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    415 State St S Fairmont, MN 56031

    For Sale
    Contact for pricing

    0.74-acre commercial lot ready for redevelopment in Fairmont, MN.

    Lot size:
    0.74 Acres

    Property Features for 415 State St S

    General Information

    Zoning
    Commercial
    Lot size
    0.74 Acres

    Building Details

    Year built
    1964

    Source: Dain Fisher Agent Dain Fisher

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

    Overview

    Redevelopment Opportunity in High-Visibility Corridor

    This 0.74-acre commercial lot in Fairmont, MN, offers a redevelopment opportunity in a high-visibility corridor. Formerly a gas station, the site has been cleared of tanks, structures, and equipment, making it development-ready. The property is zoned for commercial use and suitable for various projects, including professional services, hospitality, mixed-use, or a quick service restaurant (QSR). Located near a lighted intersection on South State Street/Hwy 15, the site is also minutes from I-90. The property may be eligible for the City’s Tax Increment Financing (TIF) program, providing additional redevelopment incentives. With excellent visibility, strong traffic counts, and proximity to national retailers, this site is positioned for investment or development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairmont
    County
    Martin
    State
    Minnesota
    Longitude
    -94.446829
    Latitude
    43.649534

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    FAQs

    What type of property is this?
    Commercial land - 0.74-acre commercial lot ready for redevelopment in Fairmont, MN.
    Where is this commercial land located?
    The property is located at 415 State St S Fairmont, MN.
    What are key features of this property?
    This property features: - Prime redevelopment opportunity in a high-visibility commercial corridor.; - Development-ready: Site fully cleared of tanks, structures, and equipment.; - Zoned for commercial use, suitable for diverse projects.
    (507) 469-0545
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    415 State St S 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
    415 State St S Fairmont, MN 56031
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