1517 Patterson Loop, Fergus Falls, MN 56537 (MLS# 7023364)

1517 Patterson Loop, Fergus Falls, MN 56537

$600,000
Property Type: Commercial Lot Size (sq. ft.): 40,511 Status: Active
Current Price: $600,000 List Date: 2/18/2026 Last Modified: 6/26/2026

Overview

Description

Multifamily or mixed-use redevelopment opportunity eligible for 40% Federal and State Historic Tax Credits. Built in 1931 and designed by renowned architect Clarence H. Johnston, this steel-frame brick building is located on the former Fergus Falls State Hospital campus, where several adjacent buildings have already been successfully redeveloped.

Listing Details MLS# 7023364

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
10
Waterfront YN
No
Year Built
1931
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
15000
For Sale or Lease
For Sale
Acres
0.93
Lot Dimensions
40511
Assessment Pending
No

Property Features

Accessible: Other CMU Style: Business Opportunity Construction Status: Previously Owned Current Use: Commercial Exterior: Brick/Stone Foundation: Other Fuel: Propane Heating: Hot Water On Site Utilities: Electric Common Parking Characteristics: Parking Lot Sewer: City Sewer - In Street Water: City Water - In Street

Contract Information

Contingency
None
ListPrice
600000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
1517
Street Name
Patterson
Street Suffix
Loop
Postal City
Fergus Falls
County
Otter Tail
State
MN
Zip Code
56537
Complex/Dev/Subdivision
Kirkbride Add

Assessments

Tax With Assessments
5284

Building Information

Building Finished SqFt
30900

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
43
Section#
27
Township#
133

Sale Options

Sale Includes
Building

Unit Details

Total Units
10
IDX
Listing Office: Horizon Real Estate Group
Last Updated: June - 26 - 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. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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