Financial
Distress signals
Property profile

1100 State St Fairmont, MN 56031

OFF-MARKET
Other commercial real estate
Property ID
US46-2809595
2,500 SF 0.93 ac lot Built 1972
Last sale Oct 2006 · $140,000
Individually Owned Owner of record is an individual. 19-yr Hold Held for 19 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property consists of two separate buildings configured for customer-facing sales and on-site service. The primary building is a well-maintained pre-engineered steel structure with steel siding and roofing, featuring a front retail showroom and an office area with a wall of display windows; both the office/showroom and the shop areas are fully heated and air-conditioned. The rear of the main building includes a service shop equipped with an overhead door and an engine crane, supporting…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$4k
Tax billed · 2022
Assessed value · 2023$217k
Assessed land$108k
Assessed improvement$109k
Effective rate2.00%

Value estimate

· Sep 2026
$275k
$248k – $303k
AI approach$275k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$63/SF
ZIP average, outlier-cleaned · 41 recorded sales of this use type
Observed band · Q1–Q3$35 – $108
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionMARTIN

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm14.9
Hair Salon10.7
Spa & Massage10.7

Location

1100 State St Fairmont, MN 56031
County assessor Recorded deeds · 3 transfers 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1235 Hwy 15th S, Fairmont, MN 56031-4461 $375,000 Jan 2026 1,900 SF
420 Downtown, Fairmont, MN 56031-1714 $80,000 Jun 2024 2,715 SF
1254 Lk, Fairmont, MN 56031-1941 $153,500 Apr 2024 2,800 SF
410 Downtown, Fairmont, MN 56031-1714 $357,000 Jan 2024 2,912 SF
1552 Albion, Fairmont, MN 56031-3115 $175,000 Dec 2023 1,992 SF
203 Downtown, Fairmont, MN 56031-1728 $180,000 Nov 2023 3,275 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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