1517 Patterson Loop

Highlights:

• 297 SF building
• 30 units
• Built in 1912
• Zoned B-3
• Historic tax credit eligible
• Designed by famous architect
• Steel and brick construction
• Potential for multi-family use

Description:

Introducing a rare opportunity in Fergus Falls, MN: a historic 297 SF building, boasting 30 units, originally built in 1912. Zoned B-3 and eligible for historic tax credits, this property's potential is enhanced by a renowned architect's design and steel and brick construction. With the flexibility to be converted into multi-family use, this property offers a compelling investment opportunity for a savvy Multifamily / Mid-Rise investor seeking a distinctive and historically significant asset. Don't miss the chance to invest in this unique property with remarkable potential in the heart of Fergus Falls.

Discover an exceptional opportunity to invest in the thriving community of Fergus Falls, MN, the county seat of Otter Tail County. The area is enriched with natural beauty, boasting over 1,000 lakes in Otter Tail County alone, providing a picturesque backdrop for residents. Fergus Falls offers a diverse economy with major employers in healthcare, manufacturing, and education, contributing to a robust job market and steady job growth. The region's appeal is further enhanced by cultural attractions and a strong sense of community, making it an enticing prospect for investors seeking to capitalize on the area's growing popularity and economic vitality.