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Mixed-Use Building with Apartments
New
For Sale
$129,000

426 3rd Street, International Falls, MN 56649

Commercial space at street level is complemented by three occupied apartments upstairs.

Property SizeContact for details
Days on Market4

Property Features for 426 3rd Street

General Information

Standard status Active
Property subtype Commercial
Zoning Business/Commercial
Occupancy 100%

Additional Details

Mixed-Use Components commercial, residential
Multifamily Units 3
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $2,124

Building Details

Year Built 1910
Buildings 1
Units 4
Tenancy Multi
Listing Agency: Move it Real Estate Group/Lakehomes
Listed By: Cari Rostie
Source: Getyoumoved
Added: Oct 22 Changed: Oct 23 Last Checked: Oct 23 at 5:30PM

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

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Investment Insights

Based on property information with market context.

Built in 1910, this mixed-use building combines 1,892 square feet of main-floor commercial area with three apartments on the upper level. The apartments are fully rented, and the property carries Business/Commercial zoning. Some off-street parking is available behind the building.

The property is in downtown International Falls at 426 3rd Street, among established businesses in a high-traffic area. The ground-floor space is identified for retail, office, or service use.

Key Highlights

  • 1,892 square feet of main‑floor commercial space
  • Three upper‑level apartments, all rented
  • Business/Commercial zoning

Property Analytics

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Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Grocery & Convenience Store Kitchen & Bath Showroom Plumbing Service Bakery Furniture & Home Goods

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

3
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 Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercial space at street level is complemented by three occupied apartments upstairs.
Where is this mixed-use property located?
The property is located at 426 3rd Street International Falls, MN.
What is the asking price?
The asking price for this property is $129,000.
What are key features of this property?
This property features: 1,892 square feet of main‑floor commercial space; Three upper‑level apartments, all rented; Business/Commercial zoning
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