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
  • Just Listed

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

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Market Pricing

Average % of sale price Median % of sale price
All listings in Fairmont $181,521 45 % below $143,400 57 % below
Commerical listings in Fairmont $165,940 50 % below $150,000 55 % 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

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