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415 State St Fairmont, MN 56031

Sponsored
For Sale
$325,000

Prime 0.99-acre commercial lot, ready for development.

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional 0.99-acre commercial lot in Fairmont, Minnesota, presents a unique redevelopment opportunity. Located at 415 State Street S., this property boasts high visibility and is situated near established national retailers, offering excellent potential for increased foot traffic and brand recognition. Previously occupied by a building that has been removed, the site is completely cleared and ready for immediate development. The lot is zoned for commercial use, allowing for a wide range of possibilities, including retail establishments and other commercial ventures. An adjacent back lot provides an additional 0.25 acres for expansion or further development, adding significant value to the property. All necessary preparatory work, including tank removal, has been completed, ensuring a smooth and efficient transition for the new owner. This property is ideally suited for investors seeking a prime location with significant upside potential. The asking price is $325,000. The property was built in 1964 and sits on a single story, one building lot. The property is vacant and ready for your vision. Tax Increment Financing (TIF) may be available for redevelopment projects.

Property Features for 415 State St

General Information

Property type
Land
Lot Size
43,124 SF

Building Details

Year Built
1964
Buildings
1
Stories
1

HighLights

  • Redevelopment opportunity with potential Tax Increment Financing (TIF).
  • Adjacent 0.25‑acre lot for expansion.
  • High‑visibility location near national retailers.
  • Cleared 0.99‑acre lot; all underground tanks removed.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Fairmont
County
Martin
State
Minnesota
Longitude
-94.4468719
Latitude
43.6493363

FAQs

What type of property is this?
Land - Prime 0.99-acre commercial lot, ready for development.
Where is this land located?
The property is located at 415 State St Fairmont, MN.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Redevelopment opportunity with potential Tax Increment Financing (TIF).; Adjacent 0.25-acre lot for expansion.; High-visibility location near national retailers.
More about this property
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