405/407 4th Street International Falls, MN 56649
For Sale MLS# 7065137
4,560 sq ft Commercial
Details for 405/407 4th Street
MLS# 7065137
Description for 405/407 4th Street, International Falls, MN, 56649
Turn-key Mixed-Use Investment Property – 11% Cap Rate – Fully RentedDon’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!
Listing Information
Property Type: Commercial, Apartments/Multi Family
Status: Active
Lot Size: 0.11 Acres
Square Feet: 4,560 sq ft
Year Built: 1940
Foundation: 3,040 sq ft
Stories: 2 Stories
Subdivision: International Falls
Number Of Units Total: 3
Current Use: Office,Residential
County: Koochiching
Days On Market: 81
Construction Status: Previously Owned
School Information
District: 361 - International Falls
Interior Features
Appliances: Range, Refrigerator
Basement: Other
Accessibility: Doors 36+
Utilities
Water: City Water - In Street, City Water/Connected
Sewer: City Sewer - In Street, City Sewer/Connected
Other Utilities: Electric Common,Heating Common,Hot Water Common
Heating: Boiler, Natural Gas
Exterior / Lot Features
Open Parking: 4
Parking Description: Uncovered/Open, Parking Lot, Off Site
Exterior: Block
Lot Dimensions: 40x142
Zoning: Residential-Multi-Family
Additional Exterior/Lot Features: Land Inclusions - Building,Leases
Driving 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.
Financial Considerations
Tenant Pays: None
Owner Pays: All Utilities
Tax/Property ID: 9200619090
Tax Amount: 3460
Tax Year: 2026
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Move it Real Estate Group/Lake
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 405/407 4th Street
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 405/407 4th Street
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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