Date
Details
Price
Change
Source
4/01/2026
Listed
$375,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$375,000 Just Listed
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Property Description
No Vacancies! In the heart of Pelican Rapids sits this 5-unit Apartment Building, a great Investment opportunity in a town with plenty of jobs available. 3-two bed/one bath units and 2-one bed/one bath units. This is a well maintained property and new updates to Unit #1 are completed. Each unit has its own laundry and garage. Pelican Rapids is a thriving town located in the middle of Lakes Country in Otter Tail County.
Full Property Details
Full Property Details for 123 S Broadway
General
- Price: $375,000
- Taxes: $3,592 (2025)
- Status: Active
- Type: Commercial
- Source: NorthStarMLS_RMLS
- MLS ID: 7042345
- Updated: Today (4/1/2026)
- Added to Site: Today
Interior
- Appliances: Dryer, Range, Refrigerator, Washer
- Flooring: Carpet, Vinyl, Wood
Rooms
Bathrooms
- Total Bathrooms: 5
Bedrooms
- Total Bedrooms: 8
Parking
- Garage: Yes
- Garage Spaces: 5
- Parking Features: No Int Access to Dwelling, Tuckunder Garage
Location
- County: Otter Tail
- Township: Pelican Rapids
- Subdivision: Frazees 1st Add
- Driving Directions: On the corner of S Broadway(Hwy 59) 2nd Ave SE in Pelican Rapids, Minnesota
School Information
- School District: 1952 - Pelican Rapids
- High School District: Pelican Rapids
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Forced Air
- Heating Fuel: Electric, Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
- Utility Description: Electric Separate, Heating Separate, Hot Water Separate
Structural Information
- Exterior Const.: Brick, Concrete, Frame
- Basement: Yes
- Basement Desc.: Owner Access, Partial
- Foundation Size: 2684
- Roof: Composition, Metal
- Ceiling Height: 8-10
- Disability Access: None
- Square Feet: 6,468
- Finished Down/Base.: 6,468 Sq. Ft.
- Current Bldg. Use: Residential
- Year Built: 1900
Unit Information
- Units w/Refrigerators: 5
Lot Features
- Lot Size (Acres): 0.078
- Lot Dimensions: 25 x 134
- Frontage: City Street, Paved Streets, Sidewalks, Street Lights, Storm Sewer, Highway
- Potential Use: Office, Retail, Diversified
- Zoning: Business/Commercial
- Lot Description: Corner Lot
Financial Considerations
- Tax Amount: $3,592
- Tax Year: 2025
- Terms: Conventional, Cash
- Owner Pays: Insurance, Repairs, Sewer, Snow Removal, Trash Collection, Water
- Tenant Pays: Broadband, Cable TV, Electricity, Gas, Hot Water
- Pays Cable: Tenant Pays
- Pays Electric: Tenant Pays
- Pays Gas: Tenant Pays
- Pays Trash: Owner Pays
- Pays Water: Tenant Pays
Disclosures and Reports
- Legal Description: SECT-27 TWP-136 RANGE-043 FRAZEE'S ADDN LOT 15 BLK 10
- Inclusions: Building, Fixture/Equipment, Leases
- Property ID: 76000990450001
Listed by REMAX Lakes Region
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Listing agent
— 123 S Broadway —
REMAX Lakes Region
NMLS#: 1598647
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Schools
Schools serving 123 S Broadway
School District:Pelican Rapids Public School District
| Name | Grades | Distance |
|---|---|---|
Viking Elementary School, Pelican Rapids, MN 1 Viking Trail, Pelican Rapids, MN 56572 | PK-6 | 0.3 mi |
Pelican Rapids Secondary 310 South Broadway, Pelican Rapids, MN 56572 | 7-12 | 0.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 123 S Broadway
Tax History
Tax History for 123 S Broadway
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,944
48%
$264,500
-1%
2023
$3,344
-9%
$268,300
41%
2023
$3,664
-8%
$190,500
8%
2022
$3,974
7%
$176,700
—
2020
$3,730
18%
$176,700
15%
2019
$3,154
1%
$153,300
—
2018
$3,138
2%
$153,300
13%
2017
$3,086
3%
$136,000
—
2016
$2,982
-2%
$136,000
—
2015
$3,043
1%
$136,000
—
2014
$3,000
—
$136,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 123 S Broadway
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- Commercial
- Active
- 5,020Sq. Ft.
- 0.18Acres
Listed by Coldwell Banker Preferred Partners
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- Lots/Land
- Active
- Updated 1 day ago
- 4.6Acres
Listed by Counselor Realty Detroit Lakes
- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 4Total Baths
- 3,020Sq. Ft.
Listed by Coldwell Banker At The Lakes
- Single Family
- Active
- Updated 14 minutes ago
- 4Beds
- 2Total Baths
- 2,142Sq. Ft.
Listed by Andrew Yaggie Real Estate
- Single Family
- Active
- Updated 1 hour ago
- 5Beds
- 4Total Baths
- 3,390Sq. Ft.
Listed by RE/MAX Advantage Plus
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- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 3Total Baths
- 2,544Sq. Ft.
Listed by Century 21 Atwood
- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 2Total Baths
- 1,892Sq. Ft.
Listed by Counselor Realty Detroit Lakes
- Single Family
- Active
- Updated 7 hours ago
- 4Beds
- 2Total Baths
- 2,760Sq. Ft.
Listed by Andrew Yaggie Real Estate
- Single Family
- Active
- Updated 2 hours ago
- 3Beds
- 2Total Baths
- 1,200Sq. Ft.
Listed by Real (1531 Fgo)
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- Single Family
- Closed
- 4Beds
- 3Total Baths
- 3,246Sq. Ft.
Listed and Sold by RE/MAX Advantage Plus
- Single Family
- Closed
- 4Beds
- 2Total Baths
- 3,229Sq. Ft.
Listed by Keller Williams Realty Professionals
Sold by Century 21 Atwood
Sold by Century 21 Atwood
- Single Family
- Closed
- 3Beds
- 3Total Baths
- 2,634Sq. Ft.
Listed and Sold by ERA Viking Realty
- Single Family
- Closed
- 3Beds
- 2Total Baths
- 1,467Sq. Ft.
Listed by Keller Williams Realty Professionals
Sold by Coldwell Banker Preferred Partners
Sold by Coldwell Banker Preferred Partners
123 S Broadway, Pelican Rapids, MN 56572 (MLS# 7042345) is a Commercial property. 123 S Broadway is currently listed for $375,000 and was received on April 01, 2026. Want to learn more about 123 S Broadway? Do you have questions about finding other Commercial real estate for sale in Pelican Rapids? You can browse all Pelican Rapids real estate or contact a Coldwell Banker agent to request more information.