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    OFF-MARKET
    Commercial real estate

    111 Dorothy St, Fairmont, MN 56031

    7,166 SF 1.6 ac lot Built 1977
    Property ID
    US46-2406233
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Commercial real estate
    Year built 1977
    Total area 7,166 SF
    Lot 1.6 ac (69,696 SF)
    UPID US46-2406233
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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