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    1301 3Rd St Thief River Falls, MN 56701

    For Sale
    $645,000

    5-Acre Commercial Lot, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Exceptional commercial land opportunity in Thief River Falls, MN, totaling 5.09 acres (221,720.4 sq ft). This property boasts a 12,000 sq ft building featuring an entryway, large display area, six offices, two half-baths, a break room, and two additional rooms. A 10,000 sq ft cold storage area with overhead doors provides ample space for various commercial uses. An additional 62' x 165' metal pole building with overhead doors offers further storage or workspace. The site includes a paved area between the buildings, a front parking lot, and a chain-link fence with gated access. The property's location offers excellent highway visibility, making it ideal for businesses seeking high traffic exposure. Significant expansion potential exists on the expansive lot. The property is also available for lease at $8,000 per month, with lease terms negotiable. This is a rare opportunity to acquire a versatile commercial property with significant existing infrastructure and substantial room for growth in a thriving Minnesota community. The asking price for the land is $645,000. The property was built in 1978.

    Property Features for 1301 3Rd St

    General Information

    Property type
    Land

    Building Details

    Year Built
    1978

    HighLights

    • 5.09‑acre commercial land parcel (221,720 sq ft) in Thief River Falls, MN.
    • 12,000 sq ft building with office space, display area, and break room.
    • 10,000 sq ft cold storage area with overhead doors.
    • 62' x 165' metal pole building with overhead doors.
    • Paved areas, parking lot, and fenced yard with gated access.
    • High‑visibility location with excellent highway exposure.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Thief River Falls
    County
    Pennington
    State
    Minnesota
    Longitude
    -96.2002892
    Latitude
    48.1218445

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - 5-Acre Commercial Lot, High Visibility
    Where is this land located?
    The property is located at 1301 3Rd St Thief River Falls, MN.
    What is the asking price?
    The asking price for this property is $645,000.
    What are key features of this property?
    This property features: 5.09-acre commercial land parcel (221,720 sq ft) in Thief River Falls, MN.; 12,000 sq ft building with office space, display area, and break room.; 10,000 sq ft cold storage area with overhead doors.
    Request Owner's contact information
    1301 3Rd St Thief River Falls, MN 56701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1301 3Rd St Thief River Falls, MN 56701
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