213 Labree Ave Thief River Falls, MN 56701

Property Details for 213 Labree Ave

Year built

1920

Property type

Land

Description

This exceptional commercial land opportunity in Thief River Falls, Minnesota, presents a compelling investment prospect. Located at 213 Labree Avenue N, this 6,969.6 square foot lot boasts a rich history, having been developed in 1920. The existing structure, a professional center, offers significant income potential. The main floor comprises approximately 7,000 square feet and is divided into five or six units. The second floor mirrors this layout, also featuring approximately 7,000 square feet and seven units. A third floor adds another 1,800 square feet with a single unit. A partial basement, measuring 36 x 50 feet, provides valuable storage, utility space, and two bathrooms. An elevator serves all floors, enhancing accessibility. While two off-site parking spaces are currently included with one rental unit, further parking arrangements may be explored. The asking price for this property is $580,000. This property is situated in the heart of downtown Thief River Falls, offering excellent visibility and convenient access to local amenities and businesses. The strong rental history and potential for future growth make this a highly attractive investment. Detailed financial information is available upon request. This is a rare opportunity to acquire a well-established commercial property with significant upside potential in a thriving Minnesota community. The property is located in Pennington County, MN, zip code 56701.

Location Insight

City

Thief River Falls

County

Pennington

State

Minnesota

Longitude

-96.1804

Latitude

48.1186