Available Properties

We have multiple business opportunities for you to explore, everything from Opportunity Zone properties to turn-key businesses.

The Land of Business Opportunity

We work hard to create opportunities for new businesses to start operations here, as well as creating opportunities for existing businesses to grow.

Business Opportunities

Opportunity Zones in Thief River Falls, Minnesota

Thief River Falls has two census tracts designated as Opportunity Zones: 27113090200 and 27113090400. Investments into properties within this area are eligible for Opportunity Zone tax incentives if they meet program requirements. 

There are many types of projects that can be eligible Opportunity Zone projects. The primary requirement is that the property must be within a certified Opportunity Zone. Project types can be either new construction on empty land within an Opportunity Zone, or significant rehabilitation (either residential or commercial) of an existing building within an Opportunity Zone.  The cost of the rehabilitation must be equal to or greater than the purchase price of the building.

Through investing in Opportunity Zones, you can:

  • Re-invest any form of capital gains.
  • Defer your taxes on your original capital gain until the end of 2026.
  • Reduce your taxes by up to 15% when you invest in an Qualified Opportunity Fund for at least 7 years.
  • Completely eliminate the tax on new capital gains from your Qualified Opportunity Fund investment after the 10-year mark.

That means compared to a typical portfolio, you have the potential to double your after-tax profits with a Qualified Opportunity Fund.

The adjacent map shows the location of two eligible census tracts within Thief River Falls, Minnesota. For more information on the program or specific properties, please contact Advance Thief River Director, Michelle Landsverk, 218-280-1755, mlandsverk@icloud.com or use the contact form at the bottom of this page.

Gilbert Industrial Park Opportunity Zone Lots

Gilbert Industrial Park is perfectly situated in a high-growth, busy, industrial area. All lots in the park are within a designated Opportunity Zone and development projects qualify for Opportunity Zone tax incentives. The 40-acre park has numerous lots available for sale. These are fully developed and build-ready. Price of $24,900 an acre includes all street, curb and gutter, water, sewer and utility hookup. For more information on specific lots, please call Advance Thief River Project Coordinator, Michelle Landsverk at 218-280-1755 or email.

Block 1, Lot 4

1.98 acres or 86,434 square feet. For more information about this property, contact Michelle Landsverk, 218-280-1755.

Block 1, Lot 5

2.53 acres or 110,141 square feet. For more information about this property, contact Michelle Landsverk, 218-280-1755.

Block 1, Lot 6

2.51 acres or 109,429 square feet. For more information about this property, contact Michelle Landsverk, 218-280-1755.

Block 1, Lot 7

2.5 acres or 108,717 square feet. For more information about this property, contact Michelle Landsverk, 218-280-1755.

Block 1, Lot 8

2.48 acres or 108,004 square feet. For more information about this property, contact Michelle Landsverk, 218-280-1755.

Block 1, Lot 9

2.46 acres or 107,292 square feet. For more information about this property, contact Michelle Landsverk, 218-280-1755.

Block 1, Lot 10

2.58 acres or 112,187 square feet. For more information about this property, contact Michelle Landsverk, 218-280-1755.

Block 2, Lot 2

3.11 acres or 135,544 square feet. For more information about this property, contact Michelle Landsverk, 218-280-1755.

Block 2, Lot 6

3.73 acres or 162,500 square feet. For more information about this property, contact Michelle Landsverk, 218-280-1755.

Block 2, Lot 7

3.73 acres or 162,500 square feet. For more information about this property, contact Michelle Landsverk, 218-280-1755.

Block 2, Lot 8

2.98 acres or 130,000 square feet. For more information about this property, contact Michelle Landsverk, 218-280-1755.

Block 2, Lot 9

2.98 acres or 130,000 square feet. For more information about this property, contact Michelle Landsverk, 218-280-1755.

Block 2, Lot 10

2.98 acres or 130,000 square feet. For more information about this property, contact Michelle Landsverk, 218-280-1755.

Block 2, Lot 11--Not Available

2.98 acres or 130,000 square feet. This property is not for sale due to an option to purchase agreement currently in force.

Block 2, Lot 12--SOLD

3.31 acres or 144,113 square feet. For more information about this property, contact Michelle Landsverk, 218-280-1755.

Featured  Business Opportunities

5.9 Acres Commercial Land

$269,000

Great Location and Development Potential
701 32 Hwy S
Thief River Falls, MN 56701

Biff's Kitchen

$350,000

Thriving restaurant in Opportunity Zone!

811 Atlantic Avenue
Thief River Falls, MN 56701

Deans Foods-PRICE DROP

$199,000

Large Processing Plant in Opportunity Zone!
122 Main Ave S
Thief River Falls, MN 56701

218-280-1755

Michelle Landsverk
Economic Development 

Advance Thief River
PO Box 773

Thief River Falls, MN 56701

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