2 Baths
7,579 Sqft Lot
2 Baths
7,579 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Original
MLS Listing ID 7016391
Year Built 1910
Annual Tax Amount $3,175
Tax Year 2025
Contingent None
Lot Size 7,579 Sqft
Lot Dimensions 50 x 206
Property Description
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.
Location
State MN
County Otter Tail
Zoning Residential-Multi-Family
Interior
Heating Forced Air
Inclusions Building, Land
Fireplace No
Exterior
Parking Features Parking Lot
Utilities Available Electric Common, Heating Common, Hot Water Common
Roof Type Asphalt
Present Use Commercial
Building
Story Two
Foundation 1487
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
New Construction false
Schools
School District Fergus Falls
Schools and Properties Nearby
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