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    700 Armstrong Dr Fairmont, MN 56031

    Sponsored
    For Sale
    $220,000

    New Shop Condos, Flexible Sizes

    Property size:
    1,960 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Invest in brand-new industrial condos in Fairmont, Minnesota. This 76-unit development offers flexible space options, ranging from 1,960 to 9,600 square feet, perfect for distribution, warehousing, or storage needs. Each unit boasts a 14' x 14' overhead door with opener, a service door, a window, and a bathroom rough-in. Practical features include an in-floor drain with a flammable waste trap, white wall interior steel finish, a ventilation system, and separately metered utilities (water, natural gas, electricity, and sewer). Heating is provided by a Reznor 100,000 BTU hanging furnace, and a basic electrical layout with LED lighting is included. The units are situated on a large 250,034 square foot lot at 700 Armstrong Dr, Fairmont, MN 56031, providing convenient access to Interstate 90. Prices start at $220,000. Build-to-suit options are available. The property was completed in 2024. Maximum contiguous space available is 9,600 square feet (60' deep x 160' wide). Units are available for purchase (condos).

    Property Features for 700 Armstrong Dr

    General Information

    Property type
    Distribution properties
    Square Feet
    1,960 SF

    Building Details

    Year Built
    2024
    Units
    76

    HighLights

    • Built‑to‑suit shop condos available for sale or lease in Fairmont, MN.
    • Flexible square footage options ranging from 1,960 to 9,600 square feet.
    • Prices start at $220,000.
    • Each unit features a 14' x 14' overhead door with opener, service door, window, bathroom rough‑in, in‑floor drain, white wall interior finish, ventilation system, separately metered utilities, and a Reznor 100,000 BTU furnace.
    • Basic electrical layout with LED lighting included.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Building Supply Auto Repair Shop Wholesale Shop Hotel & Motel Pharmacy Gym & Fitness Accounting Firm Storage Facility Electrical Service Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairmont
    County
    Martin
    State
    Minnesota
    Longitude
    -94.5064809
    Latitude
    43.656916

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    FAQs

    What type of property is this?
    Distribution property - New Shop Condos, Flexible Sizes
    Where is this distribution property located?
    The property is located at 700 Armstrong Dr Fairmont, MN.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: Built-to-suit shop condos available for sale or lease in Fairmont, MN.; Flexible square footage options ranging from 1,960 to 9,600 square feet.; Prices start at $220,000.
    Request Owner's contact information
    700 Armstrong Dr Fairmont, MN 56031
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    700 Armstrong Dr Fairmont, MN 56031
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