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Mixed-Use Building with Apartment
For Sale
$62,900

101 2nd St SE, Fairfax, MN 55332

Two-level layout combines a commercial main floor with an upstairs residential unit.

Property Size2,400 SF
Price / SF$26.21
Days on Market27

Property Features for 101 2nd St SE

General Information

Standard status Active
Size 2,400 SF

Additional Details

Utilities to Site Yes

Amenities

garage

Building Details

Year Built 1900
Buildings 1
Listing Agency: Kerkhoff Auction & Real Estate
Listed By: Valerie Jean Stephens
Source: Vibemn
Added: Aug 4 Changed: Aug 27 Last Checked: Aug 29 at 12:33PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kerkhoff Auction & Real Estate

Investment Insights

Based on property information with market context.

Located at 101 2nd St SE in Fairfax, MN 55332, this mixed-use property brings commercial and residential space together in one building. The main floor can accommodate retail, office, or service-oriented operations, while the upper level contains a 3-bedroom apartment with a full bath.

Built in 1900, the property is heated by a gas boiler. The site also includes a large lot and a garage, adding space for parking and storage. The combination of commercial premises, an upstairs dwelling, and supporting site improvements creates a flexible configuration for ownership or leasing arrangements.

Key Highlights

  • Main‑floor space supports retail, office, or service‑based operations
  • Upper level includes a 3‑bedroom apartment with a full bath
  • Gas boiler heat system

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Building Supply Bakery Barber Shop Veterinary Clinic Florist Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

124
Businesses Nearby

Demographics for 55332, MN

1,838
Population
773
Households
2.4
Avg Household Size
45
Median Age
12%
College-Educated
86%
High-School Grad
114.3 sq mi
ZIP Area
16
Density / Sq Mi
$58,177
Median Household Income
$34,943
Median Earnings
$447
Median Rent
$135,800
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-level layout combines a commercial main floor with an upstairs residential unit.
Where is this mixed-use property located?
The property is located at 101 2nd St SE Fairfax, MN.
What is the asking price?
The asking price for this property is $62,900.
What are key features of this property?
This property features: Main‑floor space supports retail, office, or service‑based operations; Upper level includes a 3‑bedroom apartment with a full bath; Gas boiler heat system
More about this property
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