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111 Dorothy St Fairmont, MN 56031

Sponsored
For Sale
$400,000

Nine-unit complex, 7,166 sq ft, 1.6 acres

Property size:
7,166 SF

Description

Added:
Feb 3, 2025
Days on Market:
337
This exceptional investment opportunity presents two substantial buildings situated on a spacious 1.6-acre lot in Fairmont, Minnesota. The property boasts a total of 7,166 square feet of well-maintained space, housing nine individual units. Each unit offers comfortable living arrangements, with a range of two to four bedrooms, resulting in a total of 26 bedrooms across the entire complex. The property's versatility is further enhanced by the inclusion of a fully equipped commercial kitchen, perfect for catering or food service operations. A dedicated conference room and ample office space provide additional functionality, ideal for a variety of business ventures. Maintenance is simplified with an oversized two-car garage, providing ample storage and workshop space. A large parking lot ensures convenient parking for residents and guests. The property also features a significant amount of undeveloped green space, presenting exciting possibilities for future expansion or landscaping projects. Its prime location near Highway 15 offers easy access to major transportation routes, while the mature trees and proximity to Hall Lake provide a tranquil and desirable setting. This property is a rare find, offering significant potential for both immediate income generation and long-term growth.

Property Features for 111 Dorothy St

General Information

Property type
Other commercial real estate
Square Feet
7,166 SF
Lot Size
69,696 SF

Building Details

Year Built
1977

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Law Firm Restaurant Hair Salon Gym & Fitness Accounting Firm Bar & Pub Hotel & Motel Nursing Home Assisted Living Facility

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

Location Insight

  • Map
  • Local Demand
City
Fairmont
County
Martin
State
Minnesota
Longitude
-94.46069
Latitude
43.61373

FAQs

What type of property is this?
Commercial real estate - Nine-unit complex, 7,166 sq ft, 1.6 acres
Where is this commercial real estate located?
The property is located at 111 Dorothy St Fairmont, MN.
What is the asking price?
The asking price for this property is $400,000.
More about this property
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