Spaces For Lease

at 700 Armstrong Dr

Fairmont Industrial Build to Suit $7 – $15/SF/Yr

Size 9,600 SF

Type INDUSTRIAL

Lease Type NNN

Availability AVAILABLE, Now

Sublease No

Positioned in the proven Fairmont Industrial Park, the shop condos at 700 Armstrong Drive represent a turnkey build-to-suit lease opportunity with strategic adjacency to Interstate 90, entrenched industrial demand drivers, and Fairmont’s regional service ecosystem. • Build-to-Suit • 1,200-9,600 square feet options • Seller Financing for CFD/Lease-to-Own Options

Contact us

Listing Agency: NAI North Star Show Phone

Listed By: David Schooff · License ##40137517 Show Phone

Source: Moodyscre

Added: Feb 21, 2025 Changed: Oct 25 Last Checked: Oct 28 at 11:17AM

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Investment Insights

Based on property information with market context.

Shop condos at 700 Armstrong Drive in Fairmont Industrial Park are offered as a turnkey build-to-suit leasing opportunity. The available space options range from 1,200 to 9,600 square feet, designed to support tenant-specific requirements.

The property is positioned in the proven Fairmont Industrial Park with strategic adjacency to Interstate 90, supported by Fairmont’s regional industrial service ecosystem.

Seller financing is also described as available for CFD and lease-to-own options.

Key Highlights

• Build‑to‑suit industrial shop condos in the Fairmont Industrial Park at 700 Armstrong Drive
• Available space options range from 1,200 to 9,600 SF
• Positioned near Interstate 90 in Fairmont Industrial Park

Property Analytics

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

Open Analytics

Suggested Use

Top Pick Plumbing Service Electrical Service Auto Repair Shop Storage Facility Big Box & Wholesale Store Pharmacy

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

NNN (Triple Net)

Lease Type

$1.05 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

18

Businesses Nearby

Explore this area Business Placement

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 Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Frequently Asked Questions

What type of property is this?

Industrial land - Build-to-suit industrial shop condos with 1,200–9,600 SF options in Fairmont Industrial Park near I-90.

Where is this industrial land located?

The property is located at 700 Armstrong Dr Fairmont, MN.

What is the lease rate?

The lease rate is $7 SF/Yr.

What are key features of this property?

This property features: Build‑to‑suit industrial shop condos in the Fairmont Industrial Park at 700 Armstrong Drive; Available space options range from 1,200 to 9,600 SF; Positioned near Interstate 90 in Fairmont Industrial Park