$325,000
315 S Mill Street Fergus Falls, MN 56537
For Sale MLS# 7083288
5,400 sq ft Commercial
Details for 315 S Mill Street
MLS# 7083288
Description for 315 S Mill Street, Fergus Falls, MN, 56537
Positioned in the heart of Fergus Falls, this impressive 5400 sq ft office building offers a rare combination of immediate rental income and owner-occupancy potential. Currently configured with multiple office suites, the property is home to four established tenants, providing steady income from day one. An additional office suite-currently used as a law office-is available for lease or owner use, with the potential to be divided into office space for even greater income opportunities.The available suite features excellent street visibility, large windows, and direct street access, making it ideal for professional services, legal, financial, or business offices seeking a prominent downtown presence.There is ample parking surrounding the building, plus the convenience of a 3 stall attached garage. Whether your an investor seeking a solid income-producing property or a business owner looking for office space while offsetting expenses through tenant income, this property offers exceptional flexibility and value.
Listing Information
Property Type: Commercial, Business Opportunity,Office
Status: Active
Lot Size: 0.17 Acres
Square Feet: 5,400 sq ft
Year Built: 1919
Foundation: 5,400 sq ft
Garage: Yes
Stories: 1 Story
Subdivision: Fergus Falls
Number Of Units Total: 5
Current Use: Office,Professional Service
County: Otter Tail
Days On Market: 31
Construction Status: Previously Owned
School Information
District: 544 - Fergus Falls
Interior Features
Accessibility: No Stairs Internal
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Common
Cooling: Central
Heating: Electric, Heat Pump
Exterior / Lot Features
Attached Garage: Attached Garage
Garage Spaces: 3
Open Parking: 6
Parking Description: Attached Garage, Parking Lot, Garage Dimensions - 32 x 40, Garage Sq Ft - 1280.
Exterior: Metal
Roof: Age Over 8 Years, Metal
Lot Dimensions: 50 x 150
Zoning: Business/Commercial
Additional Exterior/Lot Features: Land Inclusions - Building,Land
Unit Information
Unit 1 Actual Rent: 1650
Unit 2 Actual Rent: 395
Unit 3 Actual Rent: 625
Driving Directions
315 S Mill St
Financial Considerations
Tax/Property ID: 71001990136000
Tax Amount: 6506
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Weichert, Realtors - Paulson Land Co
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 315 S Mill Street
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 315 S Mill Street
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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