1107 1st Street East

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1107 1st Street East

Park Rapids, MN 56470
Asking Price
$520K
Asset Type
Restaurant Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Expansive 9,250-square-foot commercial facility available in Park Rapids
  • Prime restaurant location situated on a highly traveled highway
  • Versatile floor plan suitable for various retail or hospitality uses
  • Asking price for the property is set at $520,000
  • Prominent positioning within a popular northern Minnesota destination hub

What's Special

Hospitality and dining entrepreneurs will find significant potential in this 9,250-square-foot restaurant property situated at 1107 1st Street East in Park Rapids, Minnesota. The expansive footprint provides a versatile foundation for a variety of full-service or fast-casual culinary ventures, catering to both local residents and the steady stream of visitors drawn to the regional lakes area. The building benefits from a prominent position along a heavily traveled highway corridor, ensuring consistent visibility and accessibility for high-volume commercial operations. Park Rapids serves as a key hub in northern Minnesota, supporting a robust tourism-driven economy and a growing base of year-round inhabitants. Its location offers a strategic entry point for businesses looking to tap into the regional trade market. With its generous scale and primary thoroughfare frontage, this asset is well-positioned for an owner-operator or investor seeking to establish a long-term presence within the community.

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NOI
$80,000
Cap Rate
15.38%
DSCR
2.59
Strong
Cash-on-Cash
31.49%
Monthly Payment
$2,572.676
Annual Cash Flow
$49,127.885

Location & Travel Times