655 W Main Street Perham, MN ^$ 1,350,000

655 W Main Street

^$ 1,350,000

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655 W Main Street

Perham, MN, 56573

^$ 1,350,000

Studio Baths0.0 Sq 7,124

Monthly Estimate*

^$ 9,430

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Studio

Commercial Property for sale in Perham, MN

for $1,350,000. This 7,124 square foot building was built in 1970 on a lot size of 0.66.

The absolute opportunity of a lifetime! This long time family owned and operated business has a very high return on investment. Current businesses include an auto parts store, convenience store, gas station, car wash and a take and bake pizza operation (with a current tenant). The Real Estate and Business are for sale with the inventory to be assessed and sold separately at closing.

Commercial Active

Price

^$ 1,350,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 6,092

Style

Retail

Lot Size

0.66

Year Built

1970

Town/City

Perham

County/Region

Otter Tail

MLS | Web ID

6482260

Features

General

Sewer City Sewer/Connected

Heating Forced Air Space Heater

Utilities Heating Separate

Garage Spaces 0

Construction Materials Steel Siding

Year Built 1970

Property SubType Retail

Tax Year 2023

Current Use Professional/Office Commercial Retail

Accessibility Doors 36 + Fully Wheelchair No Stairs External No Stairs Internal

Additional Parcels Description 77000990610000

County Otter Tail

Property Type Commercial Sale

Contingency None

Subdivision Name Rothpletz Add

Possible Use Retail Service Station Shop Grocery

Directions West Main St Perham

City Perham

Buyer Agent Compensation 2.25

High School District Perham-Dent

Zoning Description Business/Commercial

Total Units 4

Street Name Main

Land Lease Y/N N

Tax Annual Amount 6092

Additional Parcels Y/N Y

Standard Status Active

Lender Owned No

Buyer Agent Compensation Type %

Exterior

Parking Features Parking Lot

Water Source City Water/Connected

Inclusions Building Business Land Leases

Lot Size Area 0.66

Building Area Total 7124

Lot Dimensions 200 X 143

Lot Size Units Acres

Foundation Area 7124

Interior

Basement (Y/N) N

Street Suffix Street

Foundation Dimensions Irregular

Fuel Natural Gas

Garage Dimensions 0

Garage Door Width 0

Garage Square Feet 0

Internal Only

Street Number 1 655

* Excluded Features

List By

The Real Estate Company Of Detroit Lakes

Broker

dneisen@live.com

Affordability Calculator

$9,938

Per Month

Monthly Principal & Interest: $9,430
Monthly Property Taxes: $508
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Perham, MN

Average List Price ^$516,800

Percent of Sale Price 62%

About Perham, MN

3,320 Population

24% Since 2002

^$54,796 Median Income

41.07 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3048402 Elementary School

3048384 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/28/2024	$1,350,000		Listed Price

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655 W Main Street, Perham, MN, 56573 is a Commercial Property for sale at $1,350,000 with 7,124 sqft and a lot size of 0.66. 655 W Main Street is a studio with 0.0 baths and was built in 1970. The property's zip code is 56573 which is in Perham, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/30/2024.

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655 W Main Street

Commercial Property for sale in Perham, MN

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