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    OFF-MARKET
    Land

    1301 3Rd St, Thief River Falls, MN 56701

    Built 1978
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Land
    Year built 1978
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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