405/407 4th Street, International Falls, MN 56649 (MLS# 7065137)

405/407 4th Street, International Falls, MN 56649

$169,500
Property Type: Commercial Lot Size (sq. ft.): 4,792 Status: Active
Current Price: $169,500 List Date: 5/01/2026 Last Modified: 8/27/2026

Overview

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!

Listing Details MLS# 7065137

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
4
Owner Occupied
No
Waterfront YN
No
Year Built
1940
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Foundation Size
3040
For Sale or Lease
For Sale
Acres
0.11
Lot Dimensions
40x142
Assessment Pending
No

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

Contract Information

Contingency
None
ListPrice
169500
Owner is an Agent?
Yes
Auction?
No

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

Assessments

Tax With Assessments
3460

Building Information

Building Finished SqFt
4560

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
71
Section#
34
Township#
71

Sale Options

Sale Includes
Building, Leases

Unit 2

No. of 2 Bedroom Units
2

Unit Details

Total Units
3

Documents

IDX
Listing Office: Move it Real Estate Group/Lakehomes
Last Updated: August - 27 - 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. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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