605 1st Street E

Park Rapids, MN
$ 399,000 Beds 0 Baths 0 Sq 5,268
Monthly Estimate* How much can I afford?

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 Caf, 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.

Commercial

  • Price
  • $ 399,000
  • Lot Size
  • 0.34 Acres
  • Bedrooms
  • 0
  • Sqr Footage
  • 5,268
  • Full Bathrooms
  • 0
  • Year Built
  • 1960
  • Half Bathrooms
  • 0
  • City, Zip
  • Park Rapids
  • Taxes
  • 8812
  • County
  • HUBBARD
  • Style
  • Business
  • Area
  • Riverside Add
  • MLS#
  • 5673024
  • Zip
  • 56470
Listing Provided by: Wolff & Simon Real Estate

Features

General

Contingency Subject to Financing
High School District Park Rapids
Property SubType Business
Property Type Commercial Sale
Standard Status Active

Exterior Features

Lot Dimensions 100x140
Lot Size Area 0.34
Lot Size Units Acres

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Mankato, MN office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

10/12/2020 Listed $420,000
12/1/2020 5% - $399,000

Property vs Zip Code Average in 56470

Price
AVG $410K
$400K
Taxes
AVG $7,540
$8,812
Visits
AVG 46
11
Year Built
AVG 1966
1960
Walkscore
AVG 50
56
Data Provided by Walkscore ® not using MLS data

Map

Areas That We Cover

605 1st Street E Park Rapids, MN is a Single Family Home for sale at $399000 with 5268 sqft and a lot size of 0.34 Acres Acre(s). 605 1st Street E Park Rapids has 0 bedrooms, 0 baths and was built in 1960. The property's zip code is 56470 which is in Park Rapids, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.