Technical
Financial
Distress signals
Property profile

1436 Main Ave Thief River Falls, MN 56701

OFF-MARKET
Land
Built 1960
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Property summary

AI-generated overview

This exceptional commercial property presents a remarkable investment opportunity in Thief River Falls, Minnesota. Located at 1436 Main Avenue N, this 38,332.8 square foot lot features a substantial 4,700+ square foot commercial building constructed in 1960. The property has undergone significant improvements in recent years, enhancing its functionality and appeal. These upgrades include the installation of a new furnace and central air conditioning unit, ensuring year-round comfort. Energy-efficient LED lighting has been implemented throughout, reducing operating costs. New flooring has been installed, contributing to a modern and updated aesthetic. Furthermore, the property has been enhanced by the addition of six new rental storage units, providing an immediate source of supplemental income. This prime location in Pennington County, zip code 56701, offers excellent visibility and accessibility, making it an ideal site for a variety of commercial ventures. The property's recent renovations, combined with its strategic location and added rental income potential, make this a truly compelling investment opportunity. Don't miss the chance to own this exceptional commercial property in a thriving Minnesota community.

Property profile

Verified
Property type Land
Year built 1960

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Rental Facility
  • (Bike/Boat/Book/etc) Store Printing Service

Location

1436 Main Ave Thief River Falls, MN 56701
Thief River Falls metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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