UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision International Falls
MLS Listing ID 7065137
Year Built 1940
Annual Tax Amount $3,460
Tax Year 2026
Contingent None
Lot Size 4,791 Sqft
Lot Dimensions 40x142
Property Description
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!
Location
State MN
County Koochiching
Zoning Residential-Multi-Family
Rooms
Basement Other
Interior
Heating Boiler
Inclusions Building, Leases
Fireplace No
Appliance Range, Refrigerator
Exterior
Parking Features Off Site, Parking Lot, Open
Utilities Available Electric Common, Heating Common, Hot Water Common
Present Use Office,Residential
Building
Story Two
Foundation 3040
Sewer City Sewer/Connected, City Sewer - In Street
Water City Water/Connected, City Water - In Street
Level or Stories Two
New Construction false
Schools
School District International Falls
NEARBY SCHOOL & BUSINESS
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