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Industrial Shop and Warehouse Condos
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700 Armstrong Dr, Fairmont, MN 56031

New construction industrial shop/warehouse space offers divisible sizes up to 9,600 square feet with separately metered utilities.

Property Size1,960 SF
Days on Market570

Property Features for 700 Armstrong Dr

General Information

Standard status Active
Size 1,960 SF
Property subtype INDUSTRIAL

Site & Location

Highway Access Yes
Utilities to Site Yes

Additional Details

Flexible Term Yes
Listing Agency: NAI North Star
Listed By: David Schooff · License ##40137517
Source: Moodyscre
Added: Feb 21, 2025 Changed: Aug 16 Last Checked: Sep 13 at 10:26AM

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 NAI North Star

Investment Insights

Based on property information with market context.

This new construction industrial shop, warehouse, or storage concept is designed for flexible configurations and offers a maximum contiguous footprint measuring 60 feet deep by 160 feet wide, totaling 9,600 square feet. The space can be divided and sold in smaller increments, with available options ranging from 1,960 square feet up to the full size. All units are offered for purchase as condos or for rent, and build-to-suit is available by inquiry.

The property is located within the city limits of Fairmont, Minnesota, with easy access to Interstate 90.

Each unit includes separately metered utilities for water, natural gas, electricity, and sewer, supporting independent operations across divided spaces.

Key Highlights

  • New construction commercial shop/warehouse/storage space within Fairmont city limits with easy access to I‑90
  • Maximum contiguous space: 60' deep x 160' wide for 9,600 SF
  • Divisible for purchases or rentals, with unit sizes from 1,960 to 9,600 SF

Property Analytics

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Current Use

Industrial land

Suggested Use

Top Pick Plumbing Service Electrical Service Auto Repair Shop Storage Facility Pharmacy Building Supply

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

Lease Details

Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

18
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Industrial land - New construction industrial shop/warehouse space offers divisible sizes up to 9,600 square feet with separately metered utilities.
Where is this industrial land located?
The property is located at 700 Armstrong Dr Fairmont, MN.
What are key features of this property?
This property features: New construction commercial shop/warehouse/storage space within Fairmont city limits with easy access to I‑90; Maximum contiguous space: 60' deep x 160' wide for 9,600 SF; Divisible for purchases or rentals, with unit sizes from 1,960 to 9,600 SF
(507) 380-7340 Call to check price and availability
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