Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Commercial Building Near Downtown Title is generated by Realmo AI

    301 N Union Ave, Fergus Falls, MN 56537

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial building with multiple rentable areas and high visibility.

    Type:Office
    Property size:
    2,974 SF
    Price / SF:
    $48/SF
    Added:
    Feb 6, 2026
    Days on Market:
    104
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 301 N Union Ave

    General Information

    Standard status
    Active
    Size
    2,974 SF
    Property subtype
    Office

    Building Details

    Year Built
    1910

    We can help!

    Listing Contact
    Brian Tjaden

    Listing agent Brian Tjaden License #MN

    Listing office Trilogy Real Estate

    Listing date Feb 6, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Trilogy Real Estate

    HighLights

    • High‑visibility location with traffic counts exceeding 10,000 vehicles per day.
    • Versatile commercial building with multiple rentable areas and four separate entrances.
    • Move‑in ready for various uses permitted under R4 zoning.
    • Ample off‑street parking with space for 11+ vehicles.
    • Upper level boasts 1,450 SF, seven rooms, a large bathroom, and ample storage.
    • Lower level features 1,350 SF, four rooms, full kitchen, full bathroom, and private entrance.

    Overview

    This commercial building is located two blocks from downtown Fergus Falls, positioned at the corner of Union Ave and Summit Ave. The location benefits from traffic counts exceeding 10,000 vehicles per day. The property offers multiple rentable areas and four separate entrances. The upper level provides 1,450 square feet with seven rooms suitable for reception, offices, exam rooms, or break areas, plus a large bathroom and storage. The lower level offers 1,350 square feet with four rooms, a full kitchen, a full bathroom, and a private entrance. The property is suitable for health and wellness services or professional offices. The building is move-in ready for any use permitted under R4 zoning. There is a 300+ square foot off-street parking area accommodating 11+ vehicles. 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. The total property size is 2,974 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Vistad Chiropractic Alternative Medicine Practice Dr Bruce Vistad, ... Alternative Medicine Practice

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fergus Falls
    County
    Otter Tail
    State
    Minnesota
    Longitude
    -96.0783672
    Latitude
    46.2857083

    Nearby Similar for Sale

    • $349,900
      2,700 SF

      Versatile Commercial Property, Fergus Falls

      Commercial property on a 0.63-acre lot with two buildings.
      2066 College Way, Fergus Falls, MN 56537
      View Details
    • $5
      13,000 SF

      Versatile Warehouse Space off I-94

      Heated warehouse space for lease with exceptional accessibility and visibility.
      712 Frontier Drive, Fergus Falls, MN 56537
      View Details
    • $470,000

      Versatile Commercial Building in Fergus

      Adaptable commercial space suitable for retail, office, or warehouse.
      917 Pebble Lake Road, Fergus Falls, MN 56537
      View Details
    • $139,900
      3,000 SF

      Fergus Falls Office/Retail Building

      Versatile commercial space in downtown Fergus Falls, Minnesota.
      109 N Court Street, Fergus Falls, MN 56537
      View Details
    • $875,000

      Downtown Fergus Falls Commercial Property

      Iconic corner-lot building in downtown Fergus Falls, ideal for business.
      128 E Washington Avenue, Fergus Falls, MN 56537
      View Details
    • $500

      Downtown Fergus Falls Commercial Space

      1,012 sq ft commercial space in downtown Fergus Falls.
      125 W Lincoln Avenue, Fergus Falls, MN 56537
      View Details
    • $3,000

      Downtown Fergus Falls Office Space

      Office space for lease in downtown Fergus Falls.
      125 W Lincoln Avenue, Fergus Falls, MN 56537
      View Details
    • $600

      Downtown Fergus Falls Office Space

      792 SF office space for lease in downtown Fergus Falls.
      125 W Lincoln Avenue, Fergus Falls Twp, MN 56537
      View Details
    • $495,000

      Fergus Falls Commercial Opportunity

      Turnkey commercial building with drive-thru, ideal for diverse businesses.
      1109 Pebble Lake Road, Fergus Falls, MN 56537
      View Details
    • $199,000

      Downtown Fergus Falls Commercial Space

      Versatile commercial space in downtown Fergus Falls, ideal for businesses.
      105 E Lincoln Avenue, Fergus Falls, MN 56537
      View Details
    • $700

      Downtown Fergus Falls Office Space

      935 SF office space for lease in downtown Fergus Falls.
      125 W Lincoln Avenue, Fergus Falls, MN 56537
      View Details
    • $1,000
      1,298 SF

      Downtown Fergus Falls Office Space

      1,298 SF office space in Lincoln Centre, Fergus Falls.
      125 W Lincoln Avenue Suite 17, Fergus Falls Twp, MN 56537
      View Details

    FAQs

    What type of property is this?
    Office units - Commercial building with multiple rentable areas and high visibility.
    Where is this office units located?
    The property is located at 301 N Union Ave Fergus Falls, MN.
    What is the asking price?
    The asking price for this property is $145,000.
    What are key features of this property?
    This property features: High‑visibility location with traffic counts exceeding 10,000 vehicles per day.; Versatile commercial building with multiple rentable areas and four separate entrances.; Move‑in ready for various uses permitted under R4 zoning.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Brian Tjaden
    Real Estate License ID: MN
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    301 N Union Ave, Fergus Falls, MN 56537
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!