Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    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
    This exceptional Fairmont, MN, property offers three available 1,920 sq ft shop condos in a completed building within the city's industrial park, providing easy I-90 access. Each unit features a 14' x 14' overhead door with an 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. HOA dues cover ground maintenance, snow removal, exterior insurance, and some utilities. Units can be customized with restrooms, mezzanines, and kitchenettes. Larger units are available, and future phases will add more. The largest contiguous space in the existing building measures 60' deep x 160' wide

    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

    Nearby Comparable

    • $220,000
      1,920 SF

      Fairmont Shop Condos For Sale

      Flexible Commercial/Personal Space
      700 Armstrong Dr, Fairmont, MN 56031
      View Details
    • $220,000
      1,920 SF

      Fairmont Shop Condos: Prime Location

      Flexible Commercial/Personal Space
      700 Armstrong Dr, Fairmont, MN 56031
      View Details
    • $220,000
      1,960 SF

      Fairmont, MN Industrial Condos

      New Shop Condos, Flexible Sizes
      700 Armstrong Dr, Fairmont, MN 56031
      View Details
    • $469,900
      8,974 SF

      Established Candle Business & Building

      Profitable, turnkey candle supply business with building.
      805 10Th St, Fairmont, MN 56031
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      3.33-acre commercial land parcel in Fairmont, Minnesota.
      1211 N State St, Fairmont, MN 56031
      View Details
    • Contact for pricing
      3.59 Acres

      Fairmont MN Agricultural Land

      Prime 3.59-acre development site. High visibility, easy access.
      0 State St, Fairmont, MN 56031
      View Details
    • Contact for pricing
      3 SF

      Prime Land Investment Opportunity

      3.59-acre commercial land with highway visibility in Fairmont, MN.
      N State St, Fairmont, MN 56031
      View Details
    • Contact for pricing

      Prime Land I-90 Frontage

      2.36-acre commercial land with high visibility on I-90.
      & I-90 N State St, Fairmont, MN 56031
      View Details
    • $365,000
      4,600 SF

      Fairmont Commercial Building & Land

      Prime Location, Multi-Use Potential, High Visibility
      411 State St, Fairmont, MN 56031
      View Details
    • Contact for pricing

      Redevelopment Opportunity in High-Visibility Corridor

      0.74-acre commercial lot ready for redevelopment in Fairmont, MN.
      415 State St S, Fairmont, MN 56031
      View Details
    • $325,000
      0.99 Acres

      Fairmont Commercial Land - $325K

      Prime 0.99-acre commercial lot, ready for development.
      415 State St, Fairmont, MN 56031
      View Details
    • Contact for pricing
      2 SF

      High-Visibility Commercial Property on Highway

      1.3-acre commercial property with highway frontage in Fairmont, MN.
      2237 N State St, Fairmont, MN 56031
      View Details

    Nearby Similar for Sale

    • Contact for pricing
      2 SF

      High-Visibility Commercial Property on Highway

      1.3-acre commercial property with highway frontage in Fairmont, MN.
      2237 N State St, Fairmont, MN 56031
      View Details
    • $1,350,000
      13,968 SF

      Five Industrial Warehouses For Sale

      Five recently built industrial warehouses in thriving industrial park.
      1131 Indus St, Fairmont, MN 56031
      View Details
    • $469,900
      8,974 SF

      Established Candle Business & Building

      Profitable, turnkey candle supply business with building.
      805 10Th St, Fairmont, MN 56031
      View Details
    • $365,000
      4,600 SF

      Fairmont Commercial Building & Land

      Prime Location, Multi-Use Potential, High Visibility
      411 State St, Fairmont, MN 56031
      View Details
    • $400,000
      7,166 SF

      Fairmont Multi-Unit Property Investment

      Nine-unit complex, 7,166 sq ft, 1.6 acres
      111 Dorothy St, Fairmont, MN 56031
      View Details
    • $220,000
      1,920 SF

      Fairmont Shop Condos: Prime Location

      Flexible Commercial/Personal Space
      700 Armstrong Dr, Fairmont, MN 56031
      View Details
    • $220,000
      1,920 SF

      Fairmont Shop Condos For Sale

      Flexible Commercial/Personal Space
      700 Armstrong Dr, Fairmont, MN 56031
      View Details
    • $220,000
      1,960 SF

      Fairmont, MN Industrial Condos

      New Shop Condos, Flexible Sizes
      700 Armstrong Dr, Fairmont, MN 56031
      View Details

    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
    Request Owner's contact information
    700 Armstrong Dr Fairmont, MN 56031
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    700 Armstrong Dr
    Fairmont, MN 56031
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.