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209 1st St W 35,108 SF Vacant Retail Building Park Rapids, MN 56470 $3,101,828 CAD ($88.35 CAD/SF)
Investment Highlights
- Prime downtown location at a main intersection in Park Rapids
- Large surface parking lot with multiple access points
- Located in established retail corridor near national and local retailers
- Excellent visibility with ~298 feet of frontage along County Road 34
Executive Summary
Former grocery store property available for sale at 209 1st St W in downtown Park Rapids. The site features a 35,108 SF commercial building positioned on a high-visibility corner with approximately 298 feet of frontage along Co Rd 34. The property benefits from excellent accessibility with full movement access, a large surface parking lot, and placement at a primary intersection within the city’s retail corridor. Park Rapids’ strong seasonal tourism and second-home market contribute to significantly increased population and traffic levels during peak months, enhancing retail demand and redevelopment potential.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
REO Sale
Property Type
Building Size
35,108 SF
Building Class
C
Year Built
2002
Price
$3,101,828 CAD
Price Per SF
$88.35 CAD
Percent Leased
Vacant
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.29
Lot Size
2.75 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial
Amenities
- Monument Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Coborn's
- -
- 35,108 SF
- -
- Oct 2025
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Coborn's | - | 35,108 SF | - | Oct 2025 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 32.46.00800 | Improvements Assessment | $1,682,376 CAD |
| Land Assessment | $508,839 CAD | Total Assessment | $2,191,215 CAD |
Property Taxes
Parcel Number
32.46.00800
Land Assessment
$508,839 CAD
Improvements Assessment
$1,682,376 CAD
Total Assessment
$2,191,215 CAD
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209 1st St W
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