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    605 1st Street E

    Park Rapids, MN 56470
    • $420,000
    • STATUS: Active
    • ON SITE: 42 days
    • MLS #: 20-32080
    $420,000
    • 0
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,268
      SQFT
    • $80
      $/SQFT
    Type:
    Commercial
    Built:
    1960
    County:

    School Ratings & Info

    School District:

    Description

    Park Rapids Investment Opportunity The Rustic Inn offers an abundance of opportunities. Whether you are looking for Short Term or Long Term Rentals, Commercial Lease Potential, or an Owner/Operated Business this properties for you. This property features 12 Units and a Cafe, giving you 13 sources of income. Just Minutes from downtown Park Rapids, a Tourism destination location were tourists come to enjoy Hiking, Biking, Fishing, Downtown Shops, Itasca State Park and many other area Attractions. Come enjoy what the Northwoods has to offer. Daily rentals of $69/night; $99/weekend in the winter. Daily rentals of $89-$99/night $119/weekend in the summer. Monthly rentals $750/month.

    Monthly Payment Calculator



    © 2020 Lake Region Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or FM Team - Keller Williams Inspire Realty. Data last updated: 2020-11-23T23:45:10.997.
    www.fmrealestateteam.com/homes/110941820
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    605 1st Street E Park Rapids, MN 56470

    • Price: $420,000
    • Status: Active
    • MLS #: 20-32080
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    5,268
    SQFT
    $80
    $/SQFT
    1960
    Built
    County:
    Hubbard
    School District:
    Park Rapids #309
    Property Description
    Park Rapids Investment Opportunity The Rustic Inn offers an abundance of opportunities. Whether you are looking for Short Term or Long Term Rentals, Commercial Lease Potential, or an Owner/Operated Business this properties for you. This property features 12 Units and a Cafe, giving you 13 sources of income. Just Minutes from downtown Park Rapids, a Tourism destination location were tourists come to enjoy Hiking, Biking, Fishing, Downtown Shops, Itasca State Park and many other area Attractions. Come enjoy what the Northwoods has to offer. Daily rentals of $69/night; $99/weekend in the winter. Daily rentals of $89-$99/night $119/weekend in the summer. Monthly rentals $750/month.
    Exterior Features

    Approximate Lot Dimensions 100X140 Construction Frame/Wood Exterior Other Foundation Size 5268 Overhead Doors 0 Parking Characteristics Driveway - Asphalt Parking Spaces 14.00 Road Frontage City Street Roof Asphalt Shingles Waterfront No Waterfront Name None

    Interior Features

    Air Conditioning None Current Use Hotel/Motel Heat Space/Wall Heater

    Property Features

    Assessments Yes Commercial Type Business For Sale Or Lease For Sale Fuel ElectricNatural Gas Lender Owned No Owner Is Agent No Sale Includes BuildingBusinessFixture/EquipmentLand Tax Amount 8812.00 Tax Classification Commercial Tax Year 2020 Taxes With Assessments 8812.00 Terms CashConventional Water City

    Listing information © 2020 Lake Region Association of Realtors MLS
    Listing provided courtesy of Brian Halik of Wolff & Simon Real Estate.



    © 2020 Lake Region Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or FM Team - Keller Williams Inspire Realty. Data last updated: 2020-11-23T23:45:10.997.
     
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