Flex Property with Shop
For Sale
$899,900
3327 E Fir Avenue, Fergus Falls, MN 56537
Commercial Sale, Fergus Falls, MN
Property Size4,200 SF
Lot Size2.28 Acres
Price / SF$214.26
Days on Market47
Property Features for 3327 E Fir Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business/Commercial
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 3
Parking features
Parking Lot
High school district
Fergus Falls
Directions
Fir Avenue or County Rd 1 to property on North side of road. Corner of Cottonwood and Fir.
Standard status
Active
APN
03000300218033
Lot size
2.28 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3788
Utilities
Sewer type
Holding Tank, Private Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Well
Building Details
Year built
1978
Listing Agency:
RE/MAX Advantage Plus · RE/MAX International
(952) 226-7700
Listed By:
Mark P. Abdel
(651) 283-8251
Added: Aug 26
Changed: Sep 24
Last Checked: Oct 11 at 6:06PM
MLS# 7106481
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.
Investment Insights
Based on property information with market context.
Located at 3327 E Fir Avenue in Fergus Falls, this flex property combines a professional office component with attached residential-style quarters and substantial shop capacity. The main building contains approximately 4,200 square feet, including four private offices, a conference room, and a half bathroom. The attached 1,200-square-foot living area includes three bedrooms, a 3/4 bathroom, laundry, and separate heating and cooling.
A 48x80 outbuilding adds concrete-floor workspace, offices, and eight existing garage stalls, with room to reconfigure the interior or add stalls. The site encompasses 2.28 acres and includes approximately 30 paved parking spaces for personnel, customers, vehicles, trailers, and equipment. Interior updates include flooring, trim, doors, finishes, bathrooms, and office improvements, while the property also has newer siding and a newer roof. Heating is provided by forced air and cooling by central air. Business use is subject to city verification.
A 48x80 outbuilding adds concrete-floor workspace, offices, and eight existing garage stalls, with room to reconfigure the interior or add stalls. The site encompasses 2.28 acres and includes approximately 30 paved parking spaces for personnel, customers, vehicles, trailers, and equipment. Interior updates include flooring, trim, doors, finishes, bathrooms, and office improvements, while the property also has newer siding and a newer roof. Heating is provided by forced air and cooling by central air. Business use is subject to city verification.
Key Highlights
- Approximately 4,200 SF main building with four private offices and a conference room
- Attached 1,200‑square‑foot living quarters with three bedrooms, 3/4 bathroom, and laundry
- 48x80 outbuilding with concrete floor, offices, and 8 existing 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.
Property Analytics
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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
Check the figures for this property
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Office areas, attached living quarters, garage capacity, and paved parking accommodate a range of commercial operations.
Where is this flex space located?
The property is located at 3327 E Fir Avenue 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 building with four private offices and a conference room; Attached 1,200‑square‑foot living quarters with three bedrooms, 3/4 bathroom, and laundry; 48x80 outbuilding with concrete floor, offices, and 8 existing garage stalls
