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Active
$99,000
/mo Edit
Commercial:  Apartments/Retail
Built 1920
0.07 acres
Pelican Rapids schools
MLS# 6578117
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    Property Description

    Commercial building half a block off Broadway with a nice office/business space on the main level and a 3-bedroom apartment on the 2nd floor. The apartment currently rents for $1200/mo. Building offers multiple opportunities to generate income.

    Listing

    Contingency: None
    City: Pelican Rapids
    County: Otter Tail
    State: MN
    Property Style: Apartments/Retail
    Zip Code: 56572
    Subdivision Name: Frazees 1st Add

    Interior

    Appliances Included:
    • Range
    • Refrigerator

    Exterior

    Stories: Two
    Other Parking Spaces: 1
    Foundation Size: 1,200 ft2
    Foundation Dimensions: 25x48
    Handicap Accessible: None
    Heating System:
    • Baseboard
    • Forced Air
    Parking Features: None
    Road Frontage: City Street
    Exterior Material: Brick/Stone

    Lot & Land

    Acres: 0.07
    Geolocation: 46.569086, -96.084719
    Inclusions: Building
    Lot Dimensions: 25 x 120
    Zoning: Business/Commercial

    Schools

    School District: 548
    District Phone: 218-863-5910

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $1,540
    Lender-owned: Not disclosed
    Assessment Pending: Unknown
    Taxes w/ Assessments: $1,609

    Units

    Total Units: 1

    Miscellaneous

    Current Use:
    • Commercial
    • Office
    • Residential
    Fuel System:
    • Electric
    • Natural Gas
    Owner Occupied: Yes
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Separate
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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    Listing provided by RMLS, courtesy of Realty Xperts.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.