$300,000
International Falls, MN 56649
MLS# 6138105
Status: Closed
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Property Description
Very clean, meticulously maintained business. 3 bedrooms, 1 bath in the upstairs apartment with the option for a 4th bedroom along with a 3-season screened in porch. Live upstairs and run your business downstairs. Restaurant has a front bar with 6 built-in stools and 8 tables with 4 chairs at each. Great opportunity for anyone wanting to start their own restaurant or other business.
Details
Maps
Documents
None
Allow Auto Valuation: Yes
Allow Consumer Comment: No
MLSID: RMLS
Contract Information
Status: Closed
Off Market Date: 2022-12-01
Current Price: $300,000
Closed Date: 2022-12-09
Sales Close Price: 300000
Original List Price: 325000
Contingency: None
ListPrice: 325000
List Date: 2022-01-21
Owner is an Agent?: No
Auction?: No
Office/Member Info
Association: MAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: Yes
Owner Occupied: No
Year Built: 1978
Yearly/Seasonal: Yearly
Zoning: Business/Commercial,Residential-Single Family
Foundation Size: 1156
Power Company: Minnesota Power
For Sale or Lease: For Sale
Acres: 0.11
Lot Dimensions: 135x36
Assessment Pending: No
Location, Tax and Other Information
Legal Description: LOT 2 & N 1/2 LOT 3 BLK 2
Map Page: 999
Municipality: International Falls
Rental License?: No
School District Phone: 218-283-2571
Map Coordinate Source: King's Street Atlas
House Number: 1510
Street Name: 2nd
Street Suffix: Avenue
Postal City: International Falls
County: Koochiching
State: MN
Zip Code: 56649
Zip Plus 4: 3443
Property ID Number: 9212902050
Complex/Dev/Subdivision: Wallace Add To Koochiching
Tax Year: 2021
Tax Amount: 456
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Very clean, meticulously maintained business. 3 bedrooms, 1 bath in the upstairs apartment with the option for a 4th bedroom along with a 3-season screened in porch. Live upstairs and run your business downstairs. Restaurant has a front bar with 6 built-in stools and 8 tables with 4 chairs at each. Great opportunity for anyone wanting to start their own restaurant or other business.
Directions: Hwy 53 through International Falls, heading north, left at 1508 2nd ave. Across street from gas station.
Additional Parcels Information
Property ID #2: 9212902030
Assessments
Tax With Assessments: 456
Basement
Foundation Dimensions: 40x24
Building Information
Building Finished SqFt: 2312
Building SqFt: 3468
Income and Expenses
Annual Electric Expense: 6708.97
Annual Fuel Expense: 4288.69
Annual Gross Income: 447293
Annual Insurance Expense: 9636.83
Annual Net Income: 239466
Annual Repair Expense: 1047.68
Annual Trash Expense: 1725.16
Annual Water/Sewer Expense: 3425.23
Total Annual Expenses: 207827
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
FIPS Code: 27071
Homestead: No
Ownership
Fractional Ownership: No
Sale Options
Sale Includes: Building,Fixture/Equipment,Land
Unit 3
No. of 3 Bedroom Units: 1
Unit Details
Total Units: 2
Property Features
Accessible: Reduced Height Counters; Wheelchair Ramp
Air Conditioning: Central; Window
Amenities Shared: None
Amenities Unit: Balcony; Cable; Porch; Washer/Dryer Hookup
Appliances: Cooktop; Dishwasher; Dryer; Electronic Air Filter; Exhaust Fan/Hood; Freezer; Gas Water Heater; Indoor Grill; Microwave; Range; Refrigerator; Washer
Assumable Loan: Not Assumable
Basement: Concrete Block; Partial; Storage Space; Sump Pump; Unfinished
CMU Style: Mixed Use
Commercial Kitchen Appliances: Cookware/Utensils; Dishwasher; Flat Top; Freezer; Fryer; Grill; Ice Machine; Oven; Pre-Piped Fire Suppression System; Prep Station; Refrigerator; Shelving and Racks; Walk-In Cooler/Freezer; Warming Table
Construction Status: Previously Owned
Current Use: Food Service
Exterior: Cement Board
Fencing: None
Financing Terms: Contract For Deed
Floor Description: Carpet; Tile
Fuel: Natural Gas
Heating: Forced Air
Internet Options: Cable
Loan Terms: Cash; Conventional; FHA; VA
Location Description: Free Standing
Lot Description: Irregular Lot
Miscellaneous Information: Alarms
No. of Ranges: Two
No. of Refrigerators: Four
On Site Utilities: Electric Common; Heating Common; Hot Water Common
Owner Pays: None
Parking Characteristics: Paved Lot; Uncovered/Open
Pool Description: None
Rent Rate per Foot: None
Road Frontage: City Street; Curbs; Sidewalks; Storm Sewer; Street Lights
Road Responsibility: Public Maintained Road
Roof: Asphalt Shingles; Rubber
Sewer: City Sewer/Connected
Stories: Two
Tenant Pays: None
Wall Description: Drywall; Finished; Insulated
Water: City Water/Connected
Window Features: Blinds; Window Coverings
Sellers Disclosure 
Listing Office: eXp Realty
Last Updated: January - 31 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.