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Sold for $350,000
Sold for $350,000
605 1st St E Park Rapids, MN 56470
$350,000
CLOSEDBeds
2
Baths
2
Sqft
0
Acres
0.34
Year
1960
Close Date
Jan 29, 2021
Property Type
Commercial Sale
Sub Type
Date Listed
Oct 12, 2020
Description of 605 1st St E, Park Rapids, MN 56470
Listing details for 605 1st St E, Park Rapids, MN 56470 : Park Rapids Investment Opportunity
The Rustic Inn offers an abundance of opportunities. Whether you are looking for Short Term or Long Term Rentals, Commercial Lease Potential, or an Owner/Operated Business this properties for you. This property features 12 Units and a Café, giving you 13 sources of income. Just Minutes from downtown Park Rapids, a Tourism destination location were tourists come to enjoy Hiking, Biking, Fishing, Downtown Shops, Itasca State Park and many other area Attractions. Come enjoy what the Northwoods has to offer. Daily rentals of $69/night; $99/weekend in the winter. Daily rentals of $89-$99/night $119/weekend in the summer. Monthly rentals $750/month.
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Listing Updated : 08-25-2026 at 12:43 AM CDT
Property Details
Property Overview
Listing Price
$399,000
MLS #ID
5673024
Close Price
$350,000
Close Date
Jan 29, 2021
Bedrooms
2
Bathrooms
2
Square Footage
0
Acres
0.34
Year
1960
Days on Site
72 Days
Property Type
Commercial Sale
Property Sub Type
Price per Sq Ft
$0
Date Listed
Oct 12, 2020
Location
Street Address
605 1st St E
City
State
Minnesota
ZIP Code
County
Neighborhood / Subdivision
Driving Directions
From 34/71 in Park Rapids, East on 34 to property on left.
Schools
School District
Home Specification
Bedrooms
2
Bathrooms
2 Full
Construction / Architecture
Year Built
1960
New Construction
No
Price per Sq Ft
$0
Lot Size (Acres)
0.34
Lot Dimensions
100x140
Interior Details
Fireplace
No
Heating
Space Heater
Cooling
None
Exterior Details
Garage
No
Parking Features
Paved Lot
Exterior Features
Log Siding
Fencing
None
Water Source
City Water/Connected
Sewer
City Sewer/Connected
Taxes, HOA & Financing
Annual Property Tax
$8,812.00
HOA Fee Includes
None
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Properties displayed may be listed or sold by various participants in the MLS
Source
NorthstarMLS as distributed by MLS GRID, MLS#: 5673024
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Property History
DateEventPrice
1/29/2021
Sold
$350,000
Source:NorthstarMLS #NST5673024
NorthstarMLS #NST5673024 10/12/2020
Listed for sale
—
Source:NorthstarMLS #NST5673024
NorthstarMLS #NST5673024Location of 605 1st St E, Park Rapids, MN 56470
Streetview of 605 1st St E, Park Rapids, MN 56470
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Based on information submitted to the MLS GRID as of 2026-08-25. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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