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Renovated Mixed-Use Commercial Building
For Sale
$985,000

115 3rd St E, Thief River Falls, MN 56701

Renovated building offering upper-floor restaurant space, main-floor retail, and office space currently used by an engineering firm.

Property Size25,530 SF
Price / SF$38.58
Days on Market114

Property Features for 115 3rd St E

General Information

Standard status Active
Size 25,530 SF

Building Details

Year Built 1897
Listing Agency: Nordin Realty Inc.
Listed By: Diedre Nordin
Source: Bradadamrealty
Added: Jul 1 Changed: Oct 14 Last Checked: Oct 7 at 5:43PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nordin Realty Inc.

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Investment Insights

Based on property information with market context.

This beautifully renovated commercial building preserves historic character while providing a versatile mix of uses. The top floor operates as a restaurant with a birds-eye view of downtown activity. On the main floor, a portion is dedicated to retail, while the remainder is occupied by an engineering firm.

Located at 115 3rd St E in Thief River Falls, the property is positioned to serve downtown customers and operations.

The basement is unfinished and presented as additional flexible space, described as 8,000+ square feet and available for an entrepreneur’s vision. The building is offered for sale, with private walk-throughs available for qualified buyers.

Key Highlights

  • Renovated commercial building with upper‑floor restaurant, main‑floor retail, and office space
  • Top floor operates as a restaurant with views over downtown Thief River Falls
  • Main floor includes a retail store with clothing, housewares, home decor, and floral services

Property Analytics

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Current Use

The Shed Floral & Boutique (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Kitchen & Bath Showroom Parking Lot & Garage Skin Care Clinic HVAC Service Barber Shop Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

583
Businesses Nearby
Under-served
Demand for This Use

Demographics for 56701, MN

12,798
Population
6,246
Households
2
Avg Household Size
40
Median Age
20%
College-Educated
95%
High-School Grad
383.0 sq mi
ZIP Area
33
Density / Sq Mi
$73,243
Median Household Income
$46,917
Median Earnings
$897
Median Rent
$189,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Renovated building offering upper-floor restaurant space, main-floor retail, and office space currently used by an engineering firm.
Where is this conventional restaurant located?
The property is located at 115 3rd St E Thief River Falls, MN.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: Renovated commercial building with upper‑floor restaurant, main‑floor retail, and office space; Top floor operates as a restaurant with views over downtown Thief River Falls; Main floor includes a retail store with clothing, housewares, home decor, and floral services
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