Flex Space with Shop and
For Sale
$899,900
3327 E Fir Ave, Fergus Falls, MN 56537
Versatile commercial property combines professional offices, attached living quarters, substantial shop space, and paved parking.
Property Size4,200 SF
Price / SF$214.26
Days on Market48
Property Features for 3327 E Fir Ave
General Information
Standard status
Active
Size
4,200 SF
Building Details
Year Built
1978
Listing Agency:
RE/MAX Advantage Plus
Listed By:
Mark P. Abdel
(651) 283-8251
Source:
Searchhousesnow
Added: Aug 30
Changed: Oct 4
Last Checked: Oct 7 at 2:31PM
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 RE/MAX Advantage Plus
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Investment Insights
Based on property information with market context.
This flex property pairs a professional office building with attached living quarters and a large secondary shop structure. The main building measures approximately 4,200 square feet and includes four private offices, a conference room, half bathroom, and approximately 1,200 square feet of living space with three bedrooms, a 3/4 bathroom, laundry, and separate heating and cooling. Interior improvements include updated flooring, trim, doors, finishes, bathrooms, and office areas. Newer siding and a newer roof further support the building’s current presentation.
A 48x80 outbuilding expands the property’s utility with a concrete floor, several offices, and 8 garage stalls, with flexibility to add stalls or create a larger open shop area. The freshly asphalted lot provides approximately 30 parking spaces for employees, visitors, vehicles, trailers, and equipment. The property is located at 3327 E Fir Ave in Fergus Falls, Minnesota, and business use is subject to city verification.
A 48x80 outbuilding expands the property’s utility with a concrete floor, several offices, and 8 garage stalls, with flexibility to add stalls or create a larger open shop area. The freshly asphalted lot provides approximately 30 parking spaces for employees, visitors, vehicles, trailers, and equipment. The property is located at 3327 E Fir Ave in Fergus Falls, Minnesota, and business use is subject to city verification.
Key Highlights
- Approximately 4,200 SF main commercial building with four private offices and a conference room
- Approximately 1,200 SF of attached living quarters with three bedrooms, 3/4 bathroom, and laundry
- 48x80 outbuilding with concrete floor, several offices, and 8 garage stalls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,982
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$899,640
$899.6K
Cap Rate 7%
$642,600
$642.6K
Cap Rate 9%
$499,800
$499.8K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$70.6K $16.80/SF
− Vacancy
−$10.6K −$2.52/SF
EGI
$60.0K $14.28/SF
− OpEx
−$15.0K −$3.57/SF
NOI
$45.0K $10.71/SF
Area
Otter Tail County, MN
Vacancy
15.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$899,640
Cap Rate 7%
$642,600
Cap Rate 9%
$499,800
Alternative Uses
Best Use
Office B
$642.6K
$562.3K – $749.7K
NOI $44,982 @ 7.0% cap · market cap 5.00%
Second Best
Warehouse
$562.8K
$492.4K – $656.6K
NOI $39,394 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$912.4K
$798.3K – $1.06M
NOI $63,867 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 56537, MN
19,230
Population
9,498
Households
2
Avg Household Size
44
Median Age
30%
College-Educated
96%
High-School Grad
283.4 sq mi
ZIP Area
68
Density / Sq Mi
$62,279
Median Household Income
$40,272
Median Earnings
$840
Median Rent
$223,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial property combines professional offices, attached living quarters, substantial shop space, and paved parking.
Where is this flex space located?
The property is located at 3327 E Fir Ave Fergus Falls, MN.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Approximately 4,200 SF main commercial building with four private offices and a conference room; Approximately 1,200 SF of attached living quarters with three bedrooms, 3/4 bathroom, and laundry; 48x80 outbuilding with concrete floor, several offices, and 8 garage stalls
