Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    701 1St St Farmington, MN 55024

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,400,000

    31,761 SF industrial flex space in Farmington, Minnesota.

    Property size:
    31,761 SF
    Lot size:
    1.96 Acres

    Property Features for 701 1St St

    General Information

    Size
    31,761 SF
    Lot size
    1.96 Acres

    Source: Obsidian Group Agent Ethan Finger

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

    Overview

    Farmington Industrial Flex Space For Sale

    This 31,761 square foot industrial flex space is located in Farmington, Minnesota. Constructed in 1951, the property sits on a 1.96-acre lot and is zoned I1. The roof was replaced in 2020. The building features clear heights of 9 and 14 feet. Loading is facilitated by six drive-in doors and one loading dock. There are currently 11 tenants. The property is an option for an owner/user. The operating expenses and taxes are $3.75 per square foot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    T&M Metal Works, ... Metal Fabricator RJ Restorations Inc. Auto Restoration Service Dakota Wood Design Cabinet Store The Black Cat Market Jewelry Designer Shopbyatlantic Warehouse

    Suggested Use

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

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

    Similar Places Nearby

    Apples 2 Apples Catering, Distinctive Catering & Events

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.1483117
    Latitude
    44.6352795

    Nearby Similar for Sale

    • $349,900
      2,380 SF

      Impeccably Maintained One-Level Living

      Move-in ready, 3-bedroom home with finished basement and serene views.
      19848 Goldfinch Dr, Farmington, MN 55024
      View Details
    • $259,990
      1,774 SF

      Well-Maintained Townhome in Farmington

      Comfortable end-unit townhome with 3 bedrooms, 2 bathrooms, and 2-car garage.
      48 Arbor Ln, Farmington, MN 55024
      View Details
    • $11,250,000
      105,040 SF

      Industrial Property with Outdoor Storage

      Large industrial complex with significant outdoor storage available Q3 2027.
      4300 220Th St W, Farmington, MN 55024
      View Details
    • $274,999
      1,540 SF

      Updated Townhome with Modern Style

      Move-in ready townhome featuring fresh updates and modern style.
      17054 Eagleview Way, Farmington, MN 55024
      View Details
    • $550,000
      3,225 SF

      Downtown Farmington Office Building

      Spacious Office, Ample Parking, Updated
      509 3Rd St, Farmington, MN 55024
      View Details

    FAQs

    What type of property is this?
    Flex space - 31,761 SF industrial flex space in Farmington, Minnesota.
    Where is this flex space located?
    The property is located at 701 1St St Farmington, MN.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: - High NOI: $107,653; - Owner/User Option: Yes; - Significant Square Footage: 31,761sf
    (507) 581-3479
    Request Owner's contact information
    701 1St St Farmington, MN 55024
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    701 1St St
    Farmington, MN 55024
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    701 1St St Farmington, MN 55024
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.