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    115 Elm St Farmington, MN 55024

    Sponsored
    For Lease
    Contact for pricing

    Downtown Farmington retail spaces available

    Lot size:
    14,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail property, located in the heart of downtown Farmington, MN, offers four suites totaling 14,500 square feet. The property boasts a prime location directly off Highway 50/Elm Street, ensuring high visibility and accessibility for both pedestrian and vehicular traffic. Individual suites range from a minimum of 1,239 square feet to a maximum contiguous space of 3,762 square feet, providing flexibility for various business needs. Currently, 7,491 square feet are available for lease. The property benefits from its position within a thriving commercial area, surrounded by established businesses such as Great Oaks Academy, Kwik Trip, El Charro Mexican Restaurant, and Celts Pub, ensuring a strong customer base. This location combines the historic charm of downtown Farmington with modern conveniences, creating an ideal environment for a diverse range of retail businesses. The property is situated in Dakota County and presents a unique opportunity to establish or expand a business within a dynamic and growing community. The blend of historical ambiance and modern amenities makes this an attractive location for businesses seeking a vibrant and accessible setting. This is more than just a commercial space; it's a chance to become part of Farmington's thriving business landscape.

    Property Features for 115 Elm St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,500 SF

    Unit(s) available at that property

    Space
    Suite I
    Size
    1,250 SF
    Space
    Suite D
    Size
    1,240 SF
    Space
    Suite E
    Size
    1,239 SF
    Space
    Suite J
    Size
    3,762 SF

    HighLights

    • Prime downtown Farmington location with excellent Highway 50/Elm St. accessibility.
    • Thriving area with strong customer base; neighbors include Great Oaks Academy, Kwik Trip, and local restaurants.
    • Historic charm combined with modern conveniences, suitable for diverse retail businesses.
    • 14,500 total square feet, with 7,491 square feet currently vacant.
    • Four suites available, ranging from 1,239 to 3,762 contiguous square feet.
    • Located in Dakota County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Reliable Car Transport Trucking Company Weng's Kitchen Chinese Restaurant @BAT - Permanently Closed Batting Cage Center Southern Hills Real ... Real Estate Agency JK's Cards And Collectibles Collectibles Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    Dakota
    State
    Minnesota
    Longitude
    -93.1467146
    Latitude
    44.6407782

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    FAQs

    What type of property is this?
    Retail property - Downtown Farmington retail spaces available
    Where is this retail property located?
    The property is located at 115 Elm St Farmington, MN.
    What are key features of this property?
    This property features: Prime downtown Farmington location with excellent Highway 50/Elm St. accessibility.; Thriving area with strong customer base; neighbors include Great Oaks Academy, Kwik Trip, and local restaurants.; Historic charm combined with modern conveniences, suitable for diverse retail businesses.
    Request Owner's contact information
    115 Elm St Farmington, MN 55024
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    Farmington, MN 55024
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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
    115 Elm St Farmington, MN 55024
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