500 1st Street East

Park Rapids, MN 56470

$350,000
Price
—
Beds
6,382 Sq. Ft.
$55 / Sq. Ft.
6,382
Sq. Ft.
$55
per Sq. Ft.

Description

Great river view to this live/work property, 2019 traffic count estimate: 15,900 VPD. Picture window in main dining room has great view of the Fish Hook River! Over 6,000 total square feet. 4,900 sq main level with commercial kitchen, bar and two large dining areas. Mix use, with a 2-bedroom apartment above. Plenty of square footage with potential for bar, restaurant, retail and/or office space. Ample free parking. The restaurant needs updating.Great river view to this live/work property, 2019 traffic count estimate: 15,900 VPD. Picture window in main dining room has great view of the Fish Hook River! Over 6,000 total square feet. 4,900 sq main level with commercial kitchen, bar and two large dining areas. Mix use, with a 2-bedroom apartment above. Plenty of square footage with potential for bar, restaurant, retail and/or office space. Ample free parking. The restaurant needs updating.
  1. Listed by Edina Realty, Inc.

Property Details for 500 1st Street East

Subdivision Name
Riverside Add
View
River
Waterfront Features
River Front
Waterfront YN
Yes
Zoning Jurisdiction
Business/Commercial,Residential-Single Family
LISTING UPDATED: 08/22/2024 02:10 PM

Property Details for 500 1st Street East

StatusActive
MLS #6023499
Days on Compass920
Taxes$7,152 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1950
Lot Size0.40 AC / 17,424 SF
CountyHubbard County

Building Information for 500 1st Street East

Stories-Residences2Year Built1950Lot Size0.40 AC / 17,424 SF

Property Information for 500 1st Street East

Summary
Location and General Information
  • City Name: Park Rapids
  • County Or Parish: Hubbard
  • County: Hubbard-MN
  • Directions: From 71/34: Go East on Hwy 34 to Just Across The Fish Hook River Bridge. First two properties on right
  • Latitude: 46.9220975774
  • Longitude: -95.0515688188
  • Nbr of Acres: 1642
  • Lake Chain: N
  • Lake Name: Recreational Development
  • PLAT: 76
  • Map Coordinate: 999-A1
  • Map Coordinate Source: King's Street Atlas
  • City and Location: Park Rapids
  • City and Location Text: Park Rapids(MN)
  • Postal Code: 56470
  • State Or Province: MN
  • Complex Name: Fish Hook
  • Waterfront Footage: 29024200
  • Waterfront Frontage: 122
Taxes and HOA Information
  • Additional Parcels Description: 324403400
  • Additional Parcels: Yes
  • Parcel Number: 324403200
  • Tax Annual Amount: $7,152.00
  • Tax Legal Description: .28 AC PRC RIVERSIDE ADD 100' X 120' IN NW COR OF 340 IN D89 P320 & D103 P93 BLK 5
  • Tax Other Annual Assessment Amount: $1,030.00
  • Tax Year: 2023
  • Tax With Assessments: 8182.0000
School Information
  • High School District: 309 - Park Rapids
  • School District Number: 309
  • School District Phone: 218-237-6500
Property
Lot Information
  • Current Use: Commercial, Food Service, Restaurant, Retail, Bar/Tavern
  • Lot Features: Corner Lot, Tree Coverage - Light
  • Lot Size Area: 0.4
  • Lot Size Dimensions: 92x60,100x114
  • Lot Size Units: Acres
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Building Area Total: 6382.0
Property and Assessments
  • Age Of Property: 74
Utilities
  • Sewer: City Sewer/Connected
  • Utilities: Heating Separate
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: Grab Bars In Bathroom, No Stairs Internal, Partially Wheelchair
  • Foundation Area: 5300.0
  • Fuel: Electric,Natural Gas
  • Road Frontage Type: City Street
  • Road Responsibility: Public Maintained Road
  • Roof: Age Over 8 Years, Composition, Flat, Other
Interior Features
  • Basement Type: Full, Partially Finished
  • Cooling: Central Air
  • Com Kitchen Amen Desc: Prep Station,Walk-In Cooler/Freezer,Freezer,Fryer,Grill,Oven
  • Garage Dimensions: 0
  • Heating: Forced Air
  • Number of Refrigerator: Two
  • Basement YN: Yes

Property History for 500 1st Street East

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 500 1st Street East

Taxable ValueLand$61,800Additions$190,200Total$252,000
Tax Record2023$11,569 ($964 / month)
Home Facts
Total Finished SqFt7,244 SqFtAbove Grade Finished SqFt7,244 SqFtLot Size12,197 SqFtStyleRestaurantYear Built1950Year Renovated1985CountyHUBBARDAPN32.44.03200Fireplace TypeHas Fireplace

Schools near 500 1st Street East

This home is within Park Rapids Public School District.
Rating
School
Type
Grades
Distance
Park Rapids Area Century Elementary School
Public - PK to 4
Park Rapids Area Century Middle School
Public - 5 to 8
Park Rapids Senior High School
Public - 9 to 12
Headwaters Ed. Learning Program
Public - 9 to 12
Rating
School
Distance
Park Rapids Area Century Elementary School
PublicPK to 4

Park Rapids Area Century Middle School
Public5 to 8

Park Rapids Senior High School
Public9 to 12

Headwaters Ed. Learning Program
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 500 1st Street East, Park Rapids, MN 56470

500 1st Street East is a mixed use property for sale in Park Rapids, MN 56470. This property was listed for sale on July 11, 2021 by Edina Realty, Inc., it's currently listed at $350,000. This listing's school district is Park Rapids Public School District. Nearby schools include Park Rapids Area Century Elementary School, Park Rapids Area Century Middle School and Park Rapids Senior High School. 500 1st Street East is a 0-bed, 0-bath, 6,382 sqft mixed use property built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Edina Realty, Inc.

Based on information from one of the following Multiple Listing Services: Minneapolis Northstar, REALTORS Association of Northeast Wisconsin and Lake Superior Area REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Minneapolis Northstar and REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 08/22/2024 02:10 PM