For Sale: Fairmont MLS# 7034292
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Property Description
Positioned in a high-visibility downtown location, this expansive commercial building offers over 11, 000 square feet on the main level and outstanding exposure for a wide range of business opportunities. The property was originally designed as two separate storefronts and could easily be converted back into two individual commercial spaces, providing flexibility for owner-occupants or investors looking for multiple income streams. The building has seen important updates, including one furnace replaced in 2020 and the roof resealed in 2022. With its prime downtown presence, large layout, and flexible configuration, this property offers tremendous potential for retail, office, service businesses, or redevelopment. A rare opportunity to secure a large commercial footprint in a premier downtown exposure location.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$249,900
Property Type:
Commercial
City:
Fairmont
Garage Spaces:
0
County:
Martin
Year Built:
1946
State:
MN
Property Style:
1 Story
Zip Code:
56031
Subdivision Name:
Original Plat/The Vlg/Fairmont
Interior
Bedrooms:
0
Bathrooms:
0
Basement Details:
- Block
- Full
- Storage Space
Exterior
Stories:
One
Garage Spaces:
0
Air Conditioning:
Central Air
Foundation Size:
11,520 ft2
Handicap Accessible:
Fully Wheelchair
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
On-Street Parking Only
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Storm Sewer
- Street Lights
Roof Details:
- Flat
- Rubber
Lot & Land
Acres:
0.151
Geolocation:
43.655302, -94.461989
Inclusions:
Building
Lot Dimensions:
0.151 Acres
Zoning:
Business/Commercial
Schools
School District:
1239
District Phone:
5072384234
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$2,794
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,794
Income
Annual Gross Income:
$6,600
Units
Total Units:
2
Miscellaneous
Current Use:
Retail
Fuel System:
Natural Gas
Owner Occupied:
Yes
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of RE/MAX TOTAL REALTY.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.