$420,000

605 1st Street E

Park Rapids MN, 56470

Description

Park Rapids Investment OpportunityThe 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 Caf, 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.

Details

MLS#5673024
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1960
Days On Site45

Features

Market Activity 56470

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Area Information
StateMN
CountyHubbard
CityPark Rapids
Zip Code56470
Listing VS Median (in 56470)
Price:
$420,000
low | high
Med:
$119,500
100% of Average
On Site:
45
low | high
Med:
512
8.7890625% of Average
Listing Updated: November 17, 2020 4:47:39 PM PST
Brian Halik LogoMLS Number: 5673024
Listing Provided By:
Brian Halik  of  Wolff Simon Real Estate

MLS Internet Data Exchange (IDX) information is provided exclusively 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, and that the data is deemed reliable but is not guaranteed accurate by the Northstar MLS.