805 10Th St Fairmont, MN 56031
- Industrial properties
- 8,974 SF
- 1.01 lot acres
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
-
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