122 Main Avenue S, Park Rapids, MN 56470 (MLS# 7089335)

122 Main Avenue S, Park Rapids, MN 56470

$219,000
Property Type: Commercial Bedrooms: 5 Baths: 5 Square Footage: 3,450 Lot Size (sq. ft.): 3,485 Status: Active
Current Price: $219,000 List Date: 6/27/2026 Last Modified: 7/06/2026

Overview

Description

Investment Opportunity with this Park Rapids unique and nostalgic commercial property on the corner of Main Street and 2nd Ave, which boasts 3,450 sq feet of rental space and great parking. As you enter the main level you will feel the care and beauty that this building possesses. Rental history has been great with retail on the main level, bathroom facilities and lower-level storage. There are 2 apartments which are rented and have a great history for occupancy. The main floor bedroom apartment has 2 bedrooms and separate entry and there is an updated 4 bedroom on the upper level. Both of the apartments have laundry facilities and designated parking. Income producing and so much potential. Call today for your private showing.

Listing Details MLS# 7089335

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
2
Owner Occupied
No
Waterfront YN
No
Year Built
1910
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
2300
Power Company
Minnesota Power
For Sale or Lease
For Sale
Acres
0.08
Lot Dimensions
25x46
Assessment Pending
No

Property Features

Accessible: None Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer Basement: Partial; Partially Finished; Storage Space CMU Style: Apartments and Retail; Business Opportunity; Common Wall Construction Materials: Frame; Stone Construction Status: Previously Owned Current Use: Commercial; Residential Exterior: Brick/Stone; Cedar; Stucco Fencing: Wood Flooring: Carpet; Concrete Slab; Wood Foundation: Poured Concrete; Stone; Wood Fuel: Electric; Natural Gas Heating: Baseboard; Boiler; Hot Water; Zoned Loan Terms: Cash; Conventional Location Description: Downtown Lot Description: Corner Lot Miscellaneous Information: 2+ Lavatories; 220 Volt; Alarms; Alley; Exterior Lighting; Kitchen Facilities On Site Utilities: Electric Common; Heating Common; Hot Water Common Owner Pays: All Utilities; Fuel; Insurance; Maintenance/Repair; Taxes; Trash Collection Parking Characteristics: Assigned Pool Description: None Rent Rate per Foot: Per Month Road Frontage: City Street; Curbs; Paved Streets; Sidewalks; Storm Sewer; Street Lights Road Responsibility: Public Maintained Road Roof: Age Over 8 Years; Asphalt Shingles; Pitched Sewer: City Sewer/Connected Stories: Two Wall Description: Drywall Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
219000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
122
Street Name
Main
Street Suffix
Avenue
Street Direction Suffix
S
Postal City
Park Rapids
County
Hubbard
State
MN
Zip Code
56470
Complex/Dev/Subdivision
Park Rapids

Assessments

Assessment Balance
797
Tax With Assessments
3760

Basement

Foundation Dimensions
25x46

More Information

Building Information

Building Finished SqFt
2300
Building SqFt
3450
Ceiling Height
8-10

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
35
Section#
26
Township#
140

Sale Options

Sale Includes
Building, Fixture/Equipment, Leases

Unit 1

Unit Number
Yes
Half Baths
2
Total Bathrooms
2
Total Rooms
Yes
Level
Main Level
Leased?
No

Unit 2

No. of 2 Bedroom Units
2
Full Baths
Yes
Lease Expiration Date
2026-12-31
Leased?
Yes
Level
Main Level
Monthly Rent
950
Three-Quarter Baths
Yes
Total Bathrooms
2
Total Bedrooms
2
Total Rooms
3
Unit Number
2

Unit 3

Full Baths
Yes
Lease Expiration Date
2026-12-31
Leased?
Yes
Level
2nd Level
Monthly Rent
1200
Total Bathrooms
Yes
Total Bedrooms
3
Total Rooms
5
Unit Number
3

Unit Details

Total Units
3
IDX
Listing Office: Affinity Real Estate Inc.
Last Updated: July - 06 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.