1301 3Rd St, Thief River Falls, MN 56701
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.