$259,900
427 3rd Street
International Falls, MN 56649
MLS# 7079496
4 beds  |  2 baths


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Property Description
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.

Details
Maps
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Current Price: $259,900
Contingency: None
ListPrice: 259900
List Date: 2026-05-22
Office/Member Info
Association: MAAR
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
Lot Dimensions: 126' x 25'
Acres: 0.07
Foundation Size: 2150
Garage Stalls: 0
For Sale or Lease: For Sale
Assessment Pending: Unknown
Bedrooms: 4
Baths Total: 2
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: 1
Air Conditioning
Central Air: 1
Appliances
Range: 1
Refrigerator: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 2624
Assumable Loan
Not Assumable: 1
Basement
Full: 1
Partially Finished: 1
Building Information
Building Finished SqFt: 4300
Building SqFt: 4300
Construction Materials
Brick: 1
Construction Status
Previously Owned: 1
Existing Financing
Conventional: 1
Exterior
Brick/Stone: 1
Flooring
Engineered Wood: 1
Tile: 1
Wood: 1
Foundation
Brick/Mortar: 1
Concrete Block: 1
Fuel
Electric: 1
Heating
Baseboard: 1
Lease Details
Land Leased: Not Applicable
Lock Box Type
Combo: 1
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Parking Lot: 1
Road Frontage
City Street: 1
Road Responsibility
Public Maintained Road: 1
Roof
Flat: 1
Rubber: 1
Sale Options
Sale Includes: Building, Fixture/Equipment, Leases
Sewer
City Sewer/Connected: 1
Stories
Two: 1
Unit 1
Lease Expiration Date: 2026-11-30
Leased?: Yes
Unit Number: 1
Monthly Rent: 700
Full Baths: 1
Total Bathrooms: 1
Total Bedrooms: 2
Unit Details
Total Units: 2
Water
City Water/Connected: 1
Income and Expenses
Annual Gross Income: 16800
No. of Ranges
Two: 1
No. of Refrigerators
Two: 1
Tenant Pays
All Utilities: 1
Unit 2
Lease Expiration Date: 2026-11-30
Leased?: Yes
No. of 2 Bedroom Units: 2
Unit Number: 2
Full Baths: 1
Monthly Rent: 700
Total Bathrooms: 1
Total Bedrooms: 2
On Site Utilities
Electric Separate: 1
Heating Separate: 1
Hot Water Common: 1
CMU Style
Apartments and Retail: 1
Low Rise: 1
Office: 1
Retail/Shopping Center: 1
Current Use
Business Service: 1
Food Service: 1
Office: 1
Retail: 1
Vacant: 1
Loan Terms
Cash: 1
Conventional: 1
Conventional Rehab: 1
Rural Development: 1
Location Description
Downtown: 1
Potential Use
Office: 1
Other: 1
Professional: 1
Rest/Lounge: 1
Restaurant: 1
Retail: 1
Shop: 1
Rent Rate per Foot
Per Month: 1
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
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

IDX
Listing Office: Discovery Group, Inc

Last Updated: May - 27 - 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.