Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    426 3Rd St International Falls, MN 56649

    Sponsored
    For Sale
    $129,000

    Commercial - International Falls, MN

    Property size:
    1,892 SF
    Lot size:
    0.08 Acres
    Days on Market:
    1
    Last Refresh:
    Jan 27 at 6:06 pm

    Property Features for 426 3Rd St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    APN
    9200617190
    Parking features
    Driveway, Paved or Surfaced, Unassigned
    Exterior features
    Brick/Stone
    Appliances
    Range, Refrigerator
    Size
    1,892 SF
    Lot size
    0.08 Acres

    Utilities

    Heating system
    Hot Water (Heating), Radiant
    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1910
    Building materials
    Brick
    Roof type
    Flat, Rubber
    Architectural style
    Other

    We can help!

    Listing Contact
    Cari Rostie

    Move It Real Estate Group by Lakehomes.com (218) 327-9889

    Listing agent Cari Rostie (218) 327-9889

    Listing date Jan 27, 2026

    MLS# 7012838 Listing URL

    Copyright © 2026 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Mixed-Use Building in Downtown

    This mixed-use property is located in downtown International Falls, MN. The building features 1,892 square feet of main-floor space, suitable for retail, office, or service businesses. The property benefits from excellent street visibility and is situated in a high-traffic area surrounded by established businesses. Additionally, the property includes three fully rented upper-level apartments, providing immediate rental income. Some off-street parking is available in the back. The property is zoned for business and commercial use and presents an opportunity for investors or owner-operators seeking business potential and steady rental revenue.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    International Falls
    County
    Koochiching
    State
    Minnesota
    Longitude
    -93.406126
    Latitude
    48.602996

    Nearby Similar for Sale

    • $345,000
      5,859 SF

      Craftsman-Style Fourplex in International Falls

      Meticulously maintained fourplex with strong rental history and unique character.
      1601 W 4Th Ave, International Falls, MN 56649
      View Details
    • $210,000
      0.24 Acres

      Fully Rented Apartment Investment

      Turnkey apartment property with reliable tenants and immediate cash flow.
      408 10Th St, International Falls, MN 56649
      View Details
    • New
      $180,000
      3,113 SF

      Commercial Building in Prime Location

      3113 sq ft commercial building in high-demand location.
      619 3Rd Ave, International Falls, MN 56649
      View Details
    • New
      $150,000
      2,820 SF

      Commercial Building in Prime Location

      2820 sq ft commercial building in a high-traffic location.
      615 3Rd Ave, International Falls, MN 56649
      View Details
    • New
      $650,000
      2.75 Acres

      Turnkey Retail Opportunity, International Falls

      Established liquidation business with building and inventory included in sale.
      1313 3Rd St, International Falls, MN 56649
      View Details
    • $599,000
      9,359 SF

      Profitable MN Motel - 25 Rooms

      Turnkey Motel, High ROI, Seller Financing
      1210 3Rd St, International Falls, MN 56649
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Downtown commercial building with retail space and rental apartments.
    Where is this mixed-use property located?
    The property is located at 426 3Rd St International Falls, MN.
    What is the asking price?
    The asking price for this property is $129,000.
    What are key features of this property?
    This property features: - Prime downtown location offering excellent street visibility.; - Mixed-use property featuring commercial space and three fully rented apartments.; - Immediate income from upper-level apartment rentals.
    (218) 327-9889
    Request Owner's contact information
    426 3Rd St International Falls, MN 56649
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    426 3Rd St
    International Falls, MN 56649
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    426 3Rd St International Falls, MN 56649
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Cari Rostie
    (218) 327-9889
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.