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Mixed-Use Building with Upper Apartment
New
For Sale
$39,900

127 1st Street SE, Fairfax, MN 55332

Business/commercial zoning accompanies ground-floor retail space and an upper-level apartment requiring rehabilitation.

Property SizeContact for details
Days on Market4

Property Features for 127 1st Street SE

General Information

Standard status Active
Property subtype Commercial
Zoning Business/Commercial

Additional Details

Mixed-Use Components retail, residential

Taxes and HOA fees

Annual Taxes $792

Building Details

Year Built 1891
Units 2
Listing Agency: True Real Estate
Listed By: Lindsay Danielle Thomes
Source: Getyoumoved
Added: Oct 22 Changed: Oct 25 Last Checked: Oct 23 at 4:55PM

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 True Real Estate

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Investment Insights

Based on property information with market context.

At 127 1st Street SE in downtown Fairfax, this 1891 mixed-use building has a ground-floor retail layout with a seating and display area, kitchen, baking room, bathroom, and storage rooms. The lower level provides additional storage space.

The upper floor was previously used as an apartment and needs work before it can be occupied as living space. The property is zoned Business/Commercial.

Key Highlights

  • 1891 building in downtown Fairfax
  • Ground floor includes seating and display space, kitchen, baking room, bathroom, and storage rooms
  • Lower level provides additional storage

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Sweet Spot Bake ... Bakery

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Bakery Barber Shop Veterinary Clinic Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

144
Businesses Nearby

Demographics for 55332, MN

1,838
Population
773
Households
2.4
Avg Household Size
45
Median Age
12%
College-Educated
86%
High-School Grad
114.3 sq mi
ZIP Area
16
Density / Sq Mi
$58,177
Median Household Income
$34,943
Median Earnings
$447
Median Rent
$135,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Business/commercial zoning accompanies ground-floor retail space and an upper-level apartment requiring rehabilitation.
Where is this mixed-use property located?
The property is located at 127 1st Street SE Fairfax, MN.
What is the asking price?
The asking price for this property is $39,900.
What are key features of this property?
This property features: 1891 building in downtown Fairfax; Ground floor includes seating and display space, kitchen, baking room, bathroom, and storage rooms; Lower level provides additional storage
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