Active with contingency

$138,500

40 2nd St NW, Pelican Rapids, MN 56572

--beds

--baths

0.5Acres

Unimproved Land

Built in 1950

0.5 Acres Lot

$-- Zestimate^®

$--/sqft

$-- HOA

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.

89 days

74

2

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

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
4/12/2026	Listed for sale	$138,500
Source: NorthstarMLS as distributed by MLS GRID #7053685 Report a problem

Public tax history

Year	Property taxes	Tax 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

Monthly payment

Estimated monthly payment$1,822

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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