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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.

Highlights

  • Commercial Sale
  • Built in 1912
  • 1.737 Acre Lot
  • 268 days on Market

  • Year Built
    1912
  • Construction Materials
    Stone
  • Foundation
    Other
  • Parking Features
    Parking Lot
  • Heating
    Natural Gas, Zoned

  • Acres
    1.737
  • Water
    Public


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Frequently Asked Questions

How do I schedule a tour of 1447 Patterson Loop?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 1447 Patterson Loop.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 1447 Patterson Loop?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $2,400,000. We can talk through recent upgrades, potential seller motivation, how this commercial sale compares to others in Fergus Falls, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 1447 Patterson Loop?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 1447 Patterson Loop at around $13,760. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 1447 Patterson Loop?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Otter Tail County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 1447 Patterson Loop?

In most cases, yes. Whether 1447 Patterson Loop is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Fergus Falls's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 1447 Patterson Loop?

We can handle that for you. Our preferred local agent specializes in commercial sales in Fergus Falls and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

How long has this property been on the market?

1447 Patterson Loop was listed on February 18, 2026, which means it's been on the market for 268 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1912, making it approximately 114 years old.

What is the lot size of this property?

1447 Patterson Loop sits on a 1.74-acre lot, which is 75,794 square feet.

What are the property taxes for 1447 Patterson Loop?

The most recent public record shows annual property taxes for 1447 Patterson Loop were approximately $1,224. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 1447 Patterson Loop still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Based on information submitted to the MLS GRID as of November 13, 2026 at 06:17AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Last Updated: November 13, 2026 at 06:17AM | Source: NorthstarMLS | MLS#: 7023314

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