123 Downtown Plaza Fairmont, MN 56031

$329,900
123 Downtown Plaza, Fairmont, MN 56031

Commercial Property for sale in Fairmont, MN

for $329,900. This 11,592 square foot building was built in 1940 on a lot size of 0.12 Acre(s).

Property Information

  • $329,900
  • Commercial
  • 11,592 Square Feet
  • Taxes are $4,106
  • Mixed Use
  • Active
  • Lot size of 0.12 Acre(s)
  • Built in 1940
  • Fairmont, MN
  • Martin County
  • MLS/Web ID is 6030194

Description

Downtown Fairmont commercial space main floor with 7 apartment units up. Current use is 2916 sq ft law office and 1008 sq ft former hair saloon. Basement level was a 1932 sq ft dance studio.Front and north side of building recently repaired and/or tuck pointed with additional anchors added to brick work. Roof replaced/repaired 2014 with new vents, aluminum coating over the membrane roof. Security door added for entrance to apartments. Upgraded hot water system with 2 100 gallon system tieds together. Great opportunity for investor or someone that wants to use the main floor for their own needs.

Interior 3

Appliances

  • Smoke Detector

Cooling System

  • Central Air

Heating System

  • Baseboard
  • Boiler

Exterior 4

Construction

  • Stick Built

Road Frontage

  • City Street

Roof

  • Rubber

Siding

  • Aluminum
  • Brick
  • Wood Exterior

Miscellaneous 1

Other

  • Fuel

Rental 2

Landlord Pays

  • Electric
  • Other
  • Trash/Garbage Pickup
  • Water & Sewer

Tenant Pays

  • Electric

† Excluded Feature

Neighborhood & Schools

School District: Fairmont Area #2752

 See complete school information

Listed By

Listing Agent: CHUCK OMVIG
Broker: CENTURY 21 NORTHLAND REALTY

123 Downtown Plaza , Fairmont, MN, 56031 is a Commercial Property for sale at $329,900 with 11,592 sqft and a lot size of 0.12 Acre(s). 123 Downtown Plaza has 0.0 baths and was built in 1940. The property's zip code is 56031 which is in Fairmont, MN

Get an Immediate Callback from 9:00 AM - 10:30 PM EST
or Call us at 1-800-839-1363

Market Pricing

Average % of sale price Median % of sale price
All listings in Fairmont $213,290 35 % below $159,900 52 % below
Commerical listings in Fairmont $218,300 34 % below $175,000 47 % below

Get the facts about Fairmont, MN!

Population 10,412
Population Growth (since 2000) -4 %
Median Income $44,848
Median Age 45.12
Households w/ Children 25 %

Residential Dwellings

  • Owned 3277
  • Vacant 405
  • Rented 1431

Similar Listings

Get an Immediate Callback from 9:00 AM - 10:30 PM EST
or Call us at 1-800-839-1363