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

    509 3Rd St Farmington, MN 55024

    Sponsored
    For Sale
    $550,000

    Spacious Office, Ample Parking, Updated

    Property size:
    3,225 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 3,225 square foot office building is situated in the heart of downtown Farmington, Minnesota, at 509 3rd Street. The property boasts a prime location directly across from the Farmington Library, ensuring high visibility and accessibility. This brick and block structure offers a versatile space suitable for various commercial uses, including retail, office, or business services. The building features numerous desirable attributes, including a recently renovated interior and exterior, a new roof (installed October 2019), and new furnaces (December 2017). Two rooftop air conditioning units ensure year-round climate control. The ample parking is a significant advantage, with over thirteen spaces available on the recently redone parking lot (2006). Interior features include two restrooms, a utility room, and numerous windows providing excellent natural light. Convenient loading dock areas are accessible both from the interior and exterior of the building. The building also offers accessibility features such as two handicap-accessible concrete ramps, located at both the front and rear entrances. With an 11-foot clear ceiling height and a newly painted interior and exterior, this property presents a move-in ready opportunity for a discerning business owner. The 0.22-acre lot provides ample space for operations and parking. This rarely available property presents a unique opportunity to establish a thriving business in a desirable downtown location.

    Property Features for 509 3Rd St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    3,225 SF
    Lot Size
    9,583 SF

    Building Details

    Year Built
    1962
    Property Profile Location Intelligence

    Current Use by Public Records

    Mudslingers Drywall & Remodeling Dry Wall Contractor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.14494
    Latitude
    44.6375

    Nearby Comparable

    • Contact for pricing

      Land Ready for Development

      Commercial land with road infrastructure, ready for retail development.
      County Rd 50 & Dushane Pkwy, Farmington, MN
      View Details
    • Contact for pricing

      Land Ready for Development

      Commercial land with road infrastructure and subdivision potential.
      County Rd 50 & Pendersen Way, Farmington, MN
      View Details
    • Contact for pricing

      Farmington Land Near I-35

      59.42 acres near I-35 for industrial or commercial development.
      210 Th St W, Farmington, MN
      View Details
    • Contact for pricing

      Farmington Land Parcel For Sale

      110.2 acres of land with development potential.
      212th W & Pilot Knob Rd, Farmington, MN
      View Details
    • Contact for pricing

      Divisible Acreage with Development Potential

      65.69 acres suitable for commercial, industrial, or residential development.
      50 & Pilot Knob Rd, Farmington, MN
      View Details
    • $1,400,000
      31,761 SF

      Farmington Industrial Flex Space For Sale

      31,761 SF industrial flex space in Farmington, Minnesota.
      701 1St St, Farmington, MN 55024
      View Details
    • $99,000
      0.62 Acres

      Commercial Lot in Farmington, MN

      Commercial land for sale with great visibility in Farmington.
      21020 Chippendale Ct, Farmington, MN 55024
      View Details
    • $11,250,000
      105,040 SF

      Industrial Property with Outdoor Storage

      Large industrial complex with significant outdoor storage available Q3 2027.
      4300 220Th St W, Farmington, MN 55024
      View Details
    • Contact for pricing

      2.09 Acre Commercial Land Parcel

      2.09 acre commercial land parcel adjacent to multi-family development.
      4650 Knutsen Dr, Farmington, MN 55024
      View Details
    • $259,990
      1,774 SF

      Well-Maintained Townhome in Farmington

      Comfortable end-unit townhome with 3 bedrooms, 2 bathrooms, and 2-car garage.
      48 Arbor Ln, Farmington, MN 55024
      View Details

    Nearby Similar for Sale

    • $259,990
      1,774 SF

      Well-Maintained Townhome in Farmington

      Comfortable end-unit townhome with 3 bedrooms, 2 bathrooms, and 2-car garage.
      48 Arbor Ln, Farmington, MN 55024
      View Details
    • $11,250,000
      105,040 SF

      Industrial Property with Outdoor Storage

      Large industrial complex with significant outdoor storage available Q3 2027.
      4300 220Th St W, Farmington, MN 55024
      View Details
    • $274,999
      1,540 SF

      Updated Townhome with Modern Style

      Move-in ready townhome featuring fresh updates and modern style.
      17054 Eagleview Way, Farmington, MN 55024
      View Details
    • $1,400,000
      31,761 SF

      Farmington Industrial Flex Space For Sale

      31,761 SF industrial flex space in Farmington, Minnesota.
      701 1St St, Farmington, MN 55024
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Spacious Office, Ample Parking, Updated
    Where is this office property / space located?
    The property is located at 509 3Rd St Farmington, MN.
    What is the asking price?
    The asking price for this property is $550,000.
    (952) 226-7700
    Request Owner's contact information
    509 3Rd St Farmington, MN 55024
    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.
    509 3Rd St
    Farmington, MN 55024
    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
    509 3Rd St Farmington, MN 55024
    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.