$179,900
International Falls, MN 56649
MLS# 7065137
1 / 13
Property Description
Turn-key Mixed-Use Investment Property – 11% Cap Rate – Fully Rented Don’t miss this prime investment opportunity featuring a commercial business space with two residential apartments above, all fully rented and producing strong, consistent income. The main floor office space has been rented by the same tenant for 20+ years, adding stability to the commercial portion, while the two second floor 2 bedroom apartments provide reliable residential cashflow. With an impressive 11% capitalization rate, this mixed-use property offers the perfect blend of turn-key asset with tenants in place and cash flow from day one. Add this high-performing property to your portfolio today!
Details
Maps
Documents
Contract Information
Owner is an Agent?: Yes
Auction?: No
Status: Active
Current Price: $179,900
Contingency: None
ListPrice: 179900
List Date: 2026-05-01
Office/Member Info
Association: SPAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 4
Owner Occupied: No
Waterfront Present: No
Year Built: 1940
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Lot Dimensions: 40x142
Acres: 0.11
Foundation Size: 3040
Garage Stalls: 0
For Sale or Lease: For Sale
Assessment Pending: No
Location, Tax and Other Information
Legal Description: E 1/2 LOT 9 ALL LOT 10 BLK 19
SEC: 34 TWP: 71N RG: 24W
Listing City: International Falls
Map Page: 999
Municipality: International Falls
School District: International Falls
School District Phone: 218-283-2571
Zip Plus 4: 2805
Property ID Number: 9200619090
Tax Year: 2026
Tax Amount: 3460
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: Yes
Directions & Remarks
Public Remarks: Turn-key Mixed-Use Investment Property – 11% Cap Rate – Fully Rented
Don’t miss this prime investment opportunity featuring a commercial business space with two residential apartments above, all fully rented and producing strong, consistent income.
The main floor office space has been rented by the same tenant for 20+ years, adding stability to the commercial portion, while the two second floor 2 bedroom apartments provide reliable residential cashflow. With an impressive 11% capitalization rate, this mixed-use property offers the perfect blend of turn-key asset with tenants in place and cash flow from day one.
Add this high-performing property to your portfolio today!
Directions: From downtown Int'l Falls, head South on 3rd Ave and turn right on 4th Street. Building will be one block down on south side of street.
Accessible
Doors 36"+: 1
Appliances
Range: 1
Refrigerator: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 3460
Basement
Other: 1
Building Information
Building Finished SqFt: 4560
Construction Status
Previously Owned: 1
Exterior
Block: 1
Foundation
Poured Concrete: 1
Fuel
Natural Gas: 1
Heating
Boiler: 1
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Owner Pays
All Utilities: 1
Ownership
Fractional Ownership: No
Parking Characteristics
Parking Lot: 1
Off Site: 1
Uncovered/Open: 1
Public Survey Info
Range#: 71
Section#: 34
Township#: 71
Sale Options
Sale Includes: Building, Leases
Sewer
City Sewer - In Street: 1
City Sewer/Connected: 1
Stories
Two: 1
Unit Details
Total Units: 3
Water
City Water - In Street: 1
City Water/Connected: 1
Tenant Pays
None: 1
Unit 2
No. of 2 Bedroom Units: 2
On Site Utilities
Electric Common: 1
Heating Common: 1
Hot Water Common: 1
CMU Style
Apartments/Multi Family: 1
Current Use
Office: 1
Residential: 1
Location Tax and Other Information
House Number: 405/407
Street Name: 4th
Street Suffix: Street
Postal City: International Falls
County: Koochiching
State: MN
Zip Code: 56649
Complex/Dev/Subdivision: International Falls
Property Features
Accessible: Doors 36"+
Appliances: Range; Refrigerator
Basement: Other
CMU Style: Apartments/Multi Family
Construction Status: Previously Owned
Current Use: Office; Residential
Exterior: Block
Foundation: Poured Concrete
Fuel: Natural Gas
Heating: Boiler
On Site Utilities: Electric Common; Heating Common; Hot Water Common
Owner Pays: All Utilities
Parking Characteristics: Parking Lot; Off Site; Uncovered/Open
Sewer: City Sewer - In Street; City Sewer/Connected
Stories: Two
Tenant Pays: None
Water: City Water - In Street; City Water/Connected
2026 Monthly Info FAA Building.pdf 
Listing Office: Move it Real Estate Group/Lake
Last Updated: May - 01 - 2026
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.