Date
Details
Price
Change
Source
8/25/2026
Listed
$1,650,000
—
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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1/13
$1,650,000 Just Listed
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Property Description
Versatile retail or office space located in downtown Perham. Excellent visibility, easy access, strong traffic counts, and more! Modern space ideal for retailers, professional services, medical users or growing businesses seeking high-exposure address. Large windows and open floor plan to create a space perfect for your next move or expansion
Full Property Details
Full Property Details for 125 1st Ave S
General
- Price: $1,650,000
- Taxes: $16,776 (2026)
- Status: Active
- Type: Commercial
- Source: NorthStarMLS_RMLS
- MLS ID: 7132852
- Updated: 8/26/2026
- Added to Site: 3 day(s) ago
Parking
- Parking Features: On-Street Parking Only
Location
- County: Otter Tail
- Township: Perham
- Subdivision: Village/Perham
- Driving Directions: Use Google Maps
School Information
- School District: 549 - Perham-Dent
- High School District: Perham-Dent
Heating & Cooling
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
- Utility Description: Electric Common, Heating Common
Structural Information
- Foundation Size: 14000
- Disability Access: No Stairs External, No Stairs Internal
- Square Feet: 14,000
- Finished Down/Base.: 14,000 Sq. Ft.
- Current Bldg. Use: Commercial, Retail
- Year Built: 1979
Lot Features
- Lot Size (Acres): 0.344
- Lot Dimensions: Corner
- Potential Use: Office, Professional Service, Restaurant, Retail, Diversified, Medical/Dental
- Zoning: Business/Commercial
Financial Considerations
- Tax Amount: $16,776
- Tax Year: 2026
- Terms: Conventional, Cash
Disclosures and Reports
- Legal Description: SECT-14 TWP-136 RANGE-039 ORIGINAL PLAT-PERHAM L0T 5 & LOT 6 BLK 11
- Inclusions: Building
- Property ID: 77000990066000
Listed by HomeSmart Adventure Realty
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Schools
Schools serving 125 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 |
Prairie Wind Middle School 480 Coney Street West, Perham, MN 56573 | 5-8 | 0.7 mi |
Perham Senior High School 800 Coney Street West, Perham, MN 56573 | 9-12 | 0.9 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 125 1st Ave S
Tax History
Tax History for 125 1st Ave S
Year
Property Taxes
Change
Tax Assessment
Change
2026
$16,776
7%
$818,100
31%
2025
$15,610
22%
$624,700
8%
2023
$12,804
—
$576,800
14%
2023
$12,804
29%
$507,500
49%
2022
$9,934
-5%
$341,700
-4%
2020
$10,460
21%
$357,500
23%
2019
$8,660
-8%
$290,300
-5%
2018
$9,430
-1%
$305,000
17%
2017
$9,550
-8%
$260,500
-6%
2016
$10,424
4%
$276,900
—
2015
$9,996
-6%
$276,000
-6%
2014
$10,614
—
$292,200
—
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 125 1st Ave S
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125 1st Avenue S, Perham, MN 56573 (MLS# 7132852) is a Commercial property. 125 1st Avenue S is currently listed for $1,650,000 and was received on August 25, 2026. Want to learn more about 125 1st Avenue 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.