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Financial
Distress signals
Property profile

128 E Washington Ave Fergus Falls, MN 56537

FOR SALE
Other commercial real estate
Property ID
US46-1495459
6,434 SF 0.65 ac lot Built 1957
Individually Owned Owner of record is an individual. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This commercial corner-lot building is located in downtown Fergus Falls, near the courthouse, with quick access to I-94. The property sits on a 0.65-acre lot and is zoned for Business/Commercial use. It includes 38 dedicated parking spaces located behind the building. The main level features a light-filled lobby with large windows, along with ten private offices. An original bank vault is present as a distinct interior feature. The mezzanine level overlooks the main lobby and provides a…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$23k
Tax billed · 2023
Assessed value$826k
Assessed land$367k
Assessed improvement$459k
Effective rate2.79%

Value estimate

· Oct 2026
$420k
$378k – $462k
AI approach$420k
CAP approach$685k
Submarket $/SF estimate$621k
NOI build-up
Gross scheduled income$192k
Vacancy & credit loss−$15k
Operating expenses−$53k
NOI · 14.11% cap applied$123k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
14.11%
$123k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionOTTER TAIL

Location intelligence

Which uses thrive at this corner?
Best fit: Tailor Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Tailor Shop9.5
Convenience Store9.1
Bakery9.0

Location

128 E Washington Ave Fergus Falls, MN 56537
County assessor Recorded deeds · not on file 4 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 properties nearby
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years. They are neighbours, not transactions.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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