Price Reduction - Waterfront - Primary on Main
Address
54 1st Street NW, Pelican Rapids, MN
Price
$ 574,000
Property Attributes
- ID#6503425
- TypeCommercial
- CountyOTTER TAIL
- CityPelican Rapids
- AreaFrazees 1st Add
- NeighborhoodFrazees 1st Add
- Zip56572
- StyleBusiness,Industrial
- Year Built1912
- Taxes$ 3940
- Price$ 574,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage5844
- Lot Size0.29 Acres
Data Source:
Northstar MLS (NSTAR)
Property Description
UPTOWN IN A SMALLTOWN - LUXURY LIVING ON THE RIVER! For the first time in Pelican Rapids history, a Modern-Industrial-Home-Design has been brought to lux life! This is a must see in person to appreciate. History preserved with tasteful wow factors around every corner. This recently renovated and immensely loved commercial property has been granted a Special Use Permit for residential living on the second level. Looking to diversify? Not only could this be your next dream home, but the mixed-use classification gives this property several income producing “could be” options for the next business entrepreneur; office space, riverside food and drink service, retail, large group entertaining, storage rental, or high-end VRBO with views, sounds, and private access to the Pelican River.
| Price History | |
|---|---|
| 4/1/2024 | Listed $599,000 |
| 6/18/2024 | 5% - $574,000 |
General Features
| Sewer | City Sewer/Connected |
|---|---|
| Heating | Boiler,Forced Air,Fireplace(s),Radiant Floor |
| Cooling | Central Air |
| Utilities | Electric Common |
| Appliances | Air-To-Air Exchanger,Dishwasher,Dryer,Exhaust Fan,Gas Water Heater,Microwave,Range,Refrigerator,Stainless Steel Appliances,Wall Oven,Washer,Water Softener Owned |
| Construction Materials | Brick/Stone |
| Year Built | 1912 |
| View | River |
| Levels | Two |
| Property SubType | Business,Industrial |
| Tax Year | 2024 |
| Current Use | Commercial,Event Space,Office,Other,Residential |
| Waterfront Features | River Front,River View |
| Accessibility | Doors 36 +,Hallways 42 +,Partially Wheelchair |
| County | Otter Tail |
| Property Type | Commercial Sale |
| Contingency | None |
| Subdivision Name | Frazees 1st Add |
| Possible Use | Office,Other,Professional Service,Rest/Lounge,Restaurant,Retail,Shop,Warehouse,Diversified,Investment,Bar/Tavern |
| Directions | In Pelican at 54 1st St NW |
| City | Pelican Rapids |
| Buyer Agent Compensation | 2.50 |
| Body of Water | Pelican River |
| High School District | Pelican Rapids |
| Zoning Description | Business/Commercial,Other |
| NumberOfUnitsTotal | 1 |
| Lot Size Units | Acres |
| Waterfront Y/N | Yes |
| Land Lease Y/N | No |
| Tax Annual Amount | 3940 |
| Additional Parcels Y/N | No |
| Virtual Tour | https://player.vimeo.com/video/932574309?badge=0&autopause=0&player_id=0&app_id=58479 |
| Days on Market | 97 |
| Standard Status | Active |
| Lender Owned | No |
| Amenities Unit | Ceiling Fan(s),City View,French Doors,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Natural Woodwork,Patio,Paneled Doors,Tile Floors,Washer/Dryer Hook |
| Buyer Agent Compensation Type | % |
| PostalCity | Pelican Rapids |
Interior Features
| Basement | Other,Partially Finished,Storage Space |
|---|---|
| Basement (Y/N) | Yes |
| Ceiling Height | 11-15 |
| Foundation Dimensions | 104x26x16x20x83 |
| Fuel | Natural Gas |
| Waterfront Feet | 60 |
Exterior Features
| Parking Features | Gravel,Driveway - Other Surface |
|---|---|
| Lot Features | Corner Lot,Irregular Lot,Tree Coverage - Medium |
| Water Source | City Water/Connected |
| Inclusions | Building,Fixture/Equipment,Land |
| Lot Size Area | 0.29 |
| Building Area Total | 5844 |
| Lot Dimensions | Irregular |
| Foundation Area | 8512 |
| Road Frontage Type | City Street |
| Road Responsibility | Public Maintained Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 56572
Price
Taxes
Visits
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on June 25, 2024 3:18 PM UTC
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than RE/MAX Advantage Plus are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (little black
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© 2024 Realtor Association of Southern Minnesota. All rights reserved. The data relating to real estate for sale on this limited electronic display comes in part from the Broker Reciprocity (sm) Program of the Realtor Association of Southern Minnesota Multiple Listing Service. Real estate listings held by brokerage firms other then RE/MAX Advantage Plus are marked with the Broker Reciprocity(sm) logo or the Broker Reciprocity(sm) thumbnail logo (a little black house) and detailed information
West Central Association Of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be
