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Restaurant with Coffee Lounge

1500 S State Street, Fairmont, MN 56031

For Sale
$899,900

The menu spans frozen desserts, coffee drinks, breakfast, and a broad selection of lunch items.

Property SizeContact for details
Lot Size1.44 Acres
Days on Market226

Property Features for 1500 S State Street

General Information

Standard status Active
Total Parking Spaces 14
Lot size 1.44 Acres
Property subtype Commercial
Zoning Business/Commercial

Additional Details

Business Included Yes
Currently Operating Yes

Taxes and HOA fees

Annual Taxes $15,052

Building Details

Year Built 2016
Buildings 1
Stories 1
Units 1
Listing Agency: CENTURY 21 Northland Realty
Listed By: Tina Jette
Source: Hewittjacksonrealestate
Added: Mar 29 Changed: Nov 7 Last Checked: Nov 8 at 8:40PM

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 CENTURY 21 Northland Realty

Rey
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Investment Insights

Based on property information with market context.

Constructed in 2016, this restaurant property combines a frozen-dessert and coffee operation with breakfast and lunch service. The menu includes pastries, sandwiches, salads, paninis, and wraps. Design elements incorporate materials from a former lumberyard shed that stood on the parcel, with interior walls available for visitor artwork. The property encompasses 1.44 acres and is zoned Business/Commercial.

Fourteen parking spaces serve the site, with additional overflow parking on the grass area to the south. The parcel is in Fairmont, Minnesota, at 1500 S State Street. The restaurant is expected to continue operating until a sale.

Key Highlights

  • 1.44‑acre restaurant property in Fairmont, Minnesota
  • Built in 2016
  • 14 parking spaces plus overflow parking on the grass area to the south

Property Analytics

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

Current Use

Graffiti Corner Cafe & Coffee Shop

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Law Firm

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

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

250
Businesses Nearby
Well-served
Demand for This Use

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 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?
Conventional restaurant - The menu spans frozen desserts, coffee drinks, breakfast, and a broad selection of lunch items.
Where is this conventional restaurant located?
The property is located at 1500 S State Street Fairmont, MN.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 1.44‑acre restaurant property in Fairmont, Minnesota; Built in 2016; 14 parking spaces plus overflow parking on the grass area to the south
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