100 Otter Dr - Freestanding FOR SALE


Ottertail, MN 56571
$135,000 USD
305-206-1286
100 Otter Dr, Ottertail, MN for Sale
$135,000 USD
Freestanding - FOR SALE
1/9
null | Request Cap Rate

100 Otter Dr
Ottertail, MN 56571


HIGHLIGHTS

  • ABSOLUTE $1 AUCTION | Former Family Dollar | 2014 Built | Hard Corner | AUCTION SEPTEMBER 23-25
  • 8,350 SF Freestanding Value-Add Retail on 1.1 Acres Available at Substantial Discount Below Replacement Cost
  • Built in 2014; Former Family Dollar with Open Floor, Rear Storage Room, and Side Door for Deliveries
  • Surrounding Traffic Generators: Dollar General, Arco, Sanford Health, Buchanan Lake, and more
  • 4,155 VPD Traffic Counts at Hard Corner with Highway Frontage on MN-78
  • Zoned C-1, Commercial and R-1, Single-Family/Duplex with a Variety of Uses

OVERVIEW

Marcus & Millichap is pleased to present a vacant, free-standing retail building located at 100 Otter Drive in Ottertail, MN 56571 (the “Property”). Formerly occupied by Family Dollar, the Property is being offered significantly below replacement cost presenting an excellent opportunity for owner/users or investors to acquire a highly visible commercial asset with direct highway frontage at a substantial discount. FIRST BID MEETS RESERVE! Constructed in 2014, the Property comprises a ±8,350-square-foot single-story retail building situated on two parcels totaling ±1.1320 acres (±49,310 SF). The site includes 21 surface parking spaces and enjoys a prominent hard corner location with ±290 feet of frontage along Otter Drive and additional visibility from Highway 78, which sees ±4,155 vehicles per day (VPD). Previously operated under a triple net (NNN) lease by Family Dollar, the Property represents a compelling value-add opportunity to re-lease or reposition at long-term market rates (CoStar estimated retail rents $8-10/SF NNN). The site is zoned C-1 (Non-Riparian Commercial Located Outside the Shoreland Boundary) as well as zoned R-1 (Single Family/Duplex), offering favorable and flexible zoning that accommodates a wide array of commercial uses. The Property is located in Ottertail, Minnesota, a small but growing community in Otter Tail County, one of the state’s most scenic and recreation-oriented regions. Ottertail lies within the Fergus Falls Micropolitan Statistical Area, known for its expansive lake systems, tourism economy, and seasonal population surges. The city is strategically positioned along Minnesota State Highway 78, a key north-south corridor that connects Ottertail to Perham (±11-mi south) and Henning (±7-mi north), with broader connectivity via U.S. Highway 10 and Interstate 94. This corridor supports a steady flow of local and regional traffic, driven by year-round residents, recreational travelers, and seasonal visitors. Ottertail features a mix of small businesses, essential services, and hospitality-driven enterprises serving the surrounding lake communities. The Property benefits from its proximity to Otter Tail Lake and Thunder Pond Resort & Golf Course, enhancing its visibility to both locals and tourists. Its high-profile corner location along Otter Drive, Ottertail’s main thoroughfare, offers direct access to Highway 78 and is surrounded by fuel stations, restaurants, and daily-use retailers. With nearly 7,000 residents within a 10-mile radius and an average household income (AHHI) exceeding $96,500, the Property is well-positioned for re-leasing, adaptive reuse, or long-term investment within this underserved but high-traffic corridor.

FOR SALE DETAILS

PRICE

$135,000 USD

PRICE/SF

$16 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$1 Auction - REIT Sale | Former Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

-

APN/PARCEL ID

74000990421002

ASK ABOUT THIS PROPERTY

Philip KatesMarcus & MillichapMore Info
305-206-1286

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Philip KatesMarcus & MillichapMore Info
305-206-1286

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.