Date
Details
Price
Change
Source
2/18/2026
Listed
$2,400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$2,400,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 1447 Patterson Loop
General
- Price: $2,400,000
- Taxes: $1,224 (2025)
- Status: Active
- Type: Commercial
- Source: NorthStarMLS_RMLS
- MLS ID: 7023314
- Updated: 2/18/2026
- Added to Site: 2 day(s) ago
Parking
- Parking Features: Parking Lot
Location
- County: Otter Tail
- Township: Fergus Falls
- Subdivision: Kirkbride Add
- Driving Directions: North of I94. North of Hwy 210.
School Information
- School District: 1944 - Fergus Falls
- High School District: Fergus Falls
Heating & Cooling
- Heating Type: Zoned
- Heating Fuel: Natural Gas
Utilities
- Sewer: City Sewer in Street
- Water: City Water (In-Street)
- Utility Description: Electric Separate
Structural Information
- Foundation Size: 15000
- Disability Access: Other
- Current Bldg. Use: Other
- Year Built: 1912
Lot Features
- Lot Size (Acres): 1.737
- Lot Dimensions: 102000
- Zoning: Business/Commercial
Financial Considerations
- Tax Amount: $1,224
- Tax Year: 2025
Disclosures and Reports
- Legal Description: SECT-27 TWP-133 RANGE-043 KIRKBRIDE ADDN PT LOT 1 BLK 5 LYING SWLY OF DESCRIBED LN COM MOST SLY COR LOT 1 N 46(DEGREES)E 299.73' TO BG N 43(DEGREES)W 132.42' N 9(DEGREES)E 33.88' TO NLY LN LOT 1 & TERM AKA TRACT C
- Inclusions: Building
- Property ID: 71003991877001
Listed by Horizon Real Estate Group
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NMLS#: 1598647
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Schools
Schools serving 1447 Patterson Loop
School District:Fergus Falls Public School District
| Name | Grades | Distance |
|---|---|---|
Cleveland Elementary School, Fergus Falls, MN 919 Northern Avenue, Fergus Falls, MN 56537 | 3-5 | 0.7 mi |
McKinley Elementary School, Fergus Falls, MN 724 West Laurel Street, Fergus Falls, MN 56537 | PK-K | 0.9 mi |
Adams Elementary School, Fergus Falls, MN 301 West Bancroft Avenue, Fergus Falls, MN 56537 | 1-2 | 1.7 mi |
Kennedy High School 601 Randolph Avenue, Fergus Falls, MN 56537 | 6-12 | 0.9 mi |
iQ Academy Minnesota 340 Friberg Avenue, Fergus Falls, MN 56537 | K-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1447 Patterson Loop
Tax History
Tax History for 1447 Patterson Loop
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,224
6%
$964,800
—
2023
$1,152
—
$964,800
3%
2023
$1,152
14%
$936,500
-3%
2022
$1,008
—
$967,600
100%
2020
$1,008
—
100%
2019
$1,008
27%
100%
2018
$792
—
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1447 Patterson Loop
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- Lots/Land
- Active
- Updated 1 day ago
- 7.72Acres
Listed by Boll Realty
- Lots/Land
- Active
- Updated 1 day ago
- 1.84Acres
Listed by FpG Realty
- Single Family
- Active
- Updated 1 day ago
- 2Beds
- 1Total Bath
- 1,250Sq. Ft.
Listed by Lakes Family Real Estate/Otter Tail Real Estate
- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 3Total Baths
- 2,541Sq. Ft.
Listed by Legacy Home Group MN LLC
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- Single Family
- Active
- Updated 1 day ago
- 2Beds
- 1Total Bath
- 920Sq. Ft.
Listed by Hammer Realty
1447 Patterson Loop, Fergus Falls, MN 56537 (MLS# 7023314) is a Commercial property. 1447 Patterson Loop is currently listed for $2,400,000 and was received on February 18, 2026. Want to learn more about 1447 Patterson Loop? Do you have questions about finding other Commercial real estate for sale in Fergus Falls? You can browse all Fergus Falls real estate or contact a Coldwell Banker agent to request more information.