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$1,200,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • 25,530 Sq. Ft.
  • 0.213 Acres
  • Updated 1 day ago
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This beautifully-renovated commercial building needs a new owner. The character, charm and historic significance has been well-preserved and is once-again a thriving hub of downtown Thief River Falls. The top floor is a busy restaurant with a birds-eye view of downtown activity. A portion of the main floor is a bustling retail store with an expansive selection of clothing, housewares, home decor and floral services. The remainder is home to a top-notch engineering firm. The basement is unfinished but stands ready for an entrepreneur with a unique vision for the available 8000+ square feet. Schedule your private walk-through of this terrific investment opportunity.

Full Property Details for 115 3rd St E

General

  • Price: $1,200,000
  • Taxes: $29,460 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7057643
  • Updated: 4/17/2026
  • Added to Site: 2 day(s) ago

Interior

  • Flooring: Tile, Wood

Parking

  • Parking Features: On-Street Parking Only

Location

  • County: Pennington
  • Township: Thief River Falls
  • Subdivision: Townsite/Thief River Falls
  • Driving Directions: In TRF: Downtown TRF, corner of 3rd St and LaBree Ave.

School Information

  • School District: 1975 - Thief River Falls
  • High School District: Thief River Falls

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

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

Structural Information

  • Basement: Yes
  • Foundation Size: 8510
  • Roof: Rubber
  • Disability Access: Accessible Elevator Installed, No Stairs External
  • Square Feet: 25,530
  • Finished Down/Base.: 25,530 Sq. Ft.
  • Current Bldg. Use: Professional Service, Restaurant, Retail
  • Year Built: 1897

Lot Features

  • Lot Size (Acres): 0.213
  • Lot Dimensions: 116 x 50, 140 x 25
  • Frontage: City Street, Curbs, Paved Streets, Sidewalks, Street Lights, Storm Sewer, Highway
  • Zoning: Business/Commercial

Financial Considerations

  • Tax Amount: $29,460
  • Tax Year: 2025
  • Terms: Conventional

Disclosures and Reports

  • Legal Description: ORIGINAL TOWNSITE OF THIEF RIV E 116' OF LOTS 1 & 2 AND ALL OF LOT 3 BLK 29
  • Inclusions: Building
  • Property ID: 2500322990

Listed by Nordin Realty Inc.

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Listing agent

— 115 3rd St E —

  • Nordin Realty Inc.

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NMLS#: 1598647

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NMLS#: 1598647

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

Schools serving 115 3rd St E

School District:Thief River Falls School District
NameGradesDistance
Challenger Elementary School
601 County Road 61, Thief River Falls, MN 56701
PK-51.7 mi
Franklin Middle School
300 Spruce Avenue South, Thief River Falls, MN 56701
6-81 mi
Lincoln Senior High School
101 Knight Avenue South, Thief River Falls, MN 56701
9-120.3 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 115 3rd St E Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/17/2026
Listed
$1,200,000
104.93%
MLS
6/03/2025
Sold
$585,575
—
Public Record
Get Price Alerts and Save Property
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 115 3rd St E

Year
Property Taxes
Change
Tax Assessment
Change
2024
$23,161
127%
$292,200
2%
2023
$10,204
20%
$286,500
25%
2022
$8,522
-2%
$228,400
13%
2021
$8,716
87%
$201,500
129%
2020
$4,672
-4%
$88,100
-8%
2019
$4,854
104%
$95,700
—
2018
$2,380
-59%
$95,700
-56%
2017
$5,782
10%
$215,100
6%
2015
$5,246
—
$202,900
—
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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Listed by Nordin Realty Inc.

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115 3rd Street E, Thief River Falls, MN 56701 (MLS# 7057643) is a Commercial property. 115 3rd Street E is currently listed for $1,200,000 and was received on April 17, 2026. Want to learn more about 115 3rd Street E? Do you have questions about finding other Commercial real estate for sale in Thief River Falls? You can browse all Thief River Falls real estate or contact a Coldwell Banker agent to request more information.

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