Mixed-Use Retail and Apartment
For Sale
$259,900
427 3rd St, International Falls, MN 56649
Main-level retail is mid-renovation with new storefront windows and a double-glass entry, plus two leased 2-bedroom apartments.
Property SizeContact for details
Days on Market95
Property Features for 427 3rd St
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$2,462
Listing Agency:
Discovery Group, Inc
(612) 986-9386
Listed By:
Lana Yatskina
(612) 986-9386
Source:
Exprealty
Added: May 22
Changed: Aug 23
Last Checked: Aug 24 at 1:59PM
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 Discovery Group, Inc
Investment Insights
Based on property information with market context.
Built in 1927 with solid all-brick construction, this mixed-use property combines a mid-renovation main-level commercial space with two fully leased 2-bedroom apartments upstairs. The commercial area features exposed brick walls, an open floor plan, and high ceilings, with new oversized storefront windows and a double-glass entry already installed. All building materials needed to complete the renovation are included in the sale.
Located downtown near Wells Fargo, the property is steps from a border crossing and positioned in the Voyageurs National Park gateway area, supporting consistent day-to-day activity. The two leased upper apartments are currently generating gross annual rental income as stated in the offering.
Additional property details noted include city water and sewer and central A/C.
Located downtown near Wells Fargo, the property is steps from a border crossing and positioned in the Voyageurs National Park gateway area, supporting consistent day-to-day activity. The two leased upper apartments are currently generating gross annual rental income as stated in the offering.
Additional property details noted include city water and sewer and central A/C.
Key Highlights
- 1927 all‑brick building with mid‑renovation main‑level retail plus two leased 2‑bedroom upper apartments
- Main‑level renovation includes new oversized storefront windows and a double‑glass entry already installed
- All building materials for the renovation are included with the sale
Property Analytics
Property Profile
Current Use
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 Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Main-level retail is mid-renovation with new storefront windows and a double-glass entry, plus two leased 2-bedroom apartments.
Where is this duplex located?
The property is located at 427 3rd St International Falls, MN.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: 1927 all‑brick building with mid‑renovation main‑level retail plus two leased 2‑bedroom upper apartments; Main‑level renovation includes new oversized storefront windows and a double‑glass entry already installed; All building materials for the renovation are included with the sale
