411 S State Street Fairmont, MN $ 365,000
411 S State Street
$ 365,000
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411 S State Street

Fairmont, MN, 56031
$ 365,000
Baths0.0 Sq 4,600

Monthly Estimate*

$ 2,550

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Studio

Commercial Property for sale in Fairmont, MN

for $365,000. This 4,600 square foot building was built in 1960 on a lot size of 0.21.

Highly visible multi-purpose commercial building and 2 parcels of land for sale along the most traveled highway through the heart of Fairmont. This 4600 SF building features forced air/gas, central air, 2 entrances, large parking lot, 3 restrooms, kitchen and several office and group gathering areas. There is an additional parcel included in the purchase price for plenty of parking in this 11,900 extra gravel lot. This parcel is zoned in the B-2 Central Business District area which is designed to provide for a broad range of retail or professional office use including a food market, banking, insurance, government/health/youth/education services, hair salon, day care, coffee shop/cafe/tavern and many more potential businesses. The district will also accommodate multi-family residential uses as well as limited light manufacturing. This property is located next to a variety of professional service businesses and banking institutions in one of the most prime commercial locations.

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Commercial Active

Price

$ 365,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Office

Lot Size

0.21

Year Built

1960

Town/City

Fairmont

County/Region

Martin

MLS | Web ID

6505024

Features
General
Sewer City Sewer/Connected
Heating Forced Air
Utilities Electric Common Heating Common Hot Water Common
Garage Spaces 0
Construction Materials Brick/Stone Metal Siding
Year Built 1960
Property SubType Office Other
Tax Year 2023
Current Use Other
Accessibility Fully Wheelchair Hallways 42 +
Additional Parcels Description 231160040
County Martin
Property Type Commercial Sale
Contingency None
Subdivision Name Fitchs
Possible Use Office Professional Service Retail Diversified Investment
Directions Continue straight onto Hwy 15 S/N State St Destination will be on the left
City Fairmont
Buyer Agent Compensation 2.50
High School District Fairmont Area Schools
Zoning Description Business/Commercial
Total Units 1
Street Name State
Land Lease Y/N N
Tax Annual Amount 0
Additional Parcels Y/N Y
Days on Market 53
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
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Exterior
Parking Features Parking Lot
Water Source City Water/Connected
Inclusions Building Land
Lot Size Area 0.21
Building Area Total 4600
Lot Dimensions 183 x 50
Lot Size Units Acres
Foundation Area 4600
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Interior
Basement (Y/N) N
Street Suffix Street
Foundation Dimensions 92 x 50
Fuel Natural Gas
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Internal Only
Street Number 1 411
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* Excluded Features
List By
True Real Estate

Broker

alexp@truerealestatemn.com

Email

Affordability Calculator

$2,550
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Monthly Principal & Interest
$2,550
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3048826 Elementary School
3048512 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/18/2024$365,000 Listed Price

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411 S State Street, Fairmont, MN, 56031 is a Commercial Property for sale at $365,000 with 4,600 sqft and a lot size of 0.21. 411 S State Street is a studio with 0.0 baths and was built in 1960. The property's zip code is 56031 which is in Fairmont, MN