427 3rd Street, International Falls, MN 56649

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 2
Owner Occupied: No
Waterfront Present: No
Year Built: 1927
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 2150
For Sale or Lease: For Sale
Acres: 0.07
Lot Dimensions: 126' x 25'
Assessment Pending: Unknown
Garage Stalls: 0

Property Features

Accessible: Other Air Conditioning: Central Air Appliances: Range; Refrigerator Assumable Loan: Not Assumable Basement: Full; Partially Finished CMU Style: Apartments and Retail; Low Rise; Office; Retail/Shopping Center Construction Materials: Brick Construction Status: Previously Owned Current Use: Business Service; Food Service; Office; Retail; Vacant Existing Financing: Conventional Exterior: Brick/Stone Flooring: Engineered Wood; Tile; Wood Foundation: Brick/Mortar; Concrete Block Fuel: Electric Heating: Baseboard Loan Terms: Cash; Conventional; Conventional Rehab; Rural Development Location Description: Downtown Lock Box Type: Combo On Site Utilities: Electric Separate; Heating Separate; Hot Water Common Parking Characteristics: Parking Lot Potential Use: Office; Other; Professional; Rest/Lounge; Restaurant; Retail; Shop Rent Rate per Foot: Per Month Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Flat; Rubber Sewer: City Sewer/Connected Stories: Two Tenant Pays: All Utilities Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 259900
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 427
Street Name: 3rd
Street Suffix: Street
Postal City: International Falls
County: Koochiching
State: MN
Zip Code: 56649
Complex/Dev/Subdivision: International Falls

Assessments

Tax With Assessments: 2624
Assessment Balance: 0

Building Information

Building Finished SqFt: 4300
Building SqFt: 4300

More Information

Income and Expenses

Annual Gross Income: 16800

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Sale Options

Sale Includes: Building, Fixture/Equipment, Leases

Unit 1

Unit Number: Yes
Monthly Rent: 700
Full Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: 2
Leased?: Yes
Lease Expiration Date: 2026-11-30

Unit 2

No. of 2 Bedroom Units: 2
Full Baths: Yes
Lease Expiration Date: 2026-11-30
Leased?: Yes
Monthly Rent: 700
Total Bathrooms: Yes
Total Bedrooms: 2
Unit Number: 2

Unit Details

Total Units: 2

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: LOT 6 BLK 18
Listing City: International Falls
Map Page: 999
Municipality: International Falls
School District: International Falls
School District Phone: 218-283-2571
Zip Plus 4: 157
Property ID Number: 9200618060
Tax Year: 2026
Tax Amount: 2462
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: This standout 1927 all-brick building delivers the best of both worlds: immediate rental income and a blank canvas to build your business. The main-level commercial space is mid-renovation with new oversized storefront windows and a double-glass entry already installed — all building materials on-site are included, giving you a significant head start on your buildout. Exposed brick walls, open floor plan, and high ceilings create the kind of character perfect for a bakery, café, boutique, or office. While you finish your space, two fully leased 2-bedroom upper apartments generate $1,400/month in income. Highlights: All renovation materials included in sale; New storefront windows & entry doors installed; Two leased 2BR units — $16,800 gross annual income; Solid brick construction | City water & sewer | Central A/C; Prime downtown location next to Wells Fargo; Steps from border crossing, Voyageurs National Park gateway traffic. Buy the building. Collect the rent. Build the business.
Directions: From Hwy 11 - turn North to 2nd Ave - West to 3rd Street (Great Tiver Rd) to the property on left

Accessible

Other: Yes

Air Conditioning

Central Air: Yes

Appliances

Range: Yes
Refrigerator: Yes

Assumable Loan

Not Assumable: Yes

Basement

Full: Yes
Partially Finished: Yes

Construction Materials

Brick: Yes

Construction Status

Previously Owned: Yes

Existing Financing

Conventional: Yes

Exterior

Brick/Stone: Yes

Flooring

Engineered Wood: Yes
Tile: Yes
Wood: Yes

Foundation

Brick/Mortar: Yes
Concrete Block: Yes

Fuel

Electric: Yes

Heating

Baseboard: Yes

Lock Box Type

Combo: Yes

Parking Characteristics

Parking Lot: Yes

Road Frontage

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Flat: Yes
Rubber: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

No. of Ranges

Two: Yes

No. of Refrigerators

Two: Yes

Tenant Pays

All Utilities: Yes

On Site Utilities

Electric Separate: Yes
Heating Separate: Yes
Hot Water Common: Yes

CMU Style

Apartments and Retail: Yes
Low Rise: Yes
Office: Yes
Retail/Shopping Center: Yes

Current Use

Business Service: Yes
Food Service: Yes
Office: Yes
Retail: Yes
Vacant: Yes

Loan Terms

Cash: Yes
Conventional: Yes
Conventional Rehab: Yes
Rural Development: Yes

Location Description

Downtown: Yes

Potential Use

Office: Yes
Other: Yes
Professional: Yes
Rest/Lounge: Yes
Restaurant: Yes
Retail: Yes
Shop: Yes

Rent Rate per Foot

Per Month: Yes