$375,000
123 S Broadway Pelican Rapids, MN 56572
For Sale MLS# 7042345
3,784 sq ft Commercial
Details for 123 S Broadway
MLS# 7042345
Description for 123 S Broadway, Pelican Rapids, MN, 56572
No Vacancies! In the heart of Pelican Rapids sits this 5-unit Apartment Building, a great Investment opportunity in a town with plenty of jobs available. 3-two bed/one bath units and 2-one bed/one bath units. This is a well maintained property and new updates to Unit #1 are completed.Each unit has its own laundry and garage. Pelican Rapids is a thriving town located in the middle of Lakes Country in Otter Tail County.
Listing Information
Property Type: Commercial, Apartments/Multi Family
Status: Active
Bedrooms: 8
Bathrooms: 5
Lot Size: 0.08 Acres
Square Feet: 3,784 sq ft
Year Built: 1900
Foundation: 2,684 sq ft
Garage: Yes
Stories: 2 Stories
Subdivision: Frazees 1st Add
Number Of Units Total: 5
Current Use: Residential
County: Otter Tail
Days On Market: 31
Construction Status: Previously Owned
School Information
District: 548 - Pelican Rapids
Interior Features
Appliances: Dryer, Range, Refrigerator, Washer
Flooring: Carpet,Vinyl/Linoleum,Wood
Basement: Owner Access, Partial
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Separate,Heating Separate,Hot Water Separate
Cooling: Window
Heating: Natural Gas, Electric, Forced Air
Exterior / Lot Features
Garage Spaces: 5
Open Parking: 2
Parking Description: Tuckunder Garage, No Int Access to Dwelling
Exterior: Brick/Stone, Vinyl
Roof: Composition, Metal
Lot Dimensions: 25x134
Zoning: Business/Commercial
Topography: Level
Additional Exterior/Lot Features: Corner Lot, Land Inclusions - Building,Fixture/Equipment,Leases, Road Frontage - Street Lights, Storm Sewer, Paved Streets, Sidewalks, US Highway, City
Driving Directions
On the corner of S Broadway(Hwy 59) 2nd Ave SE in Pelican Rapids, Minnesota
Financial Considerations
Tenant Pays: Broadband,Cable T.V.,Electric,Gas,Hot Water
Owner Pays: Insurance,Repairs,Sewer,Snow,Trash,Water
Gross Income: 50100
Tax/Property ID: 76000990450001
Tax Amount: 3592
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: REMAX Lakes Region
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively 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. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 123 S Broadway
Sales History
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Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 123 S Broadway
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
Coming soon properties will soon be on the market, but are not yet available for showings.