Redevelopment Opportunity in High-Visibility
For Sale
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415 State Street S, Fairmont, MN 56031
0.74-acre commercial lot ready for redevelopment in Fairmont, MN.
Days on Market325
Property Features for 415 State Street S
General Information
Standard status
Active
Property subtype
Mixed Use
Building Details
Year Built
1964
Listing Agency:
Crye-Leike Realtors
(507) 469-0545
Listed By:
Dain Fisher · License #296080
(507) 469-0545
Source:
Cbcworldwide
Added: Sep 10, 2025
Changed: May 21
Last Checked: Apr 9 at 9:00PM
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 Crye-Leike Realtors
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
393
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
Questions? Ask Rey
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Frequently Asked Questions
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 Street 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.
