411 State St Fairmont, MN 56031-4169
Property profile & analytics
411 State St Fairmont, MN 56031-4169
- Specialty properties
- 4,600 SF
- 0.21 lot acres
Property ID
US46-2615185
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
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 Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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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
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$35
$67,900
$47,600
$115,500
-
$67,900
$47,600
$115,500
