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Buying Island Lake Property Selling Hay Island Property Recently Sold Instant Notifications

MLS# 7079496 - 427 3rd Street International Falls, MN 56649

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.

Discovery Group, Inc is the brokerage office representing the owner for this listing.
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Heartland Real Estate | Melanie Mix is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Heartland Real Estate | Melanie Mix, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at 5/22/2026 6:48:00 PM.