123 S Otter Avenue, Parkers Prairie, MN 56361 (MLS# 7149709)

123 S Otter Avenue, Parkers Prairie, MN 56361

$145,000
Property Type: Commercial Bedrooms: 6 Baths: 3 Lot Size (sq. ft.): 5,663 Status: Active
Current Price: $145,000 List Date: 9/25/2026 Last Modified: 9/25/2026

Overview

Description

Commercial building in Parkers Prairie. Building was former RK's Cafe. All cafe equipment has been removed. Large spacious areas for whatever someone can dream up

Listing Details MLS# 7149709

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Waterfront YN
No
Year Built
1904
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
3104
For Sale or Lease
For Sale
Acres
0.13
Lot Dimensions
130x90
Assessment Pending
No

Property Features

Accessible: None CMU Style: Apartments and Retail Construction Status: Previously Owned Current Use: Commercial Exterior: Brick/Stone Foundation: Permanent; Stone Fuel: Electric; Propane Heating: Baseboard; Forced Air Loan Terms: Cash Lock Box Type: Combo On Site Utilities: Electric Separate Owner Pays: Insurance; Maintenance/Repair; Sewer; Taxes; Water Potential Use: Rest/Lounge; Retail Sewer: City Sewer/Connected Stories: Two Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
145000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
123
Street Direction Prefix
S
Street Name
Otter
Street Suffix
Avenue
Postal City
Parkers Prairie
County
Otter Tail
State
MN
Zip Code
56361
Complex/Dev/Subdivision
Lakeview Add

Assessments

Tax With Assessments
2688

Building Information

Building Finished SqFt
5400

More Information

Income and Expenses

Annual Gross Expenses
3000
Annual Gross Income
17400
Annual Net Income
14400

Lease Details

Land Leased
Not Applicable

Lock Box Type

Lock Box Source
ALEX

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
37
Section#
15
Township#
131

Sale Options

Sale Includes
Building, Leases

Unit 1

Unit Number
Yes
Monthly Rent
500
Full Baths
Yes
Total Bathrooms
Yes
Total Bedrooms
2
Total Rooms
5
Level
2nd Level
Leased?
Yes
Lease Expiration Date
2027-09-25
No. of 1 Bedroom Units
Yes

Unit 2

No. of 2 Bedroom Units
2
Full Baths
Yes
Lease Expiration Date
2027-09-25
Leased?
Yes
Level
2nd Level
Monthly Rent
500
Total Bathrooms
Yes
Total Bedrooms
2
Total Rooms
5
Unit Number
2

Unit 3

Full Baths
Yes
Lease Expiration Date
2027-09-25
Leased?
Yes
Level
2nd Level
Monthly Rent
450
Total Bathrooms
Yes
Total Bedrooms
2
Total Rooms
4
Unit Number
3

Unit Details

Total Units
3
IDX
Listing Office: Northstar Lakes Realty
Last Updated: September - 25 - 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.