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    604 Frontier Dr Fergus Falls, MN 56537

    Sponsored
    For Sale
    $650,000

    Prime location, 4,529 sq ft restaurant.

    Property size:
    4,529 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional investment opportunity presents a fully operational restaurant building situated on a prominent I-29 corridor location in Fergus Falls, Minnesota. The 4,529-square-foot property, built in 1977, sits on a sizable 49,310-square-foot lot and is zoned for commercial use. Currently operating as a Pizza Ranch franchise, the property boasts 100% occupancy as of June 1, 2024. The asking price is $650,000, translating to $143.52 per square foot. This represents a value-add opportunity for investors seeking an operating business and real estate package. Located in the vibrant city of Fergus Falls (population 14,000+), the county seat of Otter Tail County, this property benefits from its position in the heart of Minnesota's lake country. The existing Pizza Ranch franchise and its equipment are available for separate purchase, offering a potential turnkey operation for a new owner. A separate lease option of $6,000 per month is available if the Pizza Ranch business is also acquired, subject to owner approval. This listing is for the real estate only

    Property Features for 604 Frontier Dr

    General Information

    Property type
    Restaurants
    Square Feet
    4,529 SF

    Building Details

    Year Built
    1977
    Property Profile Location Intelligence

    Current Use by Public Records

    Pizza Ranch Buffet Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Building Supply Hair Salon Dental Office Wholesale Shop Auto Repair Shop Clothing Store

    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
    -96.117629
    Latitude
    46.2909139

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    FAQs

    What type of property is this?
    Restaurant - Prime location, 4,529 sq ft restaurant.
    Where is this restaurant located?
    The property is located at 604 Frontier Dr Fergus Falls, MN.
    What is the asking price?
    The asking price for this property is $650,000.
    Request Owner's contact information
    604 Frontier Dr Fergus Falls, MN 56537
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    Realmo Value Estimation

    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.

    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.

    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
    604 Frontier Dr Fergus Falls, MN 56537
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