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$259,900 Just Listed

  • For Sale
  • Active
  • Commercial
  • 4,300 Sq. Ft.
  • 0.07 Acres
  • Updated 3 days ago
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This 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 - 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 - $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.

Full Property Details for 427 3rd St

General

  • Price: $259,900
  • Taxes: $2,462 (2026)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7079496
  • Updated: 5/22/2026
  • Added to Site: 4 day(s) ago

Interior

  • Appliances: Range, Refrigerator
  • Flooring: Engineered Hardwood, Tile, Wood

Rooms

Bathrooms

  • Total Bathrooms: 2

Bedrooms

  • Total Bedrooms: 4

Parking

  • Parking Features: Parking Lot

Location

  • County: Koochiching
  • Township: International Falls
  • Subdivision: International Falls
  • Driving Directions: From Hwy 11 - turn North to 2nd Ave - West to 3rd Street (Great Tiver Rd) to the property on left

School Information

  • School District: 361 - International Falls
  • High School District: International Falls

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Baseboard
  • Heating Fuel: Electric

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Separate, Heating Separate, Hot Water Common

Structural Information

  • Exterior Const.: Brick
  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Full, Partially Finished
  • Foundation Size: 2150
  • Roof: Flat, Rubber
  • Disability Access: Other
  • Square Feet: 4,300
  • Finished Down/Base.: 4,300 Sq. Ft.
  • Current Bldg. Use: Professional/Office, Food Service, Office, Retail, Vacant
  • Year Built: 1927

Unit Information

  • Units w/Refrigerators: 2

Lot Features

  • Lot Size (Acres): 0.07
  • Lot Dimensions: 126' x 25'
  • Frontage: City Street
  • Potential Use: Office, Other, Professional Service, Rest/Lounge, Restaurant, Retail, Shop
  • Zoning: Business/Commercial

Financial Considerations

  • Tax Amount: $2,462
  • Tax Year: 2026
  • Terms: Conventional Rehab, Conventional, Cash, Rural Development
  • Tenant Pays: All Utilities

Disclosures and Reports

  • Legal Description: LOT 6 BLK 18
  • Inclusions: Building, Fixture/Equipment, Leases
  • Property ID: 9200618060

Listed by Discovery Group, Inc

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Listing agent

— 427 3rd St —

  • Discovery Group, Inc

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NMLS#: 1598647

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Be ready to buy your new home!

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NMLS#: 1598647

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Find the right home insurance for your new home!

with our affiliated in-house agency

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 427 3rd St

School District:International Falls School District
NameGradesDistance
Falls Elementary School
1414 15th Avenue, International Falls, MN 56649
PK-51.2 mi
Falls Secondary
1515 11th Street, International Falls, MN 56649
6-121.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 427 3rd St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/22/2026
Listed
$259,900
319.19%
MLS
12/29/2016
Sold
$62,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 427 3rd St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,624
4%
$98,500
—
2024
$2,518
40%
$98,500
28%
2023
$1,796
-12%
$77,000
-11%
2022
$2,050
15%
$86,500
11%
2020
$1,789
2%
$77,600
—
2019
$1,758
4%
$77,600
—
2019
$1,696
5%
$77,600
—
2018
$1,620
-10%
$77,600
—
2017
$1,803
27%
$77,600
23%
2015
$1,420
—
$63,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Discovery Group, Inc

427 3rd Street, International Falls, MN 56649 (MLS# 7079496) is a Commercial property. 427 3rd Street is currently listed for $259,900 and was received on May 22, 2026. Want to learn more about 427 3rd Street? Do you have questions about finding other Commercial real estate for sale in International Falls? You can browse all International Falls real estate or contact a Coldwell Banker agent to request more information.

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