Date
Details
Price
Change
Source
6/05/2026
Listed
$325,000
—
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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$325,000 Just Listed
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Property 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 exceptional flexibility and value.
Full Property Details
Full Property Details for 315 S Mill St
General
- Price: $325,000
- Taxes: $6,506 (2025)
- Status: Active
- Type: Commercial
- Source: NorthStarMLS_RMLS
- MLS ID: 7083288
- Updated: 6/5/2026
- Added to Site: 4 day(s) ago
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Description: 32 x 40
- Garage Spaces: 3
- Parking Features: Attached Garage, Parking Lot
Location
- County: Otter Tail
- Township: Fergus Falls
- Subdivision: Fergus Falls
- Driving Directions: 315 S Mill St
School Information
- School District: 544 - Fergus Falls
- High School District: Fergus Falls
Heating & Cooling
- Central air: Yes
- Cooling Type: Central Air
- Heating Type: Heat Pump
- Heating Fuel: Electric
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
- Utility Description: Electric Common
Structural Information
- Foundation Size: 5400
- Roof: Age Over 8 Years, Metal
- Disability Access: No Stairs Internal
- Square Feet: 5,400
- Finished Down/Base.: 5,400 Sq. Ft.
- Current Bldg. Use: Office, Professional Service
- Year Built: 1919
Lot Features
- Lot Size (Acres): 0.172
- Lot Dimensions: 50 x 150
- Potential Use: Office, Income
- Zoning: Business/Commercial
Financial Considerations
- Tax Amount: $6,506
- Tax Year: 2025
Disclosures and Reports
- 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
- Inclusions: Building, Land
- Property ID: 71001990136000
Listed by Weichert, Realtors - Paulson Land Co
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Listing agents
— 315 S Mill St —
Weichert, Realtors - Paulson Land Co
NMLS#: 1598647
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Schools
Schools serving 315 S Mill St
School District:Fergus Falls Public School District
| Name | Grades | Distance |
|---|---|---|
Adams Elementary School, Fergus Falls, MN 301 West Bancroft Avenue, Fergus Falls, MN 56537 | 1-2 | 0.5 mi |
Cleveland Elementary School, Fergus Falls, MN 919 Northern Avenue, Fergus Falls, MN 56537 | 3-5 | 0.8 mi |
McKinley Elementary School, Fergus Falls, MN 724 West Laurel Street, Fergus Falls, MN 56537 | PK-K | 0.8 mi |
iQ Academy Minnesota 340 Friberg Avenue, Fergus Falls, MN 56537 | K-12 | 0.6 mi |
Kennedy High School 601 Randolph Avenue, Fergus Falls, MN 56537 | 6-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 315 S Mill St
Estimate the Cost
Estimate the Cost for 315 S Mill St
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- 2,424Sq. Ft.
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Sold by RE/MAX Advantage Plus
315 S Mill Street, Fergus Falls, MN 56537 (MLS# 7083288) is a Commercial property. 315 S Mill Street is currently listed for $325,000 and was received on June 05, 2026. Want to learn more about 315 S Mill Street? 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.