115 Elm StFarmington, MN 55024

Property Details for 115 Elm St

Year built

1994

Construction

CONCRETE

Lot size

4.68 AC

Property size (Sq ft)

37,738 SF

Property type

Other commercial real estate

APN

14-25831-01-031

APU

142583101031

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $7,110,454

  Hospitality

  $6,513,138

  Educational

  $5,418,854

  Medical

  $5,605,217

  Retail

  $8,429,329

Location Insight

City

Farmington

County

Dakota

State

Minnesota

Latitude

44.6414

Longitude

-93.1473

CBSA code

33460

CBSA name

MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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