, Pelican Rapids, MN 56572 (MLS# 7042345)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 2
Owner Occupied: No
Waterfront YN: No
Year Built: 1900
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 2684
Garage Stalls: 5
Power Company: Ottertail Power
For Sale or Lease: For Sale
Acres: 0.07
Lot Dimensions: 25x134
Assessment Pending: Unknown

Property Features

Accessible: None Air Conditioning: Window Unit(s) Amenities Shared: None Appliances: Dryer; Range; Refrigerator; Washer Basement: Owner Access; Partial CMU Style: Apartments/Multi Family Construction Materials: Brick; Concrete; Frame Construction Status: Previously Owned Current Use: Residential Exterior: Brick/Stone; Vinyl Fencing: None Flooring: Carpet; Vinyl/Linoleum; Wood Foundation: Combination Fuel: Electric; Natural Gas Heating: Forced Air Internet Options: Fiber Optic Loan Terms: Cash; Conventional Location Description: Downtown Lock Box Type: None Lot Description: Corner Lot On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate Owner Pays: Insurance; Repairs; Sewer; Snow Removal; Trash Collection; Water Parking Characteristics: No Int Access to Dwelling; Tuckunder Garage Pool Description: None Potential Use: Diversified; Office; Retail Rent Rate per Foot: Per Month Rental License Type: Standard Road Frontage: City Street; Highway; Paved Streets; Sidewalks; Storm Sewer; Street Lights Road Responsibility: Public Maintained Road Roof: Composition; Metal Sewer: City Sewer/Connected Stories: Two Tenant Pays: Broadband; Cable TV; Electricity; Gas; Hot Water Topography: Level Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 375000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

Postal City: Pelican Rapids
County: Otter Tail
State: MN
Zip Code: 56572
Complex/Dev/Subdivision: Frazees 1st Add

Assessments

Tax With Assessments: 3592

Basement

Foundation Dimensions: 22x122

More Information

Building Information

Building Finished SqFt: 3784
Building SqFt: 6468
Ceiling Height: 8-10

Income and Expenses

Annual Caretaker Expense: 2640
Annual Gross Income: 50100
Annual Insurance Expense: 1800
Annual Maintenance Expense: 2640
Annual Trash Expense: 900

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 43
Section#: 27
Township#: 136

Sale Options

Sale Includes: Building, Fixture/Equipment, Leases

Unit 1

Unit Number: #1
Monthly Rent: 850
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 4
Level: Main Level
Leased?: Yes
Lease Expiration Date: 2026-04-01
No. of 1 Bedroom Units: 2

Unit 2

No. of 2 Bedroom Units: 3
Lease Expiration Date: 2026-06-30
Leased?: Yes
Level: Main Level
Monthly Rent: 800
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 4
Unit Number: #2

Unit 3

Full Baths: Yes
Leased?: No
Level: 2nd Level
Monthly Rent: 925
Total Bathrooms: Yes
Total Bedrooms: 2
Total Rooms: 6
Unit Number: #3

Unit 4

Leased?: No
Level: 2nd Level
Monthly Rent: 850
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: 2
Total Rooms: 6
Unit Number: #4

Unit 5

Full Baths: Yes
Lease Expiration Date: 2027-07-31
Leased?: Yes
Level: 2nd Level
Monthly Rent: 750
Total Bathrooms: Yes
Total Bedrooms: 2
Total Rooms: 6
Unit Number: #5

Unit Details

Total Units: 5

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