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    2237 N State St Fairmont, MN 56031

    For Sale
    Contact for pricing

    1.3-acre commercial property with highway frontage in Fairmont, MN.

    Property size:
    2 SF
    Lot size:
    1.30 Acres

    Property Features for 2237 N State St

    General Information

    Zoning
    3A
    Size
    2 SF
    Lot size
    1.30 Acres

    Building Details

    Year built
    1988

    Source: Dain Fisher Agent Dain Fisher

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    High-Visibility Commercial Property on Highway

    This 1.3-acre commercial property is located on State Highway 15 and Interstate 90 in Fairmont, MN. It features over 215 feet of highway frontage and benefits from strong daily traffic counts. The site is situated along a major corridor near I-90 and is surrounded by national retailers and hospitality brands, including McDonald’s, Hardee’s, Walmart, Super 8, Best Western, Hampton Inn, and Perkins. The property is suited for various uses, such as a fuel station, convenience store, automotive business, light industrial operation, or full commercial redevelopment. It features a level lot, an existing building structure, and space for parking or expansion. Its location along N State Street makes it suitable for retail, service, or mixed-use development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairmont
    County
    Martin
    State
    Minnesota
    Longitude
    -94.449416
    Latitude
    43.677443

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    FAQs

    What type of property is this?
    Retail space - 1.3-acre commercial property with highway frontage in Fairmont, MN.
    Where is this retail space located?
    The property is located at 2237 N State St Fairmont, MN.
    What are key features of this property?
    This property features: - High-visibility 1.3-acre commercial property on State Highway 15 and Interstate 90.; - Over 215 feet of highway frontage with strong daily traffic counts.; - Located near I-90 and surrounded by national retailers and hospitality brands.
    (507) 469-0545
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    2237 N State St Fairmont, MN 56031
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    Fairmont, MN 56031
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    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
    2237 N State St Fairmont, MN 56031
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