Property profile

414 Downtown Plz Fairmont, MN 56031

OFF-MARKET
Commercial real estate
Property ID
US46-2684782
1,672 SF 0.08 ac lot Built 1940
Individually Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1940
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,672 SF
Lot 0.08 ac (3,659 SF)
APN 23.281.0050
UPID US46-2684782

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Production Facility Brewery & Distillery
  • Community Center
  • Production Facility Brewery & Distillery

Location

414 Downtown Plz Fairmont, MN 56031-1714
Fairmont metro Census 790600 FAIRMONT, MN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$75k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$65k

Owner & transaction history

since 2023
Last sale
$64,000
4 recorded transactions
2023
$64,000
2023
$75,000
2021
Price N/A
2021
$20,000

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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