0 bed 0 bath single family home for sale at 221 E Lake Street, Parkers Prairie MN MLS# 7124939 - Photo 1 of 29

221 E Lake Street, Parkers Prairie, MN 56361

Just Listed on M Premiere — listed August 14, 2026

0 Beds | 0 Baths | Single Family Home | MLS# 7124939

$114,500

$895/month Estimated

Principal & interest
$579
Property taxes
$249
Home insurance (est.)
$67
HOA dues
None

20% down ($22,900) · 30-yr fixed, 6.5% · Can I afford this home?

Estimates only; confirm before you offer.

Parkers Prairie, MN Active

Deciding Week · Day 1 of 7

Day count from the MLS listing date · cohort stats from the last 90 days · NorthstarMLS

About This Home

Contractor Special — Bring Your Vision! Calling all contractors, investors, and buyers with an eye for potential! Not far from Lake Adley, this home sits on a nice-sized lot and is ready for someone with the vision and creativity to bring it back to life. The hard part has already been started—the demolition has been done, leaving you with a blank canvas ready for its next chapter. The home wasn't taken down to the studs because of a known issue; the owner simply had a vision for transforming the property and was never able to complete it, now, that opportunity is yours! There is plenty of square footage to work with, along with an abundance of windows throughout the home that allow for plenty of natural light and help you envision just how bright and inviting these spaces could become once finished. Previous plans imagined the property as a 4-bedroom, 1-bath home, with the potential to create 5 bedrooms and 2 bathrooms, follow that vision or start fresh and design the layout to fit your own needs—the possibilities are here for you to explore. The uppermost level is especially unique and could make a fantastic study, home office, reading retreat, or bonus space, complete with views of Lake Adley. Whether you're a contractor looking for your next project, an investor searching for an opportunity, or a buyer dreaming of creating a home that's truly your own, this property offers the space and potential to make it happen. Bring your tools, bring your imagination, and make this house a home again! IMPORTANT SHOWING REQUIREMENT: Due to the current condition of the property, anyone entering the home must sign a liability waiver and return it to the listing agent prior to entering the property.

Key Features

Property Type
Single Family
Year Built
1918
Lot Size
0.31 acres
Heating
None
Cooling
None
Basement
Yes
Sewer
City Sewer - In Street
Water
City Water/Connected
Annual Taxes
$2,982
County
Otter Tail
Days on Market
0

221 E Lake Street is listed in Parkers Prairie, MN, part of Otter Tail County. Browse all Minnesota homes for sale on Modern Market REALTORS®.

Showing — 221 E Lake Street

Shannon Barnum

Associate Broker · Modern Market REALTORS®

Your Parkers Prairie real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.

Listed by Randy Fischer Real Estate, Inc · Shown by Modern Market REALTORS®

Schedule a Home Tour View Full Listing & Photos

MLS# 7124939 · Data refreshed August 14, 2026

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Frequently Asked Questions About 221 E Lake Street

Does 221 E Lake Street have a basement?
Yes, 221 E Lake Street has a basement.
What type of heating and cooling does 221 E Lake Street have?
221 E Lake Street has None heating and None cooling.
Where is 221 E Lake Street located?
221 E Lake Street is in Parkers Prairie, MN 56361, in Otter Tail County.
Is 221 E Lake Street still available?
Yes — 221 E Lake Street is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
When was 221 E Lake Street built?
221 E Lake Street was built in 1918. It features a block foundation.
How walkable is 221 E Lake Street?
221 E Lake Street has a Walk Score of 20/100 (Car-Dependent) and a Bike Score of 33/100 (Minimal Bike Infrastructure). Scores provided by Walk Score® →
What does "M Premiere" mean?
M Premiere™ is Modern Market REALTORS®’ early-access tracker for homes entering NorthstarMLS during the critical first 96 hours on market. Well-priced homes in Fargo-Moorhead frequently receive their strongest buyer attention in that opening window. M Premiere surfaces new inventory the moment it lists — so buyers can act before a home becomes widely discovered.

Local Companies to Help You Settle In

From inspection to closing to moving day, here are well-known local companies serving the Parkers Prairie area.