415 State St Fairmont, MN 56031
- Commercial real estate
- 1,460 SF
- 0.74 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 415 State St
- Year built
- 1946
- Lot size
- 0.74 lot acres
- Property size
- 1,460 SF
- Property type
- Commercial real estate
- APN
- 23.251.0010
- APU
- 232510010
Description
This exceptional 0.99-acre commercial lot in Fairmont, Minnesota, presents a unique redevelopment opportunity. Located at 415 State Street S., this property boasts high visibility and is situated near established national retailers, offering excellent potential for increased foot traffic and brand recognition. Previously occupied by a building that has been removed, the site is completely cleared and ready for immediate development. The lot is zoned for commercial use, allowing for a wide range of possibilities, including retail establishments and other commercial ventures. An adjacent back lot provides an additional 0.25 acres for expansion or further development, adding significant value to the property. All necessary preparatory work, including tank removal, has been completed, ensuring a smooth and efficient transition for the new owner. This property is ideally suited for investors seeking a prime location with significant upside potential. The asking price is $325,000. The property was built in 1964 and sits on a single story, one building lot. The property is vacant and ready for your vision. Tax Increment Financing (TIF) may be available for redevelopment projects.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fairmont
- County
- Martin
- State
- Minnesota
- Longitude
- -94.4468
- Latitude
- 43.6493
- CBSA code
- 21860
- CBSA name
- FAIRMONT, MN MICROPOLITAN STATISTICAL AREA
