Property profile

1105 State St Fairmont, MN 56031

OFF-MARKET
Commercial land
Property ID
US46-2002706
2.01 ac lot
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 1105 N State Street in Fairmont, Minnesota, presents a remarkable investment opportunity. Boasting a substantial 26,600 square feet of space, this property sits on a generous 2.47-acre lot, offering ample room for expansion, development, or diverse uses. The building's current configuration is adaptable and presents significant potential for a variety of commercial ventures. Its strategic location in Fairmont provides excellent visibility and accessibility, making it an ideal site for businesses seeking a strong presence in the community. The asking price of $4,000 represents an exceptional value for a property of this size and potential. This is a rare chance to acquire a large-scale commercial property in a desirable location at an incredibly competitive price. The expansive footprint and ample land provide significant flexibility for future development and customization to meet specific business needs. Serious inquiries are encouraged to explore the possibilities this property offers. Don't miss this opportunity to secure a valuable asset with significant upside potential. The property is ready for immediate occupancy and offers a blank canvas for your business vision.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 2.01 ac (87,599 SF)
APN 23.115.0100
UPID US46-2002706

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1105 State St Fairmont, MN 56031-3740
Fairmont metro Census 790600 FAIRMONT, MN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$825k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$785k

Owner & transaction history

since 2026
Last sale
$750,000
4 recorded transactions
2026
Price N/A
2026
$175,000
2021
$750,000
2020
$150,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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