514 Summit Avenue, Detroit Lakes, MN 56501 (MLS# 6815969)

514 Summit Avenue, Detroit Lakes, MN 56501

$650,000
Property Type: Commercial Square Footage: 5,192 Lot Size (sq. ft.): 9,148 Status: Active
Current Price: $650,000 List Date: 11/11/2025 Last Modified: 6/26/2026

Overview

Description

On the edge of Hwy 10 in Detroit Lakes, you will find this commercial building ready for a new owner. Main floor has 3 units with studio options, and lower level is a full open area for retail or anything you can dream up. High traffic count with great exposure, it is perfect for retail, office space or many other options. The building is mostly full with great rental income. On street parking or parking in the rear of the building. Entire building is in excellent condition. Owner operates a salon and has agreed to stay on as a tenant if new owner wishes. Call for your appointment today!

Listing Details MLS# 6815969

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
6
Owner Occupied
Yes
Waterfront YN
No
Year Built
1990
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
2530
For Sale or Lease
For Sale
Acres
0.21
Lot Dimensions
.21 Acres
Assessment Pending
No

Property Features

Accessible: Partially Wheelchair Air Conditioning: Central Air Amenities Shared: Other CMU Style: Office; Retail/Shopping Center Construction Materials: Frame Construction Status: Previously Owned Current Use: Beauty/Barber Shop; Commercial; Professional Service; Retail Exterior: Stucco Flooring: Carpet; Concrete Slab; Engineered Wood Foundation: Concrete Perimeter Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional Location Description: Downtown Lock Box Type: Supra Lot Description: Irregular Lot Miscellaneous Information: 2+ Lavatories; Building Sign On Site Utilities: Electric Common Owner Pays: All Utilities; Broadband; Common Area Maintenance; Fuel; Maintenance/Repair; Management Parking Characteristics: Parking Lot Potential Use: Diversified; Income; Office; Professional; Retail Road Frontage: State Road; Street Lights Road Responsibility: Public Maintained Road Roof: Asphalt Shingles Sewer: City Sewer/Connected Shared Rooms: Other Stories: Two Water: City Water/Connected

Contract Information

Exclusions
Tenants personal property
Contingency
None
ListPrice
650000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
514
Street Name
Summit
Street Suffix
Avenue
Postal City
Detroit Lakes
County
Becker
State
MN
Zip Code
56501
Complex/Dev/Subdivision
Detroit Lakes

Assessments

Tax With Assessments
7238

Building Information

Building Finished SqFt
5192
Building SqFt
5192

More Information

Lease Details

Land Leased
Not Applicable

Lock Box Type

Lock Box Source
LCAR

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Sale Options

Sale Includes
Building, Land

Unit Details

Total Units
4
IDX
Listing Office: Coldwell Banker At The Lakes
Last Updated: June - 26 - 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.
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