Listed at
$138,500

Frazees 1st Add

40 2nd Street, Pelican Rapids, MN, 56572
0.5  Acres
Days on market149
Year built1950
TypeLand
Est. $1,155buyer credit when you buy with SODL
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About this home

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.

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Home facts

Property typeLand
Year built1950
Lot size0.5 acres (150x150)
Days on market149
ListedApr 12, 2026
MLS #NST7053685
CountyOtter Tail
SubdivisionFrazees 1st Add
Parcel #76000270038001

Facts & features

Interior

Bathrooms
0

Property

Lot size
0.5 acres
Lot dimensions
150x150
Parcel #
76000270038001
Zoning
Business/Commercial

Construction

Property type
Land
Year built
1950

Utilities

Utilities
Electricity Available, Electricity Connected, Underground Utilities Available, Water Available, Water Connected

Community & HOA

Subdivision
Frazees 1st Add
HOA
No HOA
School district
548 - Pelican Rapids
High school district
Pelican Rapids

Financial & listing details

Annual tax
$1,404 (2025)
Listed
Apr 12, 2026
Days on market
149
Inclusions
None

Interior details

Total bathrooms0

Exterior & lot

ZoningBusiness/Commercial

Utilities

Parking & garage

Financial details

Annual taxes$1,404
Tax year2025
Taxes w/ assessments1404
Assessment pendingNo
Lender ownedNo
Short saleNo
ForeclosureNo

Schools

District548 - Pelican Rapids
District number548
District phone2188635910
High schoolPelican Rapids
SODL flat fee brokerage
$1,155Estimated buyer credit
SODL platform fee $3,000Your buyer credit $1,155

How SODL buyer credits work

When you buy with SODL, the brokerage charges a flat $3,000 platform fee at closing. The remaining buyer-side commission (typically 3% of the purchase price) is credited directly back to you at closing, reducing the cash you bring to the table.

  • Tour homes with SODL’s flexible showing network
  • Submit offers and manage your transaction through the platform
  • Keep more money at closing through transparent flat-fee pricing

A clear, modern way to buy with expert guidance and meaningful savings.

Estimated monthly payment

$891/mo
Principal & interest$728
Property taxes$117
Home insurance (est.)$46
%
$27,700
0%50%
Credit score
Loan term

These payment estimates are for illustration purposes only and may vary based on your lender, interest rate, credit profile, down payment, taxes, insurance, and loan terms. For a more accurate monthly payment estimate, speak with your lender or connect with SODL’s preferred lending partner.

Location

40 2nd Street, Pelican Rapids, MN, 56572

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Listing information

MLS #NST7053685
StatusClosed
Last updatedSep 10, 2026, 2:34 PM
Originally listedApr 12, 2026, 10:32 AM
Listing officeHomeSmart Adventure Realty

Listing information provided courtesy of the MLS. This information is deemed reliable but is not guaranteed.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.