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MLS# 5673024
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


    Building Fin Sq Ft: 5,268 ft²


    Heating System: Space Heater
    Foundation Size: 5,268 ft²
    Handicap Accessible: None
    Exterior Material: Log Siding
    Garage Spaces: 0
    Other Parking Spaces: 14


    Acres: 0.34
    Latitude: 46.92267499
    Longitude: -95.04994587
    Lot Size Dim.: 100x140
    Dev/Complex Name: Riverside Add
    Zoning: Business/Commercial


    School District: 309
    District Phone: 218-237-6500


    Tenant Expenses: None

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $8,812
    Assessment Pending: Yes
    Taxes w/ Assessments: $8,812


    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


    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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    Get to know our Home Mortgage Professionals

    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.

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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 and should be verified by the buyer.