40 2nd Street NW, Pelican Rapids, MN 56572
Land | MLS# 7053685
$898/month Estimated
- Principal & interest
- $700
- Property taxes
- $117
- Home insurance (est.)
- $81
- HOA dues
- None
20% down ($27,700) · 30-yr fixed, 6.5% · Can I afford this home?
Estimates only; confirm before you offer.
Located in Frazees 1st Add, Pelican Rapids, MN.
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.
Key Features
- Property Type
- Land
- Year Built
- 1950
- Lot Size
- 0.50 acres
- Utilities
- Electricity Available, Electricity Connected, Underground Utilities Available, Water Available, Water Connected
- Annual Taxes
- $1,404
- County
- Otter Tail
- Days on Market
- 115
40 2nd Street NW is listed in Pelican Rapids, MN, part of Otter Tail County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 40 2nd Street NW
Shannon Barnum
Associate Broker · Modern Market REALTORS®
Your Pelican Rapids real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.
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Listed by HomeSmart Adventure Realty · Shown by Modern Market REALTORS®
First-Time Home Buyer Guide for Fargo-Moorhead — ND/MN buyer programs, budgeting, and the 7-step process.
View Full Listing & PhotosMLS# 7053685 · Data refreshed July 10, 2026
More Homes for Sale in Pelican Rapids, MN
Frequently Asked Questions About 40 2nd Street NW
- Where is 40 2nd Street NW located?
- 40 2nd Street NW is in the Frazees neighborhood of Pelican Rapids, MN 56572, in Otter Tail County.
- Is 40 2nd Street NW still available?
- Yes — 40 2nd Street NW is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 40 2nd Street NW built?
- 40 2nd Street NW was built in 1950.
Local Companies to Help You Settle In
From inspection to closing to moving day, here are well-known local companies serving the Pelican Rapids area.