111 Dorothy St, Fairmont, MN 56031
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.