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    700 Armstrong Dr Fairmont, MN 56031

    • Distribution centers
    • 1,960 SF
    For Sale
    View listing
    $220,000
    Value Estimation
    Location Intelligence
    Property ID
    US46-2318109
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Distribution centers

    Property Details for 700 Armstrong Dr

    Year built
    2024
    Property size
    1,960 SF
    Property type
    Distribution centers
    Property subtype
    Fulfillment centers

    Description

    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).

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

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

    Comparable in this City

    • $1,350,000
      13,968 SF

      Five Industrial Warehouses For Sale

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    • $220,000
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      Fairmont Shop Condos: Prime Location

      Flexible Commercial/Personal Space
      700 Armstrong Dr, Fairmont, MN 56031
      View Details
    • $240,000

      Commercial Land on Highway 90

      1.47 acres of commercial land with highway access.
      1250 Goemann Rd, Fairmont, MN 56031
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    • Contact for pricing

      Prime Land I-90 Frontage

      2.36-acre commercial land with high visibility on I-90.
      & I-90 N State St, Fairmont, MN 56031
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    • $400,000
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      Fairmont Multi-Unit Property Investment

      Nine-unit complex, 7,166 sq ft, 1.6 acres
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      Redevelopment Opportunity in High-Visibility Corridor

      0.74-acre commercial lot ready for redevelopment in Fairmont, MN.
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    Similar Nearby for Sale

    • $1,350,000
      13,968 SF

      Five Industrial Warehouses For Sale

      Five recently built industrial warehouses in thriving industrial park.
      1131 Indus St, Fairmont, MN 56031
      View Details
    • $220,000
      1,920 SF

      Fairmont Shop Condos: Prime Location

      Flexible Commercial/Personal Space
      700 Armstrong Dr, Fairmont, MN 56031
      View Details
    • $240,000

      Commercial Land on Highway 90

      1.47 acres of commercial land with highway access.
      1250 Goemann Rd, Fairmont, MN 56031
      View Details
    • Contact for pricing

      Prime Land I-90 Frontage

      2.36-acre commercial land with high visibility on I-90.
      & I-90 N State St, Fairmont, MN 56031
      View Details
    • $400,000
      7,166 SF

      Fairmont Multi-Unit Property Investment

      Nine-unit complex, 7,166 sq ft, 1.6 acres
      111 Dorothy St, Fairmont, MN 56031
      View Details
    • Contact for pricing

      Redevelopment Opportunity in High-Visibility Corridor

      0.74-acre commercial lot ready for redevelopment in Fairmont, MN.
      415 State St S, Fairmont, MN 56031
      View Details
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    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
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