Date
Details
Price
Change
Source
2/18/2026
Listed
$600,000
—
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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Property 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.
Full Property Details
Full Property Details for 1517 Patterson Loop
General
- Price: $600,000
- Taxes: $5,284 (2025)
- Status: Active
- Type: Commercial
- Source: NorthStarMLS_RMLS
- MLS ID: 7023364
- Updated: 2/18/2026
- Added to Site: 1 day(s) ago
Parking
- Parking Features: Parking Lot
Location
- County: Otter Tail
- Township: Fergus Falls
- Subdivision: Kirkbride Add
- Driving Directions: North of W Fir Ave. West of Cleveland Ave.
School Information
- School District: 1944 - Fergus Falls
- High School District: Fergus Falls
Heating & Cooling
- Heating Type: Hot Water
- Heating Fuel: Propane
Utilities
- Sewer: City Sewer in Street
- Water: City Water (In-Street)
- Utility Description: Electric Common
Structural Information
- Foundation Size: 15000
- Disability Access: Other
- Current Bldg. Use: Commercial
- Year Built: 1931
Lot Features
- Lot Size (Acres): 0.933
- Lot Dimensions: 40511
- Zoning: Business/Commercial
Financial Considerations
- Tax Amount: $5,284
- Tax Year: 2025
Disclosures and Reports
- Legal Description: SECT-27 TWP-133 RANGE-043 KIRKBRIDE ADDN LOT 1 BLK 5 EX TR AKA TRACT D
- Inclusions: Building
- Property ID: 71003991877000
Listed by Horizon Real Estate Group
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— 1517 Patterson Loop —
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NMLS#: 1598647
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Schools
Schools serving 1517 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 | 1 mi |
Adams Elementary School, Fergus Falls, MN 301 West Bancroft Avenue, Fergus Falls, MN 56537 | 1-2 | 1.8 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 1517 Patterson Loop
Tax History
Tax History for 1517 Patterson Loop
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,284
-8%
$400,900
12%
2023
$5,768
—
$357,800
-9%
2023
$5,768
1%
$391,100
461%
2022
$5,714
378%
$69,700
—
2020
$1,196
1%
$69,700
—
2019
$1,188
3%
$69,700
1%
2018
$1,156
1%
$68,700
—
2017
$1,144
-55%
$68,700
-55%
2016
$2,560
2%
$153,400
—
2015
$2,504
8%
$153,400
—
2014
$2,322
—
$153,400
—
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 1517 Patterson Loop
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- Commercial
- Active
- 1,350Sq. Ft.
- 33.9Acres
Listed by Dane Arthur Real Estate Agency-Crosslake
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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
- 4Beds
- 3Total Baths
- 2,541Sq. Ft.
Listed by Legacy Home Group MN LLC
- Single Family
- Active
- Updated 1 day ago
- 2Beds
- 1Total Bath
- 1,250Sq. Ft.
Listed by Lakes Family Real Estate/Otter Tail Real Estate
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- Single Family
- Active
- Updated 1 day ago
- 2Beds
- 1Total Bath
- 920Sq. Ft.
Listed by Hammer Realty
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- Single Family
- Closed
- 5Beds
- 3Total Baths
- 3,344Sq. Ft.
Listed by Weichert, Realtors - Paulson Land Co
Sold by eXp Realty
Sold by eXp Realty
- Single Family
- Closed
- 5Beds
- 3Total Baths
- 3,852Sq. Ft.
Listed by EXIT MN Lakes Realty
Sold by Andrew Yaggie Real Estate
Sold by Andrew Yaggie Real Estate
- Single Family
- Closed
- 4Beds
- 3Total Baths
- 3,406Sq. Ft.
Listed by High Valley FM LLC
Sold by Keller Williams Realty Professionals
Sold by Keller Williams Realty Professionals
- Single Family
- Closed
- 5Beds
- 3Total Baths
- 2,788Sq. Ft.
Listed by Century 21 Atwood
Sold by RE/MAX Advantage Plus
Sold by RE/MAX Advantage Plus
1517 Patterson Loop, Fergus Falls, MN 56537 (MLS# 7023364) is a Commercial property. 1517 Patterson Loop is currently listed for $600,000 and was received on February 18, 2026. Want to learn more about 1517 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.