Vacant Multifamily with Office
For Sale
$250,000
111 & 107 Dorothy Street, Fairmont, MN 56031
Two multifamily buildings total 7,166 sq. ft. and include nine units plus an on-site office/conference space.
Property Size14,332 SF
Lot Size1.60 Acres
Price / SF$34.89
Days on Market229
Property Features for 111 & 107 Dorothy Street
General Information
Standard status
Active
Size
14,332 SF
Lot size
1.60 Acres
Property subtype
Commercial
Zoning
Residential-Multi-Family
Additional Details
Multifamily Units
9
Taxes and HOA fees
Annual Taxes
$8,342
Amenities
commercial kitchen
conference room
office areas
oversized 2-car maintenance garage
large parking lot
extra green space
handicap accessible
Building Details
Building Size
14,332 SF
Year Built
1977
Stories
2
Units
9
Tenancy
Multi
Listing Agency:
Edina Realty, Inc.
(651) 503-0922
Listed By:
William B. Glendenning · License #506560119
(651) 503-0922
Source:
Ivyrealestategroup
Added: Jan 6
Changed: Aug 23
Last Checked: Aug 17 at 9:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Edina Realty, Inc.
Investment Insights
Based on property information with market context.
This 100% vacant multifamily property consists of two buildings totaling 7,166 sq. ft., currently configured as nine units with layouts ranging from 2 to 4 bedrooms per unit (26 bedrooms total). The property also includes a commercial kitchen, conference room, and office areas, along with an oversized 2-car maintenance garage and a large parking lot. The hallways and doors, along with showers and related areas, are described as handicap accessible and spacious.
Set on 1.6 acres with extra green space, the site offers room for future additions. The property was formerly an adult living with disabilities facility, and while services in the area were referenced, the model has changed toward a home-setting rather than a facility-setting.
The seller notes some water damage that has been repaired at the source; however, the cosmetic damage remains. The cosmetic condition is described as primarily affecting appearances. The configuration noted also includes space that could allow for adding kitchens in the units, subject to plumbing and electrical work.
Set on 1.6 acres with extra green space, the site offers room for future additions. The property was formerly an adult living with disabilities facility, and while services in the area were referenced, the model has changed toward a home-setting rather than a facility-setting.
The seller notes some water damage that has been repaired at the source; however, the cosmetic damage remains. The cosmetic condition is described as primarily affecting appearances. The configuration noted also includes space that could allow for adding kitchens in the units, subject to plumbing and electrical work.
Key Highlights
- Two multifamily buildings totaling 7,166 sq. ft. on 1.6 acres
- Nine units with 2- to 4‑bedroom layouts and a total of 26 bedrooms
- On‑site office/conference room and additional space from Building 2 (currently used as office/conference)
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Explore this area
Business Placement
Demographics for 56031, MN
12,117
Population
5,771
Households
2.1
Avg Household Size
44
Median Age
26%
College-Educated
95%
High-School Grad
156.3 sq mi
ZIP Area
78
Density / Sq Mi
$61,373
Median Household Income
$43,168
Median Earnings
$719
Median Rent
$175,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two multifamily buildings total 7,166 sq. ft. and include nine units plus an on-site office/conference space.
Where is this apartment building located?
The property is located at 111 & 107 Dorothy Street Fairmont, MN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two multifamily buildings totaling 7,166 sq. ft. on 1.6 acres; Nine units with 2- to 4‑bedroom layouts and a total of 26 bedrooms; On‑site office/conference room and additional space from Building 2 (currently used as office/conference)
