700 Armstrong Dr Fairmont, MN 56031
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
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.