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Property profile & analytics

115 Elm St Farmington, MN 55024

  • Commercial real estate
  • 37,738 SF
  • 4.68 lot acres
Value Estimation
Location Intelligence
Property ID
US46-1116510
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

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

Property Details for 115 Elm St

Year built
1994
Construction
CONCRETE
Lot size
4.68 lot acres
Property size
37,738 SF
Property type
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.

Value Estimation

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

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Farmington
County
Dakota
State
Minnesota
Longitude
-93.1473
Latitude
44.6414
CBSA code
33460
CBSA name
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$69,694
$951,900
$1,375,400
$2,327,300
-
$951,900
$1,375,400
$2,327,300
More about this property
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