Date
Details
Price
Change
Source
10/29/2025
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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1/25
$375,000
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1/25
Property Description
COMMERCIAL SPACE - DOWNTOWN PERHAM! Move-In Ready, Full of Character, and perfectly located in the Heart of Downtown Perham-just steps from Main Street. Spanning 2,555 SqFt, this Open-Concept Space is as Move-In-Ready as they come. Highlights include Hardwood Floors, Exposed Brick Walls, Large Display Windows, and 10-Foot Ceilings with beautifully Restored Pressed Tin Tiles. The layout features a Spacious Retail Area, Large Back Room, Private Office, and a Full Basement ideal for storage. Rear Alleyway Access provides added convenience for deliveries or staff entry. Whether you're launching a new venture, relocating an existing business, or looking for a Turnkey Investment, this property offers Endless Possibilities in one of Minnesota's most vibrant small-town settings.
Full Property Details
Full Property Details for 114 1st Ave S
General
- Price: $375,000
- Taxes: $3,170 (2025)
- Status: Active
- Type: Commercial
- Source: NorthStarMLS_RMLS
- MLS ID: 6786413
- Updated: 10/29/2025
- Added to Site: 98 day(s) ago
Interior
- Appliances: Gas Water Heater
Additional Information
- Amenities: Ceiling Fan(s), Hardwood Floors
Exterior
- Porch/Patio/Deck: Awning(s)
Parking
- Parking Features: On-Street Parking Only
Location
- County: Otter Tail
- Driving Directions: Head South on Main Street in Perham until 1st Ave, then turn right. The property will be the second building on the right side.
School Information
- School District: 549 - Perham-Dent
- High School District: Perham-Dent
Heating & Cooling
- Central air: Yes
- Cooling Type: Central Air
- Heating Type: Forced Air
- Heating Fuel: Electric, Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
- Utility Description: Electric Common, Heating Common, Hot Water Common
Structural Information
- Exterior Const.: Brick/Stone
- Basement: Yes
- Basement Desc.: Full, Storage Space, Unfinished
- Foundation Size: 2555
- Roof: Rubber
- Ceiling Height: 11-15
- Disability Access: Other
- Square Feet: 2,555
- Finished Down/Base.: 2,555 Sq. Ft.
- Current Bldg. Use: Commercial, Retail
- Year Built: 1896
Lot Features
- Lot Size (Acres): 0.06
- Lot Dimensions: 35 x 75
- Frontage: City Street, Sidewalks, Street Lights
- Potential Use: Professional Service, Retail, Diversified
- Zoning: Business/Commercial
Financial Considerations
- Operating Expenses: $3,272
- Tax Amount: $3,170
- Tax Year: 2025
- Owner Pays: Taxes
- Tenant Pays: All Utilities, Cable TV, Electricity, Gas, Repairs, Sewer, Trash Collection
- Pays Cable: Tenant Pays
- Pays Electric: Tenant Pays
- Pays Gas: Tenant Pays
- Pays Trash: Tenant Pays
Disclosures and Reports
- Legal Description: SECT-14 TWP-136 RANGE-039 ORIGINAL PLAT-PERHAM S 35' OF N 115' OF LOT 1 & S 33.11' OF N 115' OF E1/2 OF LOT 2 BLK 13
- Inclusions: Building, Fixture/Equipment, Land
- Property ID: 77000990085000
Listed by Jack Chivers Realty
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NMLS#: 1598647
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Schools
Schools serving 114 1st Ave S
School District:Perham-Dent Public School District
| Name | Grades | Distance |
|---|---|---|
Heart Of The Lake Elementary School 810 2nd Avenue Southwest, Perham, MN 56573 | PK-4 | 0.6 mi |
Perham Senior High School 800 Coney Street West, Perham, MN 56573 | 9-12 | 0.9 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 114 1st Ave S
Tax History
Tax History for 114 1st Ave S
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,272
4%
$144,400
14%
2023
$3,136
—
$126,400
13%
2023
$3,136
21%
$111,600
28%
2022
$2,588
-7%
$87,400
-3%
2020
$2,794
—
$90,200
1%
2019
$2,798
-9%
$89,000
-4%
2018
$3,060
26%
$92,700
16%
2017
$2,428
-11%
$79,800
-5%
2016
$2,716
—
$83,900
—
2015
$2,727
-7%
$83,600
-5%
2014
$2,928
—
$87,600
—
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 114 1st Ave S
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114 1st Ave S, Perham, MN 56573 (MLS# 6786413) is a Commercial property. 114 1st Ave S is currently listed for $375,000 and was received on October 29, 2025. Want to learn more about 114 1st Ave S? Do you have questions about finding other Commercial real estate for sale in Perham? You can browse all Perham real estate or contact a Coldwell Banker agent to request more information.