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    700 Armstrong Dr Fairmont, MN 56031

    Sponsored
    For Sale
    $220,000

    Flexible Commercial/Personal Space

    Property size:
    1,920 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    Invest in this exceptional opportunity located in Fairmont, MN's thriving industrial park, offering three available 1920 sq ft shop condos. Each unit boasts a 14' x 14' overhead door with electric opener, floor drains, air exchangers, and separately metered utilities (natural gas, water/sewer, electricity). Fiber optics are available. A hard surface area in front of the building facilitates easy loading and unloading for delivery trucks. These units are perfect for commercial businesses, offering the flexibility to combine multiple units for larger operations. Alternatively, they provide ample space for personal use, such as a dream garage, storage facility, or hobby workshop. Customize your space with features like restrooms, mezzanines, and kitchenettes. The units are part of a larger development with future phases planned, offering potential for expansion. The property is conveniently located within city limits with easy access to I-90. HOA dues cover ground maintenance, snow removal, exterior insurance, and some utilities. This is a unique opportunity to own a versatile and well-equipped space, ideal for a variety of uses. The largest continuous space available is 60' deep x 160' wide. Currently, three 1920 sq ft units (60' deep x 32' wide) are available for purchase. Don't miss this chance to secure your ideal space.

    Property Features for 700 Armstrong Dr

    General Information

    Property type
    Investment properties
    Square Feet
    1,920 SF
    Lot Size
    529,690 SF

    Building Details

    Year Built
    2024
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Building Supply Auto Repair Shop Wholesale Shop Hotel & Motel Pharmacy Gym & Fitness Accounting Firm Storage Facility Electrical Service Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fairmont
    County
    Martin
    State
    Minnesota
    Longitude
    -94.50802
    Latitude
    43.65683

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    FAQs

    What type of property is this?
    Investment property - Flexible Commercial/Personal Space
    Where is this investment property located?
    The property is located at 700 Armstrong Dr Fairmont, MN.
    What is the asking price?
    The asking price for this property is $220,000.
    (507) 235-5666
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    700 Armstrong Dr Fairmont, MN 56031
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    700 Armstrong Dr Fairmont, MN 56031
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