Fergus Falls, MN Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Fergus Falls, Minnesota Market population: 13K. Browse multifamily, office, retail, industrial, and mixed-use investment...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Fergus Falls MN Properties: 3.1000%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Fergus Falls MN
Common questions from investors exploring commercial real estate in Fergus Falls MN.
What's the overall investment potential of Fergus Falls, MN, considering its demographics and economy?
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The 11.3% poverty rate and 94.4% health insurance coverage in Fergus Falls suggest a relatively stable workforce, which is further supported by a strong median household income of $41,322 and a diverse economy with top industries like Finance & Insurance and Public Administration. With a median age of 41.4 and a high homeownership rate of 62.7%, this city offers a promising mix of stability and growth potential for real estate investors. The city's ethnic diversity, although predominantly White, also indicates a potentially vibrant community.
How does the quality of life in Fergus Falls impact its attractiveness to renters and property values?
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Fergus Falls boasts an average commute time of just 13.2 minutes, which, combined with its high health insurance coverage rate, suggests a high quality of life that can attract and retain renters. The top commute methods, including driving alone and carpooling, also indicate good transportation infrastructure, making it easier for residents to get around. This, in turn, can support higher property values, such as the median property value of $114,400, and make the city more appealing to investors.
What role does the local economy play in the real estate market, and what are the key industries driving growth?
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The local economy in Fergus Falls, driven by industries like Finance & Insurance, Real Estate & Rental & Leasing, and Public Administration, contributes to a stable employment market, with 6,583 employed individuals. This stability, coupled with a median household income of $41,322 and a relatively low poverty rate of 11.3%, creates a favorable environment for real estate investment. The presence of these industries also suggests a demand for housing that can support rental yields and property appreciation.
How does the city's demographic profile influence the demand for different types of real estate investments?
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The demographic profile of Fergus Falls, characterized by a median age of 41.4, a high percentage of White residents, and a foreign-born rate of 2.1%, indicates a relatively homogeneous community. However, this profile also suggests a potential demand for family-friendly housing and community amenities, given the high homeownership rate of 62.7% and the relatively low poverty rate. Investors looking to cater to this demographic may find opportunities in developing or renovating properties that appeal to families and long-term residents.
What are the implications of Fergus Falls' education and safety metrics for real estate investors?
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The high school graduation rate of 92.1% and the presence of a educated workforce, with 23.1% holding a Bachelor's degree or higher, contribute to a skilled and stable labor market in Fergus Falls. When combined with the low violent crime rate of 2.1 per 1,000 residents, these factors suggest a safe and attractive environment for both residents and investors. This, in turn, can support property values and rental yields, making Fergus Falls an appealing location for real estate investment, especially for those looking for long-term stability and growth.
Fergus Falls MN Real Estate & City Facts
Key facts and real estate information about Fergus Falls MN.
What are some of the best neighborhoods to live in Fergus Falls?
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Some of the best neighborhoods to live in Fergus Falls include South Fergus Falls, Parkdale, and areas near the Central Lakes Trail. These neighborhoods offer a peaceful environment, beautiful parks, and easy access to outdoor recreation.
What are some fun things to do in Fergus Falls?
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There are plenty of fun things to do in Fergus Falls, including visiting Otto the Big Otter, exploring the Otter Tail County Museum, and enjoying the outdoors at DeLagoon Park or on the Central Lakes Trail. You can also check out the I 94 Speedway or take a scenic drive to discover the area's natural beauty.
What is the food scene like in Fergus Falls?
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The food scene in Fergus Falls is diverse and growing, with options like Big Chief Cafe, Don Pablo's Family Mexican Restaurant, and Töast, a Scandinavian-Fusion Cafe. There are also plenty of great food trucks and local eateries to try.
What are the pros and cons of living in Fergus Falls?
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The pros of living in Fergus Falls include its peaceful environment, beautiful parks, and easy access to outdoor recreation. However, some cons include the limited job opportunities and lower median household income compared to other areas. Overall, Fergus Falls is a great place to live for those who value a close-knit community and outdoor activities.
Is Fergus Falls a good place to live?
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Fergus Falls can be a great place to live for the right person. It offers a unique blend of small-town charm and outdoor recreation opportunities, making it an ideal choice for those who value a peaceful environment and a strong sense of community. However, it may not be the best fit for everyone, particularly those looking for a more urban lifestyle or greater job opportunities.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Fergus Falls MN Commercial Property: $41,322
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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