Corner-Frontage Office
For Sale
$900,000
405 W Lincoln Avenue, Fergus Falls, MN 56537
Professionally designed office and retail building on a high-traffic corner lot, built in 2002 and 100% occupied.
Property Size5,200 SF
Price / SF$173.08
Days on Market85
Property Features for 405 W Lincoln Avenue
General Information
Standard status
Active
Size
5,200 SF
Property subtype
Commercial
Occupancy
100%
Site & Location
Corner Location
Yes
Road Access
Yes
Utilities to Site
Yes
Building Details
Building Size
5,200 SF
Year Built
2002
Buildings
1
Tenancy
Multi
Listing Agency:
Century 21 Atwood
(218) 205-8543
Listed By:
Judith Olson
(218) 205-8543
Source:
Juverealestate
Added: May 8
Changed: Jul 30
Last Checked: Jul 30 at 5:51PM
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 Century 21 Atwood
Investment Insights
Based on property information with market context.
This professionally designed office and retail building totals 5,200 square feet and was built in 2002. The interior is described as like new and in good condition, and the property is configured with office and retail space.
The building sits on a corner lot with 179' of frontage on Lincoln Ave. The location is described as high-traffic, with traffic over 14,000 cars a day. The site offers ample paved and concrete parking.
The property is 100% occupied by two national tenants since early 2000. Utilities and real estate taxes are paid by the tenant.
The building sits on a corner lot with 179' of frontage on Lincoln Ave. The location is described as high-traffic, with traffic over 14,000 cars a day. The site offers ample paved and concrete parking.
The property is 100% occupied by two national tenants since early 2000. Utilities and real estate taxes are paid by the tenant.
Key Highlights
- 5,200 square foot professionally designed office and retail building
- Built in 2002 with interior described as like new in good condition
- 100% occupied by two national tenants since early 2000
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 | $87.4k | $16.80 |
| − Vacancy | −$13.1k | −$2.52 |
| EGI | $74.3k | $14.28 |
| − OpEx | −$18.6k | −$3.57 |
| NOI | $55.7k | $10.71 |
5,200 SF · lease $16.80/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$795.6K
$696.2K – $928.2K
NOI $55,692 @ 7.0% cap · market cap 6.19%
Second Best
Retail
$631.5K
$552.6K – $736.7K
NOI $44,204 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$1.13M
$988.4K – $1.32M
NOI $79,073 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Professionally designed office and retail building on a high-traffic corner lot, built in 2002 and 100% occupied.
Where is this office building located?
The property is located at 405 W Lincoln Avenue Fergus Falls, MN.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 5,200 square foot professionally designed office and retail building; Built in 2002 with interior described as like new in good condition; 100% occupied by two national tenants since early 2000
