315 S Mill Street, Fergus Falls, MN

$325,000

5,400

Square feet

0.17

Acres

About 315 S Mill Street

Positioned in the heart of Fergus Falls, this impressive 5400 sq ft office building offers a rare combination of immediate rental income and owner-occupancy potential. Currently configured with multiple office suites, the property is home to four established tenants, providing steady income from day one. An additional office suite-currently used as a law office-is available for lease or owner use, with the potential to be divided into office space for even greater income opportunities. The available suite features excellent street visibility, large windows, and direct street access, making it ideal for professional services, legal, financial, or business offices seeking a prominent downtown presence. There is ample parking surrounding the building, plus the convenience of a 3 stall attached garage. Whether your an investor seeking a solid income-producing property or a business owner looking for office space while offsetting expenses through tenant income, this property offers exceptional flexibility and value.

Features of 315 S Mill Street

MLS® # 7083288
Price $325,000
Square Footage 5,400
Acres 0.17
Year Built 1919
Type Commercial
Status Active
Contingency Type None

Community Information

Address 315 S Mill Street
Subdivision Fergus Falls
City Fergus Falls
County Otter Tail
State MN
Zip Code 56537

Amenities

Utilities Electric Common
Parking Attached Garage, Parking Lot
# of Garages 3
Is Waterfront No
Has Pool No

Interior

Heating Heat Pump
Cooling Central Air
Fireplace No
Has Basement No
Basement None

Exterior

Exterior Features Metal
Roof Age Over 8 Years, Metal

School Information

District Fergus Falls

Additional Information

Zoning Business/Commercial
Foreclosure No
Short Sale No
Taxes $6,506
Tax Year 2025
Office Weichert, Realtors - Paulson Land Co

Listing Details

OfficeWeichert, Realtors - Paulson Land Co

Interested in this property?

Request Showing

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?