54 NW 1st Street, Pelican Rapids, MN 56572

$599,000 Asking Price

3 beds
4 baths
8,512  sqft
Built in 1912

UPTOWN IN A SMALLTOWN - LUXURY LIVING ON THE RIVER! For the first time in Pelican Rapids history, a Modern-Industrial-Home-Design has been brought to lux life! This is a must see in person to appreciate. History preserved with tasteful wow factors around every corner. This recently renovated and immensely loved commercial property has been granted a Special Use Permit for residential living on the second level. Looking to diversify? Not only could this be your next dream home, but the mixed-use classification gives this property several income producing “could be” options for the next business entrepreneur; office space, riverside food and drink service, retail, large group entertaining, storage rental, or high-end VRBO with views, sounds, and private access to the Pelican River.


Features & Amenities

Interior

Rooms:
Living Room, Kitchen, Pantry (Walk-In), Dining Room, Family Room, Office, Laundry, Bedroom 1, Primary Bathroom, Bedroom 2, Bathroom, Bedroom 3, Bar/Wet Bar Room, Storage
Master Bath:
3/4 Basement,Bathroom Ensuite,Full Primary,Main Floor 1/2 Bath,Main Floor 3/4 Bath,Main Floor Full Bath,Separate Tub & Shower
Appliances:
Air-To-Air Exchanger, Dishwasher, Dryer, Exhaust Fan, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Wall Oven, Washer, Water Softener Owned
Dining:
Kitchen/Dining Room,Living/Dining Room
Basement:
Other, Partially Finished, Storage Space
A/C:
Central Air
Heating:
Boiler, Forced Air, Fireplace(s), Radiant Floor
Fireplace:
Brick, Fireplace, Fireplaces: 1

Exterior

Parking:
Gravel, Driveway - Other Surface

Construction

Roofing:
Rolled/Hot Mop
General:
Two

Location

Road/Access:
City Street
HOA Amenities:
0.0
Originating MLS:
northstar
School District:
Pelican Rapids
County:
Otter Tail

Lot

Zoning:
76000990368000
View:
River
Fencing:
None
Waterfront:
60

Utilities

Water:
City Water/Connected
Sewer:
City Sewer/Connected

Financial

Source:
northstar
Listing Agent Compensation:
0.0000 %
Buyers Agent Compensation:
2.50 %

This listing courtesy of:
Re/Max Advantage Plus

About Pelican Rapids, MN

Housing

Number of Units
4,189
Median Home Value
$274,537
Median Rent
$405

11.75% of housing units are renter occupied.

42.48% are vacant.

Commute

Car
77.52%
Public Transportation
0.34%
Walk to Work
6.92%
Work from Home
14.59%
Other
0.33%

The median travel time to work is 22 minutes.

People

Population
5,784
Median Age
42.40
Median Household Size
2.76

Education

High School
25.99%
Associate’s Degree
11.94%
Bachelor’s Degree
18.73%
Graduate Degree
8.99%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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