MLS# 7016391 - 301 N Union Avenue Fergus Falls, MN 56537

MLS# 7016391
301 N Union Avenue Fergus Falls, MN 56537

Central and Northern Minnesota's finest Lakeshore Property Broker, Jim Christensen and the Lakeshore Marketing Group of real estate professionals will assist you in finding the lake property, lot or home, which fits your needs. They are located in Nisswa, servicing the areas Gull Lake Chain, Whitefish Chain, Pelican Lake, Crosslake and all of the Brainerd Lakes Area. DISCLAIMER: Information deemed reliable but not guaranteed.

Neighborhoods

Trilogy Real Estate is the brokerage office representing the seller for this listing.

The data relating to real estate for sale on this 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 are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers. Jim Christensen is not a multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Jim Christensen, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.

{"Id":515618,"ORGTABLE":"RAW_Property","MLSCLASS":"COM","MLSNUMBER":"NST7016391","MLSAGENTID":"NST501511552","MLSOFFICEID":"NST251815","ADDRESS":"301 N Union Avenue","ACRES":0.174,"AGENTOWNER":false,"AUCTIONYN":false,"BATHSTOTAL":2.0,"BEDROOMS":0.0,"CITY":"Fergus Falls","CONTINGENCY":"None","COUNTY":"Otter Tail","CURRENTUSE":"Commercial","DISTRIBUTEADDRESSTOINTERNET":true,"DISTRIBUTETOINTERNET":true,"FORECLOSURE":"No","LASTPRICE":145000.0,"LASTPRICEDATE":"2026-03-06T00:11:05.363","LATITUDE":46.285708,"LENDEROWNED":"No","LISTDATE":"2026-02-03T06:00:00","LISTPRICE":130000.0,"LIVINGAREA":2974.0,"LONGITUDE":-96.078368,"MODIFICATIONTIMESTAMP":"2026-03-06T00:11:05.364","OFFICE_OFFICENAME":"Trilogy Real Estate","PHOTOCOUNT":36,"POSTALCODE":"56537","POTENTIALSHORTSALE":"No","PRESENTUSE":"Yearly","PUBLICREMARKS":"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.\n\nDesigned for flexibility, the property offers multiple rentable areas and four separate entrances, allowing a landlord to tailor the space to a variety of uses.\n• Upper Level (1,450 SF): Seven functional rooms ideal for reception, offices, exam rooms, or break areas, plus a large bathroom and ample storage.\n• Lower Level (1,350 SF): Four usable rooms—three enclosed, two open—along with a full kitchen, full bathroom, and private entrance. \n• Perfect for health and wellness services (massage, chiropractic, etc.) or professional offices (legal, accounting, consulting, real estate, and more).\n\nThe 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.\n\nInvestors 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.\n\nWith no existing leases, you have complete freedom to shape the property to your vision. A quick closing is available. \n\nNote: 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. 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MLS# 7016391301 N Union Avenue Fergus Falls, MN 56537

MLS# 7016391
301 N Union Avenue Fergus Falls, MN 56537