International Falls, Minnesota Commercial Real Estate 1 Listing

International Falls, Minnesota: A Premier Destination for Commercial Real Estate

Introduction

International Falls, Minnesota, known as the "Icebox of the Nation," offers unique opportunities for commercial real estate (CRE) investors and professionals. With a population of approximately 6,000, this city is strategically positioned at the U.S.-Canada border, making it a vital hub for cross-border trade and commerce. Its economy is primarily driven by industries such as paper manufacturing, transportation, and tourism, which create a strong demand for various commercial property types, including industrial, office, and retail spaces.

Economic and Industry Overview

International Falls is heavily influenced by its key industries, such as paper manufacturing, due to the presence of the Boise Paper mill. This industry generates significant demand for industrial and office spaces to support its operations. Additionally, the proximity to the Canadian border facilitates logistics and transportation, enhancing the demand for industrial properties. The city's economic development is supported by regional initiatives like the Koochiching County Economic Development Authority, which promotes growth and infrastructure development.

Strategic Location and Transportation Infrastructure

International Falls boasts strategic transportation infrastructure, including:

Highways: U.S. Route 53 and State Highway 11 provide crucial connections to other regions.
Rail: The Canadian National Railway offers efficient freight services for industrial properties.
Airport: Falls International Airport (INL) supports both passenger and cargo services, enhancing accessibility for business travelers and freight.
Border Crossing: The International Falls–Fort Frances border crossing facilitates international trade and logistics.

These logistical advantages make the city an ideal location for distribution centers and industrial properties. For more information, visit the Minnesota Department of Transportation.

Commercial Real Estate Inventory & Zoning

International Falls features several CRE submarkets:

Central Business District (CBD): Hosts a mix of office and retail properties.
Industrial Corridors: Located near transportation hubs, these areas are ideal for manufacturing and distribution facilities.
Retail Hubs: Positioned to serve both local residents and Canadian visitors.

The city encourages development through zoning incentives and overlays. Explore the City of International Falls Zoning Map for detailed information.

Major Employers and Institutions

Key employers driving CRE demand in International Falls include:

Boise Paper: A major player in the paper manufacturing industry.
Rainy Lake Medical Center: A healthcare institution requiring office and medical spaces.
Local Government Offices: Contributing to the need for office properties.

For a comprehensive list of employers, visit the Koochiching County Business Directory.

Notable Commercial Developments & Projects

Recent developments in International Falls include mixed-use projects and public-private partnerships aimed at revitalizing the city's economy. The designation of Opportunity Zones further incentivizes investment in commercial properties. For more on development projects, check the City Planning Department.

Building Permits, Planning, and Development Tools

Access essential tools for planning and development:

Market Data & Economic Reports

Utilize public datasets and economic reports to guide investment decisions:

Brevitas leverages AI-powered aggregation from these sources and offers tailored insights. Explore Brevitas-powered dashboards for International Falls commercial real estate.