International Falls, MN 56649

$3,208,000

Property Type: Commercial Bedrooms: 44 Baths: 29 Lot Size (sq. ft.): 3,005,640 Status: Closed

Current Price: $3,208,000 List Date: 1/01/2025 Last Modified: 8/07/2025

Overview

Description

Wikipedia reports that the shared Minnesota/Ontario border water of Rainy Lake (Ojibwe: gojiji-zaaga'igan) has a vast surface area of 360 square miles, 2,568 islands,1570 miles of extremely fishy shoreline and is so serene that it is home to Minnesota's Voyageurs National Park! One thing Wikipedia doesn't mention is that Thunderbird Lodge, the only full service year round resort on either side of the lake is now for sale! Sitting on 69 acres with approximately 1200' of waterfront and with newly added municipal sewer this iconic business is primed for expansion by adding more cabins, RV/Campsites and more! Currently the 15 deluxe lodgerooms,10 cabins and a rental house will sleep 125 guests.The welcoming lakeside bar seats 60 (add 40 with the summer deck) while the dining room will accommodate 70 and the private banquet room 130. There are 100 boat slips and plenty of room to add more! Rental boats, snowmobiles are available if you don't have your own to explore this amazing wilderness!

Listing Details MLS# 6470058

General Property Information

Lot Measurement: Acres
Multiple PIDs?: Yes
Other Parking Spaces: 50
Owner Occupied: No
Waterfront Frontage: 1100
Waterfront YN: Yes
Year Built: 1937
Yearly/Seasonal: Yearly
Zoning: Business/Commercial, Shoreline
Foundation Size: 10318
Garage Stalls: Yes
Lake/Waterfront Name: Rainy
For Sale or Lease: For Sale
Acres: 69
Lot Dimensions: 1155x1070

Property Features

Accessible: Wheelchair Ramp Air Conditioning: Central Air; Wall Unit(s); Window Unit(s) Amenities Shared: Beach; Boat Slip; Deck; Dock CMU Style: Resort Commercial Kitchen Appliances: Cookware/Utensils; Dishwasher; Flat Top; Freezer; Fryer; Grill; Ice Machine; Other; Oven; Pre-Piped Fire Suppression System; Prep Station; Refrigerator; Shelving and Racks; Walk-In Cooler/Freezer Construction Status: Previously Owned Current Use: Commercial; Event Space; Food Service; Recreational; Residential; Resort; Tavern/Lounge Elevation Highpoint to Waterfront Slope: Gradual Exterior: Wood Fencing: None Financing Terms: Conventional Foundation: Other Fuel: Electric Heating: Baseboard; Forced Air Loan Terms: Cash; Conventional Location Description: Other/See Remarks On Site Utilities: Electric Common; Heating Common; Hot Water Common Parking Characteristics: Assigned; RV Access/Parking; Unassigned Rental License Type: Other Sewer: City Sewer/Connected Unit 15: Total Bathrooms Water: Well Waterfront View: Bay; Harbor; Lake; Panoramic; North; East

Contract Information

Off Market Date: 2025-06-30
Closed Date: 2025-07-11
Sales Close Price: 3208000
Contingency: None
ListPrice: 3650000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

Postal City: International Falls
County: Koochiching
State: MN
Zip Code: 56649

Additional Parcels Information

Property ID #2: 0703224100
Property ID #3: 0703231100,0703232100

Assessments

Assessment Balance: 10699
Tax With Assessments: 30878

More Information

Building Information

Building Finished SqFt: 19842

Lake Details

Lake Acres: 210200
Lake Depth: 161

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 600

Public Survey Info

Range#: 22
Section#: 32
Township#: 71

Sale Options

Sale Includes: Building, Business Assets, Business, Fixture/Equipment, Land, Leases, Liquor License

Unit 1

Unit Number: 101
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: Yes
Level: Main Level
Unit Total SqFt: 250
Leased?: No
No. of 1 Bedroom Units: 15

Unit 10

Full Baths: Yes
Leased?: No
Level: 2nd Level
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: Yes
Unit Number: 208
Unit Total SqFt: 200

Unit 11

Full Baths: Yes
Leased?: No
Level: 3rd Level
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: Yes
Unit Number: 301
Unit Total SqFt: 250

Unit 12

Full Baths: Yes
Leased?: No
Level: 3rd Level
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: Yes
Unit Number: 302
Unit Total SqFt: 285

Unit 13

Full Baths: Yes
Leased?: No
Level: 3rd Level
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: Yes
Unit Number: 303
Unit Total SqFt: 285

Unit 14

Full Baths: Yes
Leased?: No
Level: 3rd Level
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: Yes
Unit Number: 304
Unit Total SqFt: 285

Unit 15

Full Baths: Yes
Leased?: No
Level: 3rd Level
Total Bedrooms: Yes
Total Rooms: Yes
Unit Number: 305
Unit Total SqFt: 200

Unit 2

No. of 2 Bedroom Units: 5
Leased?: No
Level: Main Level
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: Yes
Unit Number: 102
Unit Total SqFt: 250

Unit 3

No. of 3 Bedroom Units: 5
Full Baths: Yes
Leased?: No
Level: 2nd Level
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: Yes
Unit Number: 201
Unit Total SqFt: 250

Unit 4

Full Baths: Yes
Leased?: No
Level: 2nd Level
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: Yes
Unit Number: 202
Unit Total SqFt: 285

Unit 5

Full Baths: Yes
Leased?: No
Level: 2nd Level
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: Yes
Unit Number: 203
Unit Total SqFt: 250

Unit 6

Full Baths: Yes
Leased?: No
Level: 2nd Level
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: Yes
Unit Number: 204
Unit Total SqFt: 285

Unit 7

Full Baths: Yes
Leased?: No
Level: 2nd Level
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: Yes
Unit Number: 205
Unit Total SqFt: 200

Unit 8

Full Baths: Yes
Leased?: No
Level: 2nd Level
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: Yes
Unit Number: 206
Unit Total SqFt: 200

Unit 9

Full Baths: Yes
Leased?: No
Level: 2nd Level
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: Yes
Unit Number: 207
Unit Total SqFt: 200

Unit Details

Total Units: 26

Unit Information

No. of Efficiency Units: 15

Listing Office: Move it Real Estate Group/Lakehomes

Last Updated: August - 07 - 2025

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.

, International Falls, MN 56649 (MLS# 6470058)