, Park Rapids, MN 56470
602 East FirstPark RapidsMN56470
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Excellent income investment. Prime Highway 34 East location with large double corner lot, room for expansion and excellent parking. Building recently updated with new roofing, flooring, paint, entrance doors, bathroom fixtures, LED lighting & on demand water heater. Excellent rental history with built in renters. Offices, conference room,reception areas plus. Building has built in renters for instant income. Also available is a Digital LED Commercial changeable sign for great Highway exposure. Seller is a licensed real estate agent in Minnesota.

Full Property Details for 602 East 1st

General

  • Price: $237,500
  • Taxes: $5,630 (2022)
  • Status: Active
  • Type: Business
  • MLS ID: 5237747
  • Updated: 4/18/2022
  • Added: 1, 084 day(s) ago

Parking

  • Garage: Yes
  • Garage Description: 14 x 26
  • Garage Spaces: 1
  • Parking Features: Open, Other

Location

  • County: Hubbard
  • Driving Directions: In Park Rapids East on Highway 34 just past the River Bridge on the South side of Highway

School Information

  • School District: 309 - Park Rapids
  • High School District: Park Rapids

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: Heating Common, Hot Water Common, Electric Common

Structural Information

  • Exterior Const.: Brick/Stone, Block
  • Foundation Size: 1344
  • Roof: Asphalt, Age 8 Years or Less
  • Disability Access: None
  • Square Feet: 2,688
  • Finished Down/Base.: 2,688 Sq. Ft.
  • Current Bldg. Use: Professional Service, Professional/Office
  • Year Built: 1995

Lot Features

  • Lot Dimensions: 100 x 140
  • Zoning: Business/Commercial

Financial Considerations

  • Tax Amount: $5,630
  • Tax Year: 2022

Disclosures and Reports

  • Buyer’s Brokerage Compensation: 2.25%
  • Legal Description: Lots 5 & 6 Blk 2 PRC Riverside EX Hwy R/W
  • Inclusions: Building, Land, Other
  • Property ID: 324401500

Listed by Lakeplace.com - Park Rapids

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NMLS#: 1598647

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Schools serving 602 East 1st

School District:Park Rapids Public School District
RatingNameGradesDistance
4
Century Elementary School
501 Helten Ave, Park Rapids, MN 56470
K-41.1 mi
3
Park Rapids Area Century Middle School
501 Helten Ave, Park Rapids, MN 56470
5-81.1 mi
5
Park Rapids Area High School
401 Huntsinger Ave, Park Rapids, MN 56470
9-120.7 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 602 East 1st Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/27/2021
Price Reduced
$237,500
-4.96%
MLS
10/16/2019
Price Reduced
$249,900
-7.1%
MLS
5/28/2019
Listed
$269,000
—
MLS
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 602 East 1st

Year
Property Taxes
Change
Tax Assessment
Change
2020
$6,530
—
$195,200
-4%
2020
$6,544
-2%
$202,300
4%
2018
$6,666
-17%
$195,000
-10%
2017
$8,056
—
$217,100
—
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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Community Info for 602 East 1st

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Listed by Lakeplace.com - Park Rapids

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602 East First, Park Rapids, MN 56470 (MLS# 5237747) is a Business property. 602 East First is currently listed for $237,500 and was received on May 28, 2019. Want to learn more about 602 East First? Do you have questions about finding other Business 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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