411 State St Fairmont, MN 56031
- Specialty properties
- 4,600 SF
- 0.21 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 411 State St
- Year built
- 1960
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.21 lot acres
- Property size
- 4,600 SF
- Property type
- Specialty properties
- APN
- 23.116.0030
- APU
- 231160030
Description
This exceptional commercial property at 411 S State Street, Fairmont, MN, presents a unique investment opportunity. The 4,600 square foot building boasts a highly visible location along a major highway, ensuring significant traffic exposure. Its versatile design includes two entrances, ample parking, three restrooms, a kitchen, and numerous office and gathering spaces. The building is equipped with forced air/gas heating and central air conditioning, offering comfortable year-round functionality. The sale includes two parcels of land, totaling 0.21 acres, providing extensive parking capabilities. An additional 11,900 square foot gravel lot is included, further enhancing parking availability. This property is situated in the B-2 Central Business District, allowing for a wide range of commercial uses, including retail, professional offices, food services, banking, healthcare, education, and more. The zoning also permits multi-family residential and limited light manufacturing. Its proximity to other professional services and banking institutions solidifies its position as a prime commercial location in Fairmont, MN. The asking price for this exceptional property is $365,000. This presents a rare chance to acquire a well-maintained, versatile commercial building with significant land in a thriving business district.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fairmont
- County
- Martin
- State
- Minnesota
- Longitude
- -94.4468
- Latitude
- 43.6495
- CBSA code
- 21860
- CBSA name
- FAIRMONT, MN MICROPOLITAN STATISTICAL AREA
