Mixed-Use Building with
For Sale
$39,900
127 1st Street SE, Fairfax, MN 55332
Commercial Sale, Fairfax, MN
Property SizeContact for details
Lot Size0.08 Acres
Days on Market248
Property Features for 127 1st Street SE
General Information
Property type
Commercial Sale
Property subtype
Apartment
Zoning description
Business/Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Basement, Bathroom 1
Parking features
Driveway
Window features
Blinds
Appliances
Water Heater - Electric
Subdivision
Original
High school district
G.F.W.
Directions
Head W into town on Hwy 19, turn L onto 1st st SE, building is on the R.
Standard status
Active
APN
310068500
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
792
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1891
Building materials
Timber/Post & Beam, Stone
Roof type
Metal
Listing Agency:
True Real Estate
(507) 345-8783
Listed By:
Lindsay Danielle Thomes
(507) 317-6259
Added: Feb 3
Changed: Oct 8
Last Checked: Oct 9 at 9:06PM
MLS# 7016317
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1891 on a 0.079-acre parcel, this mixed-use property has commercial space on the ground floor and an apartment level above. The lower floor includes a seating and display area, kitchen, baking room, bathroom, and storage rooms. The upper apartment needs work before it can be occupied. A basement provides additional storage. The building has timber and stone construction, a metal roof, forced-air heat, and central air conditioning.
The property is at 127 1st Street SE in Fairfax, Minnesota. A driveway is included.
The property is at 127 1st Street SE in Fairfax, Minnesota. A driveway is included.
Key Highlights
- Ground floor includes seating and display space, kitchen, baking room, bathroom, and storage rooms
- Upper‑level apartment requires work before it is livable
- Basement provides additional storage
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
144
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - The ground floor has customer-facing space, a kitchen, baking room, bathroom, and storage.
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: Ground floor includes seating and display space, kitchen, baking room, bathroom, and storage rooms; Upper‑level apartment requires work before it is livable; Basement provides additional storage
