Mixed-Use Property with
For Sale
$169,500
405/407 4th Street, International Falls, MN 56649
Commercial Sale, International Falls, MN
Property SizeContact for details
Lot Size0.11 Acres
Days on Market119
Property Features for 405/407 4th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Residential-Multi-Family
Parking features
Covered, Offsite, Parking Lot
Exterior features
Block
Appliances
Range, Refrigerator
Subdivision
International Falls
High school district
International Falls
Directions
From downtown Int'l Falls, head South on 3rd Ave and turn right on 4th Street. Building will be one block down on south side of street.
Standard status
Active
APN
9200619090
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3460
Utilities
Heating system
Oil
Building Details
Year built
1940
Listing Agency:
Move it Real Estate Group/Lakehomes
(218) 327-9889
Listed By:
Lucas Debenedet
(218) 327-9889
Added: May 1
Changed: Aug 27
Last Checked: Aug 27 at 8:06PM
MLS# 7065137
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property contains a commercial office area on the main floor and two second-floor apartments, each configured with two bedrooms. The building dates to 1940 and features block exterior construction, oil heat, ranges, and refrigerators. Covered and offsite parking options, along with a parking lot, support the property’s current operation.
The commercial space has been occupied by the same tenant for more than 20 years, while both apartments are rented. The property is located at 405/407 4th Street in International Falls, Minnesota, within Koochiching County and ZIP Code 56649. Reported performance includes an 11% cap rate, with the existing tenant mix spanning office and residential use.
The commercial space has been occupied by the same tenant for more than 20 years, while both apartments are rented. The property is located at 405/407 4th Street in International Falls, Minnesota, within Koochiching County and ZIP Code 56649. Reported performance includes an 11% cap rate, with the existing tenant mix spanning office and residential use.
Key Highlights
- 11% cap rate with all commercial and residential spaces rented
- Main‑floor commercial office space occupied by the same tenant for 20+ years
- Two second‑floor 2‑bedroom apartments
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased building combines a commercial office tenant with two residential apartments.
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: 11% cap rate with all commercial and residential spaces rented; Main‑floor commercial office space occupied by the same tenant for 20+ years; Two second‑floor 2‑bedroom apartments
