411 S State St
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411 S State St
4,600 SF 100% Leased Flex Building Fairmont, MN 56031 $365,000 ($79/SF)
Investment Highlights
- Highly visible multi-purpose commercial building
- Located in one of the most prime commercial use areas in all of Fairmont.
- This property is located next to a variety of retail stores, restaurants, professional service businesses and banking institutions
Executive Summary
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, 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 retail stores, restaurants, professional service businesses and banking institutions in one of the most prime commercial use areas in all of Fairmont.
Property Facts
| Price | $365,000 | Rentable Building Area | 4,600 SF |
| Price Per SF | $79 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1960 |
| Property Type | Flex | Parking Ratio | 6.52/1,000 SF |
| Property Subtype | Showroom | Opportunity Zone |
Yes
|
| Lot Size | 0.21 AC |
| Price | $365,000 |
| Price Per SF | $79 |
| Sale Type | Investment |
| Property Type | Flex |
| Property Subtype | Showroom |
| Lot Size | 0.21 AC |
| Rentable Building Area | 4,600 SF |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 6.52/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
- Yard
- Reception
- Air Conditioning
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $47,600 | |
| Land Assessment | $166,500 | Total Assessment | $214,100 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$166,500
Improvements Assessment
$47,600
Total Assessment
$214,100
zoning
| Zoning Code | B-2 Central Business (General business use) |
| B-2 Central Business (General business use) |
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411 S State St
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