315 S Mill Street, Fergus Falls, MN 56537

New Listing
$325,000
Property Type: Commercial Lot Size (sq. ft.): 7,405 Status: Active
Current Price: $325,000 List Date: 6/05/2026 Last Modified: 6/12/2026

Overview

Description

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 excep ...

Listing Details MLS# 7083288

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
6
Owner Occupied
No
Waterfront YN
No
Year Built
1919
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
5400
Garage Stalls
3
For Sale or Lease
For Sale
Acres
0.17
Lot Dimensions
50 x 150
Assessment Pending
No

Property Features

Accessible: No Stairs Internal Air Conditioning: Central Air Basement: None CMU Style: Business Opportunity; Office Construction Status: Previously Owned Current Use: Office; Professional Service Exterior: Metal Foundation: Slab Fuel: Electric Heating: Heat Pump Location Description: Downtown Lock Box Type: Combo On Site Utilities: Electric Common Parking Characteristics: Parking Lot Potential Use: Income; Office Roof: Age Over 8 Years; Metal Sewer: City Sewer/Connected Stories: One Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
325000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
315
Street Direction Prefix
S
Street Name
Mill
Street Suffix
Street
Postal City
Fergus Falls
County
Otter Tail
State
MN
Zip Code
56537
Complex/Dev/Subdivision
Fergus Falls

Assessments

Tax With Assessments
6506
Assessment Balance
0

Basement

Foundation Dimensions
108 x 50
None
Yes

More Information

Building Information

Building Finished SqFt
5400
Building SqFt
5400

Lease Details

Land Leased
Not Applicable

Lock Box Type

Lock Box Source
GLAR
Combo
Yes

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Dimensions
32 x 40
Garage Square Feet
1280
Parking Lot
Yes

Public Survey Info

Range#
43
Section#
3
Township#
132

Sale Options

Sale Includes
Building, Land

Unit 1

Unit Number
Yes
Monthly Rent
1650
Unit Total SqFt
2889
Leased?
Yes
Lease Expiration Date
2026-07-31

Unit 2

Lease Expiration Date
2026-07-31
Leased?
Yes
Monthly Rent
395
Unit Number
2
Unit Total SqFt
727

Unit 3

Lease Expiration Date
2026-07-31
Leased?
Yes
Monthly Rent
625
Unit Number
3
Unit Total SqFt
834

Unit 4

Leased?
No
Unit Number
4
Unit Total SqFt
1006

Unit 5

Unit Number
5

Unit Details

Total Units
5

Office/Member Info

Association
GLAR

Location, Tax and Other Information

Legal Description
SECT-03 TWP-132 RANGE-043 ORIGINAL PLAT-FERGUS FALLS LOT 15 EX N 2.90', 16 & N 2.90' OF 17 BLK 33
Listing City
Fergus Falls
Map Page
999
Municipality
Fergus Falls
School District
Fergus Falls
School District Phone
218-998-0544
Zip Plus 4
2541
Property ID Number
71001990136000
Tax Year
2025
Tax Amount
6506
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
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.
Directions
315 S Mill St

Accessible

No Stairs Internal
Yes

Air Conditioning

Central Air
Yes

Construction Status

Previously Owned
Yes

Exterior

Metal
Yes

Foundation

Slab
Yes

Fuel

Electric
Yes

Heating

Heat Pump
Yes

Roof

Age Over 8 Years
Yes
Metal
Yes

Sewer

City Sewer/Connected
Yes

Stories

One
Yes

Water

City Water/Connected
Yes

On Site Utilities

Electric Common
Yes

CMU Style

Business Opportunity
Yes
Office
Yes

Current Use

Office
Yes
Professional Service
Yes

Location Description

Downtown
Yes

Potential Use

Income
Yes
Office
Yes

Documents

IDX
Listing Office: Weichert, Realtors - Paulson Land Co
Last Updated: June - 12 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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