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$375,000

8 Beds 5 Baths 6,468 SQFT 0.08 Acres

Type: Commercial

123 S Broadway
Pelican Rapids, MN 56572

MLS#: 7042345

Mike Carlson

The Real Estate Advantage

Phone: 218.850.7146

Office: 218.850.7146

Visit Website

Presented by: REMAX Lakes Region

Property Description

No Vacancies! In the heart of Pelican Rapids sits this 5-unit Apartment Building, a great Investment opportunity in a town with plenty of jobs available. 3-two bed/one bath units and 2-one bed/one bath units. This is a well maintained property and new updates to Unit #1 are completed. Each unit has its own laundry and garage. Pelican Rapids is a thriving town located in the middle of Lakes Country in Otter Tail County.

Interior Features

Bedrooms

Total Bedrooms8

Bathrooms

Total Baths5

Other Interior Features

BasementOwner Access, Partial

Basement (Y/N)Yes

Ceiling Height8-10

Foundation Dimensions22x122

FuelElectric, Natural Gas

General

AccessibilityNone

Additional Parcels Y/NNo

AppliancesDryer, Range, Refrigerator, Washer

CityPelican Rapids

Construction MaterialsBrick, Concrete, Frame

ContingencyNone

CoolingWindow Unit(s)

CountyOtter Tail

Current UseResidential

DirectionsOn the corner of S Broadway(Hwy 59) 2nd Ave SE in Pelican Rapids, Minnesota

Garage Spaces5

Gross Income50100

HeatingForced Air

High School DistrictPelican Rapids

Insurance Expense1800

Land Lease Y/NNo

Lender OwnedNo

LevelsTwo

Lot Size UnitsAcres

MaintenanceExpense2640

New ConstructionNo

Number Of Units Total5

OwnerPaysInsurance, Repairs, Sewer, Snow Removal, Trash Collection, Water

Pool FeaturesNone

Possible UseOffice, Retail, Diversified

PostalCityPelican Rapids

Property TypeCommercial Sale

RoofComposition, Metal

SewerCity Sewer/Connected

Standard StatusActive

Subdivision NameFrazees 1st Add

Tax Annual Amount$3,592

Tax Year2025

Tenant PaysBroadband, Cable TV, Electricity, Gas, Hot Water

TopographyLevel

Trash Expense900

UtilitiesElectric Separate, Heating Separate, Hot Water Separate

Year Built1900

Zoning DescriptionBusiness/Commercial

Exterior

Building Area Total6,468 sqft

FencingNone

Foundation Area2,684 sqft

InclusionsBuilding, Fixture/Equipment, Leases

Lot Dimensions25x134

Lot FeaturesCorner Lot

Lot Size Area0 sqft

Parking FeaturesNo Int Access to Dwelling, Tuckunder Garage

Road Frontage TypeCity Street, Paved Streets, Sidewalks, Street Lights, Storm Sewer, Highway

Road ResponsibilityPublic Maintained Road

Water SourceCity Water/Connected

Waterfront Y/NNo

Additional Details

Price History

Schools

High School N/A

Middle School N/A

Elementary School N/A

Similar Properties

$375,000

8 Beds 5 Baths 6,468 SQFT 0.08 Acres

Type: Commercial

123 S Broadway
Pelican Rapids, MN 56572

MLS#: 7042345

Mike Carlson

The Real Estate Advantage

Phone: 218.850.7146

Office: 218.850.7146

Visit Website

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$375,000

123 S Broadway
Pelican Rapids, MN 56572

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$375,000

123 S Broadway
Pelican Rapids, MN 56572

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$375,000

123 S BroadwayPelican Rapids, MN 56572

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$375,000

123 S BroadwayPelican Rapids, MN 56572

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123 S Broadway
Pelican Rapids, MN 56572

123 S Broadway
Pelican Rapids, MN 56572