$350,000

500 1st Street E, Park Rapids, MN 56470

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500 1st Street E Park Rapids MN 56470 - Fish Hook 6023499 image1
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$350,000

Courtesy: Edina Realty, Inc. Listed by: Edina Realty, Inc.

500 1st Street E Park Rapids, MN 56470 - Fish Hook

For Sale MLS# 6023499

6,382 sq ftCommercial

Courtesy: Edina Realty, Inc. Listed by: Edina Realty, Inc.

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Data current as of 15/04/2025 01:30:29

Details for 500 1st Street E

MLS# 6023499

Description for 500 1st Street E, Park Rapids, MN, 56470 - Fish Hook


Great river view to this live/work property, 2019 traffic count estimate: 15,900 VPD. Picture window in main dining room has great view of the Fish Hook River! Over 6,000 total square feet. 4,900 sq main level with commercial kitchen, bar and two large dining areas. Mix use, with a 2-bedroom apartment above. Plenty of square footage with potential for bar, restaurant, retail and/or office space. Ample free parking. The restaurant needs updating.

Listing Information


Property Type: Commercial, Apartments and Retail

Status: Active

Bedrooms: 1

Lot Size: 0.40 Acres

Square Feet: 6,382 sq ft

Year Built: 1950

Foundation: 5,300 sq ft

Subdivision: Riverside Add

Number Of Units Total: 2

Current Use: Commercial,Food Service,Restaurant,Retail,Tavern/Lounge

County: Hubbard

Days On Market: 1148

Construction Status: Previously Owned

School Information


District: 309 - Park Rapids

Interior Features


Flooring: Carpet,Vinyl/Linoleum

Basement: Partial Finished, Full

Accessibility: Grab Bars In Bathroom, No Stairs Internal, Partially Wheelchair

Additional Interior Features: 220 Volt

Utilities


Water: City Water/Connected

Sewer: City Sewer/Connected

Other Utilities: Heating Separate

Cooling: Central

Heating: Electric, Forced Air, Natural Gas

Exterior / Lot Features


Open Parking: 20

Parking Description: Uncovered/Open, Driveway - Asphalt, Garage Dimensions - 0

Exterior: Log Siding

Roof: Composition, Age Over 8 Years, Flat, Other

Lot View: River

Lot Dimensions: 92x60,100x114

Zoning: Business/Commercial,Residential-Single Family

Additional Exterior/Lot Features: Corner Lot, Tree Coverage - Light, Land Inclusions - Building,Land, Road Frontage - City

Waterfront Details


Standard Water Body: Fish Hook

DNR Lake ID: 29024200

Water Front Features: River Front

Water Frontage Length: 122 Ft.

Lake Acres: 1,643

Lake Depth: 76 Ft.

Driving Directions


From 71/34: Go East on Hwy 34 to Just Across The Fish Hook River Bridge. First two properties on right

Financial Considerations


Other Annual Tax: $1,030

Tenant Pays: Electric,Fuel,Insurance,Janitorial,Maintenance/Repair,Snow,Taxes,Trash

Tax/Property ID: 324403200

Tax Amount: 7152

Tax Year: 2023

HomeStead Description: Non-Homesteaded

Price Changes


$345,000 Original Price
$350,000 Current Price
+$5,000Total Change
Date Price Change
07/22/2022 02.47 PM $350,000+$5,000
07/12/2021 10.37 AM $345,000
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Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.

Sales History

Date Price Change
Currently not available.

Tax Summary

Tax Year Estimated Market Value Total Tax
Currently not available.

Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

Schools nearby 500 1st Street E

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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.

SchoolDigger® Rating

The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.

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