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209 1st St W
Park Rapids, MN 56470
Retail Property For Sale
Investment Highlights
- Prime downtown location at a main intersection in Park Rapids
- Large surface parking lot with multiple access points
- Located in established retail corridor near national and local retailers
- Excellent visibility with ~298 feet of frontage along County Road 34
Executive Summary
Former grocery store property available for sale at 209 1st St W in downtown Park Rapids. The site features a 35,108 SF commercial building positioned on a high-visibility corner with approximately 298 feet of frontage along Co Rd 34. The property benefits from excellent accessibility with full movement access, a large surface parking lot, and placement at a primary intersection within the city’s retail corridor. Park Rapids’ strong seasonal tourism and second-home market contribute to significantly increased population and traffic levels during peak months, enhancing retail demand and redevelopment potential.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
REO Sale
Property Type
Building Size
35,108 SF
Building Class
C
Year Built
2002
Price
$2,225,000
Price Per SF
$63.38
Percent Leased
Vacant
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.29
Lot Size
2.75 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial
Amenities
- Monument Signage
Property Taxes
| Parcel Number | 32.46.00800 | Improvements Assessment | $1,206,800 |
| Land Assessment | $365,000 | Total Assessment | $1,571,800 |
Property Taxes
Parcel Number
32.46.00800
Land Assessment
$365,000
Improvements Assessment
$1,206,800
Total Assessment
$1,571,800
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