$1,200,000
Thief River Falls, MN 56701
MLS# 7057643
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Property Description
This beautifully-renovated commercial building needs a new owner. The character, charm and historic significance has been well-preserved and is once-again a thriving hub of downtown Thief River Falls. The top floor is a busy restaurant with a birds-eye view of downtown activity. A portion of the main floor is a bustling retail store with an expansive selection of clothing, housewares, home decor and floral services. The remainder is home to a top-notch engineering firm. The basement is unfinished but stands ready for an entrepreneur with a unique vision for the available 8000+ square feet. Schedule your private walk-through of this terrific investment opportunity.
Details
Maps
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Current Price: $1,200,000
Contingency: None
ListPrice: 1200000
List Date: 2026-04-17
Office/Member Info
Association: NWMAR
General Property Information
Lot Measurement: Acres
Management Company Name: Border Bank
Multiple PIDs?: No
Other Parking Spaces: 1
Owner Occupied: No
Waterfront Present: No
Year Built: 1897
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Lot Dimensions: 116x50,140x25
Acres: 0.21
Foundation Size: 8510
Garage Stalls: 0
Power Company: Northern Municipal Power Agency
Management Company Phone: 218-681-8085
For Sale or Lease: For Sale
Assessment Pending: No
Location, Tax and Other Information
Legal Description: ORIGINAL TOWNSITE OF THIEF RIV E 116' OF LOTS 1 & 2 AND ALL OF LOT 3 BLK 29
Listing City: Thief River Falls
Map Page: 999
Municipality: Thief River Falls
School District: Thief River Falls
School District Phone: 218-681-8711
Zip Plus 4: 3414
Property ID Number: 2500322990
Tax Year: 2025
Tax Amount: 29460
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: Yes
Directions & Remarks
Public Remarks: This beautifully-renovated commercial building needs a new owner. The character, charm and historic significance has been well-preserved and is once-again a thriving hub of downtown Thief River Falls. The top floor is a busy restaurant with a birds-eye view of downtown activity. A portion of the main floor is a bustling retail store with an expansive selection of clothing, housewares, home decor and floral services. The remainder is home to a top-notch engineering firm. The basement is unfinished but stands ready for an entrepreneur with a unique vision for the available 8000+ square feet. Schedule your private walk-through of this terrific investment opportunity.
Directions: In TRF: Downtown TRF, corner of 3rd St and LaBree Ave.
Accessible
Accessible Elevator Installed: 1
No Stairs External: 1
Air Conditioning
Central Air: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 29460
Basement
Foundation Dimensions: 74x115
Building Information
Building Finished SqFt: 17000
Building SqFt: 25530
Construction Status
Previously Owned: 1
Exterior
Brick/Stone: 1
Flooring
Tile: 1
Wood: 1
Foundation
8 ft+ Pour: 1
Fuel
Natural Gas: 1
Heating
Forced Air: 1
Internet Options
Cable: 1
Fiber Optic: 1
Lease Details
Land Leased: Not Applicable
Lock Box Type
None: 1
Miscellaneous Information
2+ Lavatories: 1
Alley: 1
Display Window: 1
Homestead: No
Ownership
Fractional Ownership: No
Road Frontage
City Street: 1
Curbs: 1
Highway: 1
Paved Streets: 1
Sidewalks: 1
Storm Sewer: 1
Street Lights: 1
Road Responsibility
Public Maintained Road: 1
Roof
Rubber: 1
Sale Options
Sale Includes: Building
Sewer
City Sewer/Connected: 1
Stories
Three Or More: 1
Unit Details
Total Units: 3
Wall Description
Concrete/Block: 1
Drywall: 1
Water
City Water/Connected: 1
No. of Ranges
None: 1
No. of Refrigerators
None: 1
On Site Utilities
Electric Separate: 1
Heating Separate: 1
Hot Water Separate: 1
CMU Style
Freestanding: 1
Mixed Use: 1
Current Use
Professional Service: 1
Restaurant: 1
Retail: 1
Loan Terms
Conventional: 1
Location Description
Downtown: 1
Free Standing: 1
Location Tax and Other Information
House Number: 115
Street Name: 3rd
Street Suffix: Street
Street Direction Suffix: E
Postal City: Thief River Falls
County: Pennington
State: MN
Zip Code: 56701
Complex/Dev/Subdivision: Townsite/Thief River Falls
Property Features
Accessible: Accessible Elevator Installed; No Stairs External
Air Conditioning: Central Air
CMU Style: Freestanding; Mixed Use
Construction Status: Previously Owned
Current Use: Professional Service; Restaurant; Retail
Exterior: Brick/Stone
Flooring: Tile; Wood
Foundation: 8 ft+ Pour
Fuel: Natural Gas
Heating: Forced Air
Internet Options: Cable; Fiber Optic
Loan Terms: Conventional
Location Description: Downtown; Free Standing
Lock Box Type: None
Miscellaneous Information: 2+ Lavatories; Alley; Display Window
On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate
Road Frontage: City Street; Curbs; Highway; Paved Streets; Sidewalks; Storm Sewer; Street Lights
Road Responsibility: Public Maintained Road
Roof: Rubber
Sewer: City Sewer/Connected
Stories: Three Or More
Wall Description: Concrete/Block; Drywall
Water: City Water/Connected
Listing Office: Nordin Realty Inc.
Last Updated: April - 17 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.