New

$145,000

15 hours ago

301 N Union Ave, Fergus Falls, MN

Name: 301 N Union Ave, For Sale in Fergus Falls - eXp Realty
Brand: TRILOGY REAL ESTATE
SKU: 7016391
Price: 145000 USD

0 Bed

2 Bath

MLS® 7016391

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Commercial Sale

Size -

Garage No

HOA Fees

Taxes $3,175

Days Active 0

Approx. Age 1910

MLS® Number 7016391

Property Address: 301 N Union Ave, Fergus Falls, MN, 56537-2129

Average square foot calculated using Size range provided by listing agent.

Description

Opportunity is everywhere in this versatile commercial building just two blocks from downtown Fergus Falls. Positioned prominently at the corner of Union Ave and Summit Ave, this former church benefits from traffic counts exceeding 10, 000 vehicles per day—delivering exceptional visibility for any business. Designed for flexibility, the property offers multiple rentable areas and four separate entrances, allowing a landlord to tailor the space to a variety of uses. • Upper Level (1, 450 SF): Seven functional rooms ideal for reception, offices, exam rooms, or break areas, plus a large bathroom and ample storage. • Lower Level (1, 350 SF): Four usable rooms—three enclosed, two open—along with a full kitchen, full bathroom, and private entrance. • Perfect for health and wellness services (massage, chiropractic, etc.) or professional offices (legal, accounting, consulting, real estate, and more). The building is move in ready for any use permitted under R4 zoning. An added advantage is the 300+ SF off street parking area, accommodating 11+ vehicles—a rare convenience near downtown. Investors will appreciate the income potential: occupy one floor and lease the other, or lease both for a projected $25, 000+ in annual revenue. At $8/SF gross rent, the property delivers an estimated 9.5% CAP Rate, rising to 11%+ at $9/SF and 13%+ at $10/SF. The projected DSCR of 1.3–1.8 further strengthens its appeal as an investment asset. With no existing leases, you have complete freedom to shape the property to your vision. A quick closing is available. Call Brian today for help putting together your investment business plan. Note: The property does not currently meet the requirements for a residential certificate of occupancy and cannot be used as a dwelling without specific upgrades to meet residential code requirements. Note: Interested in leasing space in this property, contact the Listing Agent.

MLS® Number7016391

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1910

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Building, Land

Similar Listings

Price History

-End Date

Not Sold YetSold Price

For Sale

Feb 4, 2026List Date

$145,000List Price

Jun 3, 2024End Date

$144,000Sold Price

Sold

Jul 27, 2023List Date

$144,500List Price

Commute

Commute

Starting Address

Destination Address

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