Skip main navigation
Closed
  • $120,000

    40 2nd St NW, Pelican Rapids, MN 56572

    --beds
    --baths
    0.5Acres
    Unimproved Land
    Built in 1950
    0.5 Acres Lot
    $127,800 Zestimate®
    $--/sqft
    $-- Estimated rent

    Home value

    $127,800

    $120,000 - $135,000

    Not available

    Zestimate® history
    Loading
    Loading...

    Owner options

    List your home for rent

    Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

    Learn more
    Refinance and save

    $585/mo

    Est. payment

    Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

    See today's rates

    $585/mo

    Est. payment

    Explore your selling options

    Work with a Zillow partner agent

    Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

    Get started

    List with your own agent

    Get your home in front of millions of buyers by listing it on Zillow.

    Learn how to do it

    Sell it yourself

    Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

    List your home

    What's special

    Generous half-acre lot
    Commercial property featuring two heated buildings (60x35 and 31x31) along with one cold storage building. Previously utilized as welding and mechanic shops, this versatile space offers endless potential for various uses. Featuring garage space for eight or more vehicles at a time. An office and half bathroom are located in the main/largest building. This space is currently equipped with a natural gas furnace, and a wood burning stove, providing options for your heat source. Additionally, there is ample space on this generous half-acre lot to potentially add another building.

    Zillow last checked:

    Listing updated:

    Listed by:

    Sarah Grahn 218-770-2366,

    HomeSmart Adventure Realty

    Bought with:

    Kelly Mullaney

    Park Co., REALTORS®

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7053685MLS Logo

    Facts & features

    Interior

    Features
    • Has basement: No

    Property

    Lot
    • Size: 0.5 Acres
    • Dimensions: 150 x 150
    • Topography: Level
    Details
    • Parcel number: 76000270038001
    • Zoning description: Business/Commercial

    Utilities & green energy

    • Utilities for property: Electricity Available, Electricity Connected, Underground Utilities Available, Water Available, Water Connected

    Community & HOA

    Community
    • Features: No
    • Subdivision: Frazees 1st Add
    HOA
    • Has HOA: No
    Location
    • Region: Pelican Rapids

    Financial & listing details

    • Tax assessed value: $21,600
    • Annual tax amount: $1,404
    • Date on market: 4/12/2026
    • Inclusions: None
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    9/9/2026Sold$120,000-13.4%
    Source: NorthstarMLS as distributed by MLS GRID #7053685 Report a problem
    8/22/2026Pending sale$138,500
    Source: NorthstarMLS as distributed by MLS GRID #7053685 Report a problem
    4/12/2026Listed for sale$138,500
    Source: NorthstarMLS as distributed by MLS GRID #7053685 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$352 -15.8%$21,600 +5.4%
    2024$418 -12.2%$20,500 -24.4%
    2023$476 -10.9%$27,100 +6.3%
    2022$534 +27.8%$25,500
    2021$418 +2%--
    2020$410 +5.1%$22,300 +8.8%
    2018$390 +1.6%$20,500
    2017$384 +3.2%$20,500 +1%
    2016$372 $20,300
    2015$372 -6.5%--
    2014$398 $21,700
    2013-- --
    2012-- --
    Find assessor info on the county website

    Neighborhood: 56572

    Nearby schools

    GreatSchools rating