Fergus Falls Apartments - Historic Charm With Complete Restoration

For Sale

1447 and 1628 Patterson Loop, Fergus Falls, MN 56537

This Fergus Falls property for sale is located at 1447 and 1628 Patterson Loop. The current listed sale price for Fergus Falls Apartments - Historic Charm With Complete Restoration is $2,400,000. Fergus Falls Apartments - Historic Charm With Complete Restoration is situated on a lot that is 2.51 acre in size.

Contacts

broker
Brian Tulibaski

Horizon Real Estate Group

Property Details

  • Property Type Multi-Family
  • Property Size 32,736 SF
  • Units 31
  • Lot Size 2.51 Acre
  • Year Built 1920
  • Year Renovated 2017
  • Date Updated Apr 14, 2025
Discover an exceptional opportunity to invest in the thriving community of Fergus Falls, MN, the county seat of Otter Tail County. The area is enriched with natural beauty, boasting over 1,000 lakes in Otter Tail County alone, providing a picturesque backdrop for residents. Fergus Falls offers a diverse economy with major employers in healthcare, manufacturing, and education, contributing to a robust job market and steady job growth. The region's appeal is further enhanced by cultural attractions and a strong sense of community, making it an enticing prospect for investors seeking to capitalize on the area's growing popularity and economic vitality.Discover a timeless investment opportunity at 1447 and 1628 Patterson Loop, Fergus Falls, MN. This historic property consists of two buildings, offering a total of 31 meticulously designed units. Originally constructed in 1920 and beautifully restored in 2017 through the Historic Tax Credit program, the buildings showcase a perfect blend of classic charm and modern convenience. This complete restoration, down to the bare walls, includes new wiring, plumbing, tuck-pointed brick, HVAC, sprinklers, kitchen, bath, and flooring. The steel frame construction adds to the property's durability, making it a rare find in today's market. Designed by renowned architect Clarence H. Johnston, this property offers a rare opportunity for the astute multifamily investor to own a piece of history while enjoying the rewards of a fully modernized investment.
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Highlights

  • 2 Buildings Totaling 32,736 SF
  • Steel Frame Construction
  • 31 Units Built in 1920
  • Renovated Down To Bare Walls In 2017
  • New Wiring
  • New Plumbing
  • Newly Tuck-Pointed Brick
  • New HVAC
  • New Roof
  • Designed by Renowned Architect Clarence H. Johnston

Getting around

  • 19/100

    Walk Score ®

  • 34/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Fergus Falls, MN
  • Zip Code 56537

Points of Interest

  • Casey's General Store

    0.29 miles

  • M & H Gas Station

    1.32 miles

  • Holiday Gas Station

    1.36 miles

  • Olson Oil

    1.58 miles

  • Fleet Farm Gas Station

    1.60 miles

  • Zip Trip

    2.03 miles

  • Arco

    6.03 miles

  • North Parking

    1.13 miles

  • East Parking

    1.22 miles

  • West Parking

    1.23 miles

  • South Parking

    1.26 miles

  • Parking Lot, Valdine WMA

    5.59 miles

  • Parking Lot, Orwell WMA

    6.37 miles

  • Parking Lot,

    7.53 miles

  • Super 8

    1.90 miles

  • Rodeway Inn

    1.91 miles

  • AmericInn by Wyndham Fergus Falls

    1.93 miles

  • Country Inn & Suites

    2.07 miles

  • Comfort Inn

    2.09 miles

  • Sears

    1.19 miles

  • Service Foods

    1.21 miles

  • ALDI

    1.56 miles

  • Kmart

    1.58 miles

  • West Ridge Mall

    1.79 miles

  • Westridge Mall

    1.82 miles

  • Walmart Supercenter

    2.26 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Brian Tulibaski

Horizon Real Estate Group

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