411 State St, Fairmont, MN 56031-4169
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.