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Angelic Enterprises 1107 1st St E 9,250 SF 100% Leased Flex Building Park Rapids, MN 56470 $520,000 ($56.22/SF)
Investment Highlights
- Located on a major highway in Park Rapids. Highway 34.
- Kitchen
- Large enough to be a great event center or large sporting goods
Executive Summary
This is a building for sale only. Does not include the business. Building was originally a organization club that hosted events. Includes a kitchen, 2 bar areas and several bathrooms. The business is relocating. Items that have been repair/improved Westside window and block replaced, new sheet rock in some areas that had water issues before roof was redone. Gutters added, every 3 months maintenance on cooling and heating system. All measurements to be verified by Buyers agent. Pre-qualified letter from lender with all offers. No lock box, seller wants showings to be done during business hours with respect to customers in the store.
The possibilities are endless with this 9250 sq ft building. Event center which offer a commercial kitchen, 2 bar areas, 3 his and her restrooms, along with a functionable basement for overflow. The large paved parking lot offers adequate parking for large events or business opportunities. Located on one of the most traveled State Hwy in Park Rapids.
The possibilities are endless with this 9250 sq ft building. Event center which offer a commercial kitchen, 2 bar areas, 3 his and her restrooms, along with a functionable basement for overflow. The large paved parking lot offers adequate parking for large events or business opportunities. Located on one of the most traveled State Hwy in Park Rapids.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$14,762
|
$1.60
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$14,762
|
$1.60
|
Financial Summary (Actual - 2025)
| Taxes | |
|---|---|
| Annual | $14,762 |
| Annual Per SF | $1.60 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $14,762 |
| Annual Per SF | $1.60 |
Property Facts
| Price | $520,000 | Rentable Building Area | 9,250 SF |
| Price Per SF | $56.22 | No. Stories | 2 |
| Sale Type | Investment or Owner User | Year Built | 1950 |
| Property Type | Flex | Opportunity Zone |
Yes
|
| Zoning | Commercial - Commercial showing. Located on one of the busiest travel Highway in Park Rapids. Highway 34. | ||
| Price | $520,000 |
| Price Per SF | $56.22 |
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Rentable Building Area | 9,250 SF |
| No. Stories | 2 |
| Year Built | 1950 |
| Opportunity Zone |
Yes |
| Zoning | Commercial - Commercial showing. Located on one of the busiest travel Highway in Park Rapids. Highway 34. |
Amenities
- Restaurant
- Reception
- Storage Space
- Air Conditioning
- Breakroom
- Cafe
- Awning
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Joann B Christlieb
- Retailer
- 9,250 SF
- -
- Full Service
- Sep 2026
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Joann B Christlieb | Retailer | 9,250 SF | - | Full Service | Sep 2026 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
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Angelic Enterprises | 1107 1st St E