Mixed-Use Building with
New
For Sale
$169,500
405/407 4th Street, International Falls, MN 56649
An occupied commercial office and two upstairs apartments combine business and residential space under multifamily zoning.
Property SizeContact for details
Days on Market7
Property Features for 405/407 4th Street
General Information
Standard status
Active
Property subtype
Commercial
Zoning
Residential-Multi-Family
Occupancy
100%
Space & Availability
Floor
Main Floor
Condition
Turnkey
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Additional Details
Cap Rate
11%
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$3,460
Building Details
Year Built
1940
Buildings
1
Units
3
Tenancy
Single
Listing Agency:
Move it Real Estate Group/Lakehomes
Listed By:
Lucas Debenedet
(218) 324-1596
Source:
Getyoumoved
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 23 at 2:24PM
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 Move it Real Estate Group/Lakehomes
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property has a ground-floor office and two apartments on the second floor. Each apartment contains two bedrooms, and the building was constructed in 1940. The office tenant has occupied the commercial space for more than 20 years, while both apartments are rented.
Zoning is Residential-Multi-Family, supporting the property’s mixed commercial and residential configuration.
Zoning is Residential-Multi-Family, supporting the property’s mixed commercial and residential configuration.
Key Highlights
- Ground‑floor office space has been leased to the same tenant for 20+ years
- Two rented second‑floor apartments, each with 2 bedrooms
- Residential‑Multi‑Family zoning
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
376
Businesses Nearby
Explore this area
Business Placement
Demographics for 56649, MN
8,923
Population
5,071
Households
1.8
Avg Household Size
48
Median Age
21%
College-Educated
94%
High-School Grad
285.3 sq mi
ZIP Area
31
Density / Sq Mi
$70,348
Median Household Income
$48,903
Median Earnings
$781
Median Rent
$143,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - An occupied commercial office and two upstairs apartments combine business and residential space under multifamily zoning.
Where is this mixed-use property located?
The property is located at 405/407 4th Street International Falls, MN.
What is the asking price?
The asking price for this property is $169,500.
What are key features of this property?
This property features: Ground‑floor office space has been leased to the same tenant for 20+ years; Two rented second‑floor apartments, each with 2 bedrooms; Residential‑Multi‑Family zoning
