$399,000

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 Site106

Features

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Area Information
StateMN
CountyHubbard
CityPark Rapids
Zip Code56470
Listing VS Median (in 56470)
Price:
$399,000
low | high
Med:
$67,400
100% of Average
On Site:
106
low | high
Med:
329
32.218844984802% of Average
Listing Updated: December 21, 2020 12:57:59 PM PST
Brian Halik LogoMLS Number: 5673024
Listing Provided By:
Brian Halik  of  Wolff Simon Real Estate

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