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    Fairmont, MN
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    Fairmont, MN Apartment Buildings for Sale

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    Mixed-Use Downtown Building
    Updated: May 20
    Mixed-Use Downtown Building

    40 Downtown Plaza, Fairmont, MN 56031

    Contact for pricing
    7,200 sqft
    Two‑story concrete and brick mixed‑use building (1946) in Downtown Fairmont, MN
    Approx. 7,200 SF per level for a total approximate building size of 14,400 SF
    Main level includes a new nail salon plus high‑end TI and equipment
    Main level also features a 5,677 SF warehouse/flex space with one drive‑in overhead door
    Second floor has ten apartments and a common laundry area
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    City Side Estates Apartments
    Updated: May 20
    City Side Estates Apartments

    600 Burton Lane, Fairmont, MN 56031

    Contact for pricing
    36,840 sqft
    36 apartments and 19 garages offer significant rental income potential
    Prime location in the Southeast Corner of Fairmont, close to essential amenities
    Proximity to Fairmont Junior/Senior High School and Mayo Health Systems
    Desirable unit mix: 34 two‑bedroom and 2 one‑bedroom apartments
    Durable exterior featuring Chicago brick and vinyl siding
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Fairmont, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Townhome-Style Apartment Buildings
    Townhome-Style Apartment Buildings

    3300 Sunner Ave Bldg A & B, Spirit Lake, IA 51360

    $1,395,000
    14,784 sqft

    Twelve-unit multifamily property with attached garages, in-unit laundry, and walk-out patios.

    View details
    11-Unit Apartment Building
    11-Unit Apartment Building

    905 E 5th Street, Blue Earth, MN 56013

    $419,900
    0.60 AC lot

    Mixed apartment layouts feature individual utility metering, resident parking, and seller-owned coin laundry.

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    Value-Add Apartment Opportunity
    Value-Add Apartment Opportunity

    830 Moore St., Blue Earth, MN 56013

    Contact for pricing
    19,200 sqft 0.97 AC lot

    Apartment complex with value-add potential in Blue Earth, Minnesota.

    View details
    Eight-Unit Apartment Building
    Eight-Unit Apartment Building

    1501 Hill Ave, Spirit Lake, IA 51360

    $900,000

    Multi-unit property offers detached garage parking, basement storage, and shared laundry facilities.

    View details

    Fairmont, MN Apartment Buildings Market Trends and Statistics

    Explore 2 apartment buildings for sale in Fairmont, MN on our real estate platform. These investment opportunities span a total of 44,040 square feet of properties for sale.

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    Demographics Overview

    Population 12K
    Population Growth (5Y) -0.4%
    Median Household Income $61,475
    College Educated 35.0%

    Taxes & Financing

    Tax Rate (average for all types) 2.60%
    Property Tax per SF $49.48 per SF
    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in Fairmont fall within the 50,000 to 100,000 square foot range.

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