Thief River Falls, MN High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Thief River Falls, Minnesota Market population: 9K. Compare commercial properties across all major asset...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Thief River Falls MN Properties: 0.6300%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Thief River Falls MN
Common questions from investors exploring commercial real estate in Thief River Falls MN.
What's the overall investment potential of Thief River Falls, MN?
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Thief River Falls, MN offers a stable investment market with a median household income of $40,697, a relatively low poverty rate of 11.7%, and a high health insurance coverage rate of 95.9%, indicating a reliable tenant base. The top industries, including Finance & Insurance and Educational Services, contribute to a diverse economy, while the 12.5-minute average commute time and high homeownership rate of 65.2% suggest a desirable quality of life. With a median property value of $96,400 and median property taxes of $2,657, investors can expect a relatively affordable entry point.
How does the local economy impact real estate investment in Thief River Falls?
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The local economy in Thief River Falls, driven by top industries such as Finance & Insurance, Educational Services, and Health Care & Social Assistance, provides a stable foundation for real estate investment. The employed population of 4,553 and a median household income of $40,697 contribute to a reliable demand for housing, while the GINI coefficient of 0.394 indicates a relatively low level of income inequality. Additionally, the foreign-born rate of 1.9% and top ethnicities, including White and Hispanic populations, suggest a diverse community with potential for long-term growth.
What are the key factors to consider when evaluating tenant quality in Thief River Falls?
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When evaluating tenant quality in Thief River Falls, consider the poverty rate of 11.7%, which is relatively low, combined with the high health insurance coverage rate of 95.9%, indicating a working-class market with employment stability. The average commute time of 12.5 minutes and top commute methods, including driving alone and carpooling, suggest convenient access to employment opportunities, while the median household income of $40,697 provides a foundation for reliable rent payments.
How does the quality of life in Thief River Falls impact real estate investment?
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The quality of life in Thief River Falls, characterized by a short average commute time of 12.5 minutes, a high health insurance coverage rate of 95.9%, and a relatively low poverty rate of 11.7%, contributes to a stable and desirable environment for residents. The top commute methods, including driving alone and carpooling, and the high homeownership rate of 65.2% suggest a strong sense of community, while the median property value of $96,400 and median property taxes of $2,657 provide an affordable entry point for investors.
What role does ethnic diversity play in the real estate market of Thief River Falls?
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The ethnic diversity of Thief River Falls, with top ethnicities including White, White Non-Hispanic, and Hispanic populations, contributes to a vibrant and inclusive community. The foreign-born rate of 1.9% suggests a relatively low level of international migration, while the median household income of $40,697 and poverty rate of 11.7% indicate a stable economic foundation. As the local economy continues to grow, driven by top industries such as Finance & Insurance and Educational Services, the diversity of the community is likely to attract a wide range of residents and investors, supporting long-term demand for housing.
Thief River Falls MN Real Estate & City Facts
Key facts and real estate information about Thief River Falls MN.
What are some of the best neighborhoods to live in Thief River Falls?
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Some of the best neighborhoods to live in Thief River Falls include Central Thief River Falls, which is a charming and family-friendly area, and the southeast parts of the city, which tend to have more desirable and expensive homes. Additionally, the Thief River Falls Northeast neighborhood is known for its college student-friendly environment.
What are some fun things to do in Thief River Falls?
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Thief River Falls has a variety of activities to enjoy, including golfing at the Thief River Golf Club, kayaking, fishing, and hiking. The city is also home to the Ralph Engelstad Arena and the Seven Clans Casino. For outdoor enthusiasts, there are plenty of opportunities for camping, biking, and bird watching.
What is the food scene like in Thief River Falls?
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The food scene in Thief River Falls includes a variety of restaurants, such as The 517 Diner, EL LORO MEXICAN RESTAURANT, and South China Buffet. There are also plenty of great food trucks and local eateries to try. While some residents have noted that the food scene can be limited compared to larger cities, there are still plenty of options to choose from.
What are the pros and cons of living in Thief River Falls?
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Some pros of living in Thief River Falls include its dense suburban feel, low cost of living, and abundance of outdoor activities. However, some cons include the limited job opportunities and lower median household income compared to other cities in Minnesota. Additionally, the city's remote location can make it difficult to access larger cities and amenities.
Is Thief River Falls a good place to live?
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Thief River Falls can be a great place to live for those who value a tight-knit community, outdoor recreation, and a low cost of living. While it may not have all the amenities of a larger city, it has a unique charm and a strong sense of community. Ultimately, whether or not Thief River Falls is a good place to live depends on your individual priorities and preferences.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Thief River Falls MN Commercial Property: $40,697
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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