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Property profile & analytics
FOR SALE
Flex space

700 Armstrong Dr Fairmont, MN 56031

Built 2024
Entity Owned 1-yr Hold
Property ID
US46-2318109
Property summary
AI-generated overview

Unlock a high-performing commercial real estate opportunity at 700 Armstrong Drive in Fairmont, MN, offering Build-to-Suit shop condos from 1,960–9,600 SF with pricing starting at only $100/SF. Designed for today’s industrial, contractor, service, and flex-space users, this customizable new-construction product delivers exceptional value in one of Southern Minnesota’s most accessible and business-friendly industrial corridors. Located within the Fairmont Industrial Park near Interstate 90, the site provides efficient regional connectivity for logistics, warehousing, fabrication, distribution, and trade operations. Popular CRE keywords—industrial condo, flex space, contractor bay, warehouse shop, light industrial, Build-to-Suit, and owner-user opportunity—align directly with the property’s capabilities, ensuring premium visibility across syndication platforms. Users can tailor suites with features such as oversized overhead doors, custom office buildouts, enhanced power, heated shop bays, and expanded storage or fleet areas. The project offers modern infrastructure, strong traffic patterns, and proximity to fuel, retail, service vendors, and workforce hubs. With unbeatable pricing, scalable footprints, and a strategic location, this Build-to-Suit shop condo opportunity positions owner-users and investors to capture long-term operational efficiency, asset appreciation, and strong market presence in a growing industrial submarket. Situated in Fairmont’s established Industrial Park, 700 Armstrong Drive delivers strategic positioning for light industrial, service, and flex users seeking efficient regional reach. The property is located on the west side of Fairmont within city limits, approximately 1.5 miles south of the I-90 interchange, providing direct connectivity to regional transportation corridors across Southern Minnesota and Northern Iowa. Surrounded by a complementary mix of trade contractors, logistics operations and service businesses, this location supports seamless vendor relationships, workforce access and same-day distribution capabilities. Nearby retail, fuel and food options enhance daily operations for employees and fleet traffic. As part of the Fairmont Shop Condos development, the site benefits from new infrastructure, industrial zoning and modern design standards, positioning owner-users and investors to capitalize on Fairmont’s pro-business environment and growing industrial base.

Property profile
Verified
Property type Flex space
Year built 2024
UPID US46-2318109
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Berry & Clark LLC · 1 yrs held
Berry & Clark LLC
since 2024
2 recorded transactions
2024
$220,000
2023
$70,130
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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