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Call (763) 576-8286 for assistance
Call (763) 576-8286 for assistance
605 1st Street E Park Rapids
Contingent
Listed
$399,000
MLS# 5673024
Commercial / Business Opportunity
Built 1960
0.34 acres
Park Rapids schools
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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 Café, 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.
List Price:
$399,000
Price/sq ft:
None
Property Type:
Commercial
Listing Status:
Contingent
Contingency:
Subject to Financing
Property Style:
Business Opportunity
Year Built:
1960
City:
Park Rapids
County:
Hubbard
State:
MN
Zip Code:
56470
Interior
Building Fin Sq Ft:
5,268 ft²
Exterior
Heating System:
Space Heater
Foundation Size:
5,268 ft²
Handicap Accessible:
None
Exterior Material:
Log Siding
Garage Spaces:
0
Other Parking Spaces:
14
Lot
Acres:
0.34
Latitude:
46.92267499
Longitude:
-95.04994587
Lot Size Dim.:
100x140
Dev/Complex Name:
Riverside Add
Zoning:
Business/Commercial
Schools
School District:
309
District Phone:
218-237-6500
Expenses
Tenant Expenses:
None
Financial & Taxes
Tax Year:
2020
Annual Taxes:
$8,812
Assessment Pending:
Yes
Taxes w/ Assessments:
$8,812
Unit
Total Rooms in Unit 1:
12
Total Rooms in Unit 2:
1
Total Rooms in Unit 3:
0
Total Units:
13
Number of Efficiencies:
0
Miscellaneous
Current Use:
Hotel/Motel
Fuel System:
Natural Gas, Electric
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Heating Separate, Electric Common, Hot Water Common
Water System:
City Water/Connected
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Jeff
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TruStone
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Movement
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CrossCountry
Jeff Zajac
Area Sales Manager
TruStone Home Mortgage NMLS#373627
Jeff Zajac joined the Mortgage Lending Services team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.
763-270-4336
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Listing provided by RMLS,
courtesy of Wolff & Simon Real Estate.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.