2066 College Way, Fergus Falls, MN 56537
Commercial - Fergus Falls, MN
- Added:
- Apr 8, 2026
- Days on Market:
- 81
- Last Refresh:
- Jun 27 at 11:06 am
Property Features for 2066 College Way
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Business/Commercial
- Parking features
- Parking Lot
- Exterior features
- Metal
- Standard status
- Active
- APN
- 71003500195042
- Size
- 2,700 SF
- Lot size
- 0.63 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 2266
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1974
- Building materials
- Frame
- Roof type
- Metal
- Architectural style
- Other
Listing agent Ryan Hanson (218) 205-7351
Listing office Keller Williams Realty Professionals 14091 Baxter Dr, Brainerd, MN (218) 454-4300
Listing date Apr 8, 2026
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High‑traffic location on College Way near I‑94 with approximately 6,000 vehicles daily.
- Versatile property suitable for office, retail, or light industrial use.
- Two buildings: a 2,700 sq ft main building and a 2,400 sq ft rear building.
- Rear building offers cold storage with three oversized bays and an insulated office space.
- Located on a .63 acre lot.
- Parking lot available.
Overview
The site is positioned on the highly traveled west end of Fergus Falls along College Way, with access that connects conveniently to I-94. The location offers strong visibility and practical drive-up convenience for customers, deliveries, and business operations.
For tenants, buyers, or investors, the combination of a flexible main building and purpose-built cold storage creates a straightforward platform for service businesses, retail operators with back-of-house needs, or light industrial users requiring insulated space. With zoning identified as Business/Commercial, the property supports adaptable use while keeping operations contained within a single lot configuration.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.4k | $16.80 |
| − Vacancy | −$6.8k | −$2.52 |
| EGI | $38.6k | $14.28 |
| − OpEx | −$9.6k | −$3.57 |
| NOI | $28.9k | $10.71 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Fergus Falls
- County
- Otter Tail
- State
- Minnesota
- Longitude
- -96.109435
- Latitude
- 46.28978
