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Mixed-Use Building with Apartments
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 Market166

Property Features for 405/407 4th Street

General Information

Property type Commercial Sale
Property subtype Apartment
Zoning description Residential-Multi-Family
Parking features Offsite, Parking Lot, Covered
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
Listed By: Lucas Debenedet
Added: May 1 Changed: Oct 8 Last Checked: Oct 13 at 4:06AM
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.

Built in 1940, this mixed-use property combines ground-floor office space with two second-floor apartments. The office has remained with the same tenant for more than 20 years, and both apartments have two bedrooms. The property is fully occupied and sits on a 0.11-acre lot.

Heating is oil-fired. Range and refrigerator appliances are included, and parking features include a parking lot, covered parking, and off-site parking.

Key Highlights

  • Fully occupied mixed‑use property with office space and two apartments
  • Same office tenant for 20+ years
  • Two second‑floor apartments, each with 2 bedrooms

Property Analytics

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Current Use

Mixed-use properties

Suggested Use

Top Pick Real Estate Agency Grocery & Convenience Store Kitchen & Bath Showroom Plumbing Service Furniture & Home Goods (Bike/Boat/Book/etc) Store

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

Lease Details

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

376
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - An established office tenant occupies the ground floor, with two apartments above.
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: Fully occupied mixed‑use property with office space and two apartments; Same office tenant for 20+ years; Two second‑floor apartments, each with 2 bedrooms
More about this property
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