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Property profile & analytics

805 10Th St Fairmont, MN 56031

  • Industrial properties
  • 8,974 SF
  • 1.01 lot acres
Value Estimation
Last Sale
Jan 16, 2024
$95,000
Location Intelligence
Property ID
US46-2780136
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

  • Northstar Country Candle Co / Wholesaler

Property Details for 805 10Th St

Year built
1961
Construction
STEEL FRAME
Lot size
1.01 lot acres
Property size
8,974 SF
Property type
Industrial properties
APN
23.154.0130
APU
231540130

Description

This exceptional business opportunity encompasses a thriving, 20+ year-old candle-making supply business and its accompanying warehouse building located at 805 E 10th Street, Fairmont, MN. The business boasts a loyal customer base spanning local and national markets, distinguished by its proprietary fragrance oils custom-blended for clients, a unique coconut wax formulation, and a comprehensive inventory of high-quality candle-making supplies. These supplies include soy wax, candle dyes, wicks, and various equipment. Prior candle-making experience is beneficial but not mandatory. Significant growth potential exists for expansion and market penetration. The sale includes all remaining inventory, valuable customer and vendor contact lists, a fully established website, proprietary formulas, a forklift with chargers, and comprehensive office equipment and fixtures. The substantial warehouse building features a convenient loading dock, a welcoming customer entryway, a smaller office, a larger room suitable for various uses, a breakroom, and two half-bathrooms. Ample storage space is available throughout, with concrete flooring in all areas. One section of the warehouse is climate-controlled (heated), while the other offers cold storage capabilities. Two additional lean-to structures provide further storage capacity. The property's total square footage is 8,974 square feet, situated on a 0-acre lot. The asking price for this turnkey operation is $469,900. This presents a rare opportunity to acquire a well-established, profitable business with significant upside potential.

Value Estimation

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

    CAP return
    Estimation
    Estimation
    $95,000
  • CAP approach

    CAP return
    Estimation
    6%
    $135,000
    6.5%
    $125,000
    7%
    $130,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $115,000
    Geo Method
    $135,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $135,000
    Retail
    $150,000
    Mixed-Use
    $125,000
    Hospitality
    $150,000
    Educational
    $140,000
    Residential Income
    $155,000
    Energy
    $155,000
    Income-Based Land
    $130,000
    Food Service
    $125,000

Location Insight

  • Map
  • Local Demand
City
Fairmont
County
Martin
State
Minnesota
Longitude
-94.4524
Latitude
43.6623
CBSA code
21860
CBSA name
FAIRMONT, MN MICROPOLITAN 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
2022
$2,024
$65,800
$35,600
$101,400
-
$65,800
$35,600
$101,400
More about this property
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