301 N Union Avenue Fergus Falls, MN 56537
For Sale MLS# 7016391
Other
Details for 301 N Union Avenue
MLS# 7016391
Description for 301 N Union Avenue, Fergus Falls, MN, 56537
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 Type B commercial 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. 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. Building updates to meet building codes may be required depending on the designated use of each floor of the building. The property is being sold in an AS IS condition.
Listing Information
Property Type: Commercial
Status: Active
Bathrooms: 2
Lot Size: 0.17 Acres
Square Feet: 2,884 sq ft
Year Built: 1910
Foundation: 1,487 sq ft
Stories: 2 Stories
Subdivision: Original
Number Of Units Total: 2
Current Use: Commercial
County: Otter Tail
Days On Market: 86
Construction Status: Previously Owned
School Information
District: 544 - Fergus Falls
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Common,Heating Common,Hot Water Common
Heating: Forced Air, Natural Gas
Exterior / Lot Features
Open Parking: 11
Parking Description: Parking Lot
Exterior: Brick Veneer, Stucco
Roof: Asphalt Shingles
Lot Dimensions: 50 x 206
Zoning: Residential-Multi-Family
Additional Exterior/Lot Features: Land Inclusions - Building,Land, Road Frontage - City
Driving Directions
Located on the NW corner of N Union Ave and W Summit Ave.
Financial Considerations
Tax/Property ID: 71003990338001
Tax Amount: 3175
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Trilogy Real Estate
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 301 N Union Avenue
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 301 N Union Avenue
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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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