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Active NEW!
$129,000
/mo Edit
Commercial:  2 Stories
3 br • Built 1910
0.08 acres
MLS# 7012838
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    Property Description

    Prime downtown commercial building offering 1, 892 sq ft of main-floor space with excellent street visibility, ideal for retail, office, or service use, plus three fully rented upper-level apartments providing immediate income; located in a high-traffic area surrounded by established businesses and featuring some off-street parking in the back. This mixed-use property is a rare opportunity for investors or owner-operators seeking both business potential and steady rental revenue.

    Listing

    Contingency: None
    City: International Falls
    County: Koochiching
    State: MN
    Property Style: 2 Stories
    Zip Code: 56649
    Subdivision Name: International Falls

    Interior

    Refrigerators: Three
    Appliances Included:
    • Range
    • Refrigerator
    Basement Details: None

    Exterior

    Stories: Two
    Garage Spaces: 0
    Air Conditioning: Wall Unit(s)
    Foundation Size: 1,892 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Boiler
    • Hot Water
    • Radiant
    Parking Features:
    • Paved Lot
    • Shared Driveway
    • Unassigned
    Exterior Material: Brick
    Roof Details:
    • Flat
    • Rubber

    Rooms

    Shared Rooms: Other

    Lot & Land

    Acres: 0.08
    Geolocation: 48.602996, -93.406126
    Inclusions: Building, Land, Leases
    Lot Dimensions: 25 x 140
    Zoning: Business/Commercial

    Schools

    School District: 1508
    District Phone: 2182832571

    Expenses

    Tenant Expenses: Electricity

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $2,124
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $2,124

    Units

    Total Units: 4

    Miscellaneous

    Current Use:
    • Commercial
    • Other
    • Professional/Office
    • Residential
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Common
    • Hot Water Common
    Water System: City Water/Connected
    Power Company Name: Minnesota Power

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Move it Real Estate Group/Lake.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.