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Mixed-Use Building with Office and Apartments

405/407 4th Street, International Falls, MN 56649

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For Sale

$174,900

Commercial - International Falls, MN

Lot size:

0.11 Acres

HighLights

11% capitalization rate
Fully rented property
Turn‑key investment
Mixed‑use (commercial and residential)
Stable commercial tenant (20+ years)
Two 2‑bedroom apartments

We can help!

Listing Contact

Lucas Debenedet

For Sale

$174,900

Commercial - International Falls, MN

Lot size:

0.11 Acres

Added:: May 1, 2026
Days on Market:: 48
Last Refresh:: Jun 17 at 1:06 am

Property Features for 405/407 4th Street

General Information

Property type: Commercial Sale
Property subtype: Other
Zoning: Residential-Multi-Family
Parking features: Offsite, Parking Lot
Exterior features: Block
Appliances: Range, Refrigerator
Standard status: Active
APN: 9200619090
Lot size: 0.11 Acres

Taxes and HOA fees

Tax Year: 2026
Tax Annual Amount: 3460

Building Details

Year built: 1940
Architectural style: Other

We can help!

Listing Contact

Lucas Debenedet

Listing agent Lucas Debenedet

Listing office Move It Real Estate Group by Lakehomes.com 225 NW 1st Ave, Grand Rapids, MN

Listing date May 1, 2026

MLS# 7065137 Listing URL

HighLights

11% capitalization rate
Fully rented property
Turn‑key investment
Mixed‑use (commercial and residential)
Stable commercial tenant (20+ years)
Two 2‑bedroom apartments

Overview

This turn-key mixed-use building includes a main-floor office space and two residential apartments on the second floor. The property is fully rented, with the office leased to the same tenant for 20+ years, and the two second-floor units comprising two-bedroom apartment layouts. The offering is presented as a stabilized income asset with an indicated 11% capitalization rate, and the site sits on a 0.11-acre lot.

Located at 405/407 4th Street in International Falls, Minnesota (Koochiching County), the property is under Residential-Multi-Family zoning. It’s configured as a vertical mixed-use building, with commercial space at street level and residential units above.

For buyers seeking a straightforward owner-occupied or investment setup, this layout supports simultaneous commercial and residential occupancy under one roof. The existing leasing in place can appeal to tenants and operators looking for a building with an established office tenant history and two separate residential tenants occupying the second floor. The combination of use types may also be useful for portfolio diversification within a single property.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: International Falls
County: Koochiching
State: Minnesota
Longitude: -93.405725
Latitude: 48.601347

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For sale
Mixed-use properties
MN
International Falls
56649
405/407 4th Street

What type of property is this?

Mixed-use property - Fully rented mixed-use property combining an office space with two second-floor two-bedroom 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 $174,900.

What are key features of this property?

This property features: 11% capitalization rate; Fully rented property; Turn‑key investment

405/407 4th Street, International Falls, MN 56649

Commercial - International Falls, MN

Property Features for 405/407 4th Street

General Information

Taxes and HOA fees

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Flexible Commercial Space Opportunity

Craftsman-Style 4-Plex Investment Opportunity

Mixed-Use Building in Downtown

Multifamily and Single-Family Investment Opportunity

Multi-Tenant Retail Building

Retail Building on Highway 53

Retail Investment Opportunity in Minnesota

Profitable Hobby Store with Apartments

Turnkey Motel on Highway 53

Voyageur Motel: Turnkey Hospitality Investment

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