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605 1st ST E Park Rapids, MN 56470
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Key Details
Sold Price $350,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Subdivision Riverside Add
MLS Listing ID 5673024
Sold Date 01/29/21
Year Built 1960
Annual Tax Amount $8,812
Tax Year 2020
Contingent None
Lot Size 0.340 Acres
Acres 0.34
Lot Dimensions 100x140
Property Sub-Type Business
Property 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.
Location
State MN
County Hubbard
Zoning Business/Commercial
Interior
Heating Space Heater
Fireplace No
Exterior
Parking Features Paved
Utilities Available Electric Common, Heating Separate, Hot Water Common
Present Use Hotel/Motel
Building
Foundation 5268
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Log Siding
Schools
School District Park Rapids
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