$1,500,000
Thief River Falls, MN 56701
MLS# 6501320
4 baths
1 / 2
Property Description
When the "old" becomes "new" again, this renovated commercial building is what you will experience! The character, charm, and historic significance of this building has been well-preserved and is once again a thriving hub of commercial activity in downtown Thief River Falls. The top floor is a bustling restaurant with a 10-year lease. The main floor includes a busy retail clothing, home-goods, and floral shoppe with a 9-year lease, and an engineering firm with 7 years remaining on their lease. The basement offers approximately 8500 square feet of possibilities, limited only by the imagination! Schedule your walk-through of this top-of-the-line investment property!
Details
None
MLSID: RMLS
Contract Information
Digitally Altered Photos: No
Status: Active
Current Price: $1,500,000
Contingency: None
ListPrice: 1500000
List Date: 2024-03-11
Owner is an Agent?: No
Auction?: No
Office/Member Info
Association: NWMAR
General Property Information
Lot Measurement: Acres
Management Company Name: Knox Re Inc.
Multiple PIDs?: No
Other Parking Spaces: 3
Owner Occupied: No
Year Built: 1897
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Baths Total: 4
Foundation Size: 8510
Power Company: Northern Municipal Power Agency
For Sale or Lease: For Sale
Acres: 0.21
Lot Dimensions: 116x50, 140x25
Location, Tax and Other Information
Legal Description: ORIGINAL TOWNSITE OF THIEF RIV E 116' OF LOTS 1 & 2 AND ALL OF LOT 3 BLK 29
Listing City: Thief River Falls
Map Page: 999
Municipality: Thief River Falls
Rental License?: No
School District Phone: 218-681-8711
House Number: 115
Street Name: 3rd
Street Suffix: Street
Street Direction Suffix: E
Postal City: Thief River Falls
County: Pennington
State: MN
Zip Code: 56701
Zip Plus 4: 9381
Property ID Number: R2500322990
Complex/Dev/Subdivision: Townsite/Thief River Falls
Tax Year: 2023
Tax Amount: 8522
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: When the "old" becomes "new" again, this renovated commercial building is what you will experience! The character, charm, and historic significance of this building has been well-preserved and is once again a thriving hub of commercial activity in downtown Thief River Falls. The top floor is a bustling restaurant with a 10-year lease. The main floor includes a busy retail clothing, home-goods, and floral shoppe with a 9-year lease, and an engineering firm with 7 years remaining on their lease. The basement offers approximately 8500 square feet of possibilities, limited only by the imagination! Schedule your walk-through of this top-of-the-line investment property!
Directions: In TRF: Hwy 59/3rd St E
Assessments
Tax With Assessments: 8522
Basement
Foundation Dimensions: 74x115
Building Information
Building Finished SqFt: 17000
Building SqFt: 25530
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Sale Options
Sale Includes: Building, Leases
Unit 1
Unit Number: 1
Half Baths: 1
Total Bathrooms: 1
Total Rooms: 3
Level: Main Level
Unit Total SqFt: 5624
Leased?: Yes
Lease Expiration Date: 2033-12-31
Unit 2
Half Baths: 1
Lease Expiration Date: 2030-05-31
Leased?: Yes
Level: Main Level
Total Bathrooms: 1
Total Rooms: 6
Unit Number: 2
Unit Total SqFt: 2664
Unit 3
Half Baths: 2
Lease Expiration Date: 2034-01-31
Leased?: Yes
Level: 2nd Level
Total Bathrooms: 2
Total Rooms: 5
Unit Number: 3
Unit Total SqFt: 8911
Unit Details
Total Units: 3
Property Features
Accessible: Accessible Elevator Installed
Air Conditioning: Central
Basement: Full; Poured Concrete; Unfinished
CMU Style: Business Opportunity
Construction Status: Previously Owned
Current Use: Commercial
Exterior: Brick/Stone
Fuel: Natural Gas
Heating: Forced Air
Loan Terms: Cash; Conventional
Lock Box Type: None
On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate
Owner Pays: All Utilities; See Remarks
Parking Characteristics: On-Street Parking Only
Road Frontage: Highway
Road Responsibility: Public Maintained Road
Roof: Rubber
Sewer: City Sewer/Connected
Stories: Three Or More
Tenant Pays: All Utilities; See Remarks
Water: City Water/Connected
Listing Office: Nordin Realty Inc.
Last Updated: April - 15 - 2024
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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. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.