1447 Patterson Loop Fergus Falls, MN ^$ 2,400,000

1447 Patterson Loop

^$ 2,400,000

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1447 Patterson Loop

Fergus Falls, MN, 56537

^$ 2,400,000

Bedrooms-- Baths--

Monthly Estimate*

^$ 16,576

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Commercial Property for sale in Fergus Falls, MN

for $2,400,000. This building was built in 1912 on a lot size of 1.737.

31-unit multifamily investment in Fergus Falls, MN. 1447 Patterson Loop offers 18 units; 1628 has 13 units. Originally built in 1920 and fully restored to the studs in 2017 using Historic Tax Credits. Upgrades include tuck-pointed brick, new wiring, plumbing, HVAC, roof, windows, flooring, kitchens, and more. This one-of-a-kind property blends historic charm with modern reliability.

Commercial Active

Price

^$ 2,400,000

Property Type

Commercial

Taxes

^$ 1,224

Style

Lot Size

1.737

Year Built

1912

Town/City

Fergus Falls

County/Region

Otter Tail

MLS | Web ID

7023314

Features

General

Sewer City Sewer - In Street

Heating Zoned

Utilities Electric Separate

Garage Spaces 0

Year Built 1912

Tax Year 2025

Current Use Other

Accessibility Other

County Otter Tail

New Construction N

Property Type Commercial Sale

Contingency None

Subdivision Name Kirkbride Add

Directions North of I94. North of Hwy 210.

City Fergus Falls

High School District Fergus Falls

Zoning Description Business/Commercial

Number Of Units Total 31

Lot Size Units Acres

Land Lease Y/N N

Tax Annual Amount 1224

Additional Parcels Y/N N

Standard Status Active

Lender Owned No

Exterior

Parking Features Parking Lot

Water Source City Water - In Street

Inclusions Building

Lot Size Area 1.737

Lot Dimensions 102000

Waterfront Y/N N

Foundation Area 15000

Interior

Basement (Y/N) N

Fuel Natural Gas

Internal Only

Street Number 1 1447

* Excluded Features

List By

Horizon Real Estate Group

Broker

brian@horizonfargo.com

Affordability Calculator

$16,678

Per Month

Monthly Principal & Interest: $16,576
Monthly Property Taxes: $102
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Fergus Falls, MN

Average List Price ^$666,278

Percent of Sale Price 72%

About Fergus Falls, MN

13,249 Population

-4% Since 2002

^$47,148 Median Income

41.28 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3048809 Elementary School

3048349 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/18/2026	$2,400,000		Listed Price

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1447 Patterson Loop, Fergus Falls, MN, 56537 is a Commercial Property for sale at $2,400,000 with a lot size of 1.737. 1447 Patterson Loop was built in 1912. The property's zip code is 56537 which is in Fergus Falls, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 10/16/2026.

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1447 Patterson Loop

Commercial Property for sale in Fergus Falls, MN

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