Two-Building Apartment
For Sale
$250,000
111 & 107 Dorothy Street, Fairmont, MN 56031
Vacant multifamily property with shared kitchen facilities, a maintenance garage, and substantial on-site parking.
Property Size14,332 SF
Lot Size1.60 Acres
Price / SF$17.44
Days on Market214
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
Highway Access
Yes
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$8,342
Amenities
maintenance garage
common kitchen
parking lot
Building Details
Building Size
14,332 SF
Year Built
1977
Buildings
2
Stories
2
Units
9
Listing Agency:
Edina Realty, Inc.
(651) 503-0922
Listed By:
William B. Glendenning
(651) 503-0922
Source:
Juverealestate
Added: Jan 6
Changed: Aug 3
Last Checked: Aug 8 at 12:17PM
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 vacant apartment property includes two buildings totaling 14,332 square feet on 1.6 acres. The layout contains five units, with most lacking individual kitchens, while each building provides a large common kitchen. A maintenance garage and extensive parking area are also part of the property. Constructed in 1977, the buildings were previously used as a group home and offer an existing configuration that could continue in a similar format or be adapted for multifamily housing, subject to applicable approvals.
The property is zoned Residential-Multi-Family and sits near Highway 15, with Hall Lake within walking distance. Its combination of two structures, shared kitchen areas, parking, and supporting garage space creates a substantial apartment-building offering with multiple possible operational configurations.
The property is zoned Residential-Multi-Family and sits near Highway 15, with Hall Lake within walking distance. Its combination of two structures, shared kitchen areas, parking, and supporting garage space creates a substantial apartment-building offering with multiple possible operational configurations.
Key Highlights
- Two buildings totaling 14,332 square feet
- 1.6‑acre property with a large on‑site parking area
- Five units; most do not include individual kitchens
Property Analytics
Current Use
Lease Details
5
Residential units
Yes
Highway access
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 - Vacant multifamily property with shared kitchen facilities, a maintenance garage, and substantial on-site parking.
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 buildings totaling 14,332 square feet; 1.6‑acre property with a large on‑site parking area; Five units; most do not include individual kitchens
