427 3rd Street, International Falls, MN 56649 (MLS# 7079496)
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$259,900
427 3rd Street
International Falls, MN 56649
MLS# 7079496
4 beds | 2 baths
Property DescriptionThis standout 1927 all-brick building delivers the best of both worlds: immediate rental income and a blank canvas to build your business. The main-level commercial space is mid-renovation with new oversized storefront windows and a double-glass entry already installed â all building materials on-site are included, giving you a significant head start on your buildout. Exposed brick walls, open floor plan, and high ceilings create the kind of character perfect for a bakery, café, boutique, or office. While you finish your space, two fully leased 2-bedroom upper apartments generate $1,400/month in income. Highlights:
All renovation materials included in sale; New storefront windows & entry doors installed; Two leased 2BR units â $16,800 gross annual income; Solid brick construction | City water & sewer | Central A/C; Prime downtown location next to Wells Fargo; Steps from border crossing, Voyageurs National Park gateway traffic. Buy the building. Collect the rent. Build the business.
Status: Active
Current Price: 259900
Contingency: None
ListPrice: 259900
List Date: 2026-05-22
Owner is an Agent?: No
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 2
Owner Occupied: No
Waterfront Present: No
Year Built: 1927
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Bedrooms: 4
Baths Total: 2
Foundation Size: 2150
For Sale or Lease: For Sale
Acres: 0.07
Lot Dimensions: 126' x 25'
Assessment Pending: Unknown
House Number: 427
Street Name: 3rd
Street Suffix: Street
Postal City: International Falls
County: Koochiching
State: MN
Zip Code: 56649
Complex/Dev/Subdivision: International Falls
Tax With Assessments: 2624
Building Finished SqFt: 4300
Building SqFt: 4300
Annual Gross Income: 16800
Land Leased: Not Applicable
Sale Includes: Building, Fixture/Equipment, Leases
Unit Number: 1
Monthly Rent: 700
Full Baths: 1
Total Bathrooms: 1
Total Bedrooms: 2
Leased?: Yes
Lease Expiration Date: 2026-11-30
No. of 2 Bedroom Units: 2
Full Baths: 1
Lease Expiration Date: 2026-11-30
Leased?: Yes
Monthly Rent: 700
Total Bathrooms: 1
Total Bedrooms: 2
Unit Number: 2
Air Conditioning: Central Air
Appliances: Range; Refrigerator
Assumable Loan: Not Assumable
Basement: Full; Partially Finished
CMU Style: Apartments and Retail; Low Rise; Office; Retail/Shopping Center
Construction Materials: Brick
Construction Status: Previously Owned
Current Use: Business Service; Food Service; Office; Retail; Vacant
Existing Financing: Conventional
Flooring: Engineered Wood; Tile; Wood
Foundation: Brick/Mortar; Concrete Block
Loan Terms: Cash; Conventional; Conventional Rehab; Rural Development
Location Description: Downtown
On Site Utilities: Electric Separate; Heating Separate; Hot Water Common
Parking Characteristics: Parking Lot
Potential Use: Office; Other; Professional; Rest/Lounge; Restaurant; Retail; Shop
Rent Rate per Foot: Per Month
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Sewer: City Sewer/Connected
Tenant Pays: All Utilities
Water: City Water/Connected
Listing Office: Discovery Group, Inc
Last Updated: May - 22 - 2026

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Sunday 24th of May 2026 05:08 AM