Property profile

1211 State St Fairmont, MN 56031

OFF-MARKET
Commercial land
Property ID
US46-2188581
4.25 ac lot
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

A 3.33-acre retail/commercial development site located within Fairmont city limits along Fairmont’s retail/business corridor on State Street (County #15), adjacent to Fairmont 5 Theatres, Tractor Supply, and Petvet Community Clinic. The parcel is surrounded by commercial and residential properties and is near the United Hotel District–Fairmont and Interstate Highway 90, with daily traffic counts reported at approximately 14,000 vehicles. The site is zoned 3A and guided for commercial use, with potential uses described as including retail, service, medical, and hotel-related development. The property is situated within an 'Opportunity Zone' and is located in a community serving agriculture, tourism, and manufacturing, with major employers including 3M, Fairmont Foods, Avery Weigh-Tronix, and Mayo Clinic Health System.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 4.25 ac (185,174 SF)
APN 23.039.0365
UPID US46-2188581

Cap rate & NOI

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

Location

1211 State St Fairmont, MN 56031-3742
Fairmont metro Census 790600 FAIRMONT, MN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2025
1 recorded transaction
2025
Price N/A

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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