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Mixed-Use Property with Apartments
For Sale
Contact for pricing
Pending

320 Downtown Plaza, Fairmont, MN 56031

Main-level commercial space is paired with upstairs apartments and a separate access point.

Property SizeContact for details
Days on Market144

Property Features for 320 Downtown Plaza

General Information

Standard status Pending
Property subtype Retail, Office

Amenities

off street parking
full basement

Building Details

Buildings 1
Listing Agency: Re/Max Total Realty
Listed By: Vonnie Cone · License #MN
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 3:32PM

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 Re/Max Total Realty

Investment Insights

Based on property information with market context.

Located at 320 Downtown Plaza in Fairmont, Minnesota, this mixed-use building combines commercial space with residential units. The main floor offers over 4,500 square feet for retail or office use, while four apartments occupy the upper level and are served by a separate entrance. A full basement adds additional building area.

Property improvements include a new boiler and updated electrical service. Tenants also have access to off-street parking. The combination of commercial space, apartments, separate residential access, and supporting building improvements creates a varied property configuration for the next owner.

Key Highlights

  • Over 4,500 square feet on the main floor
  • Four apartments above the commercial space
  • Separate entrance for the apartments

Property Analytics

Current Use

Martin County Area ... Auto Repair Shop

Suggested Use

Top Pick Daycare Center Computer & Electronic Repair HVAC Service Locksmith Skin Care Clinic Kitchen & Bath Showroom

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

476
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

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Main-level commercial space is paired with upstairs apartments and a separate access point.
Where is this mixed-use property located?
The property is located at 320 Downtown Plaza Fairmont, MN.
What are key features of this property?
This property features: Over 4,500 square feet on the main floor; Four apartments above the commercial space; Separate entrance for the apartments
More about this property
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