308 S State St - Freestanding FOR SALE
Fairmont, MN 56031 |
308 S State St
Fairmont, MN 56031
HIGHLIGHTS
- Five Lakes Centre – Value-add Shopping Center Fee Simple Ownership (Land & Building)
- 192,240 Sf Shopping Center – $200k Parking Lot Capital Improvement Completed
- Attractive Entry Point – Offered at Well-below Replacement Costs
- Large Lot – Over 17 Acres – Incredible Lease-up Opportunity Opportunity to Substantially Increase Cash Flow
- Less Than 2 Miles From Interstate 90 – Longest Interstate in the Country – Seattle to Boston
- Fairmont, MN – County Seat - Accessible by Plane, Rail & Interstate Travel - Positioned on Area’s Main North/south Corridor (State St)
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Five Lakes Centre - Value-Add Regional Center
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Drug Store, Restaurant, Department Store
TOTAL BUILDING SIZE
192240
STORIES
1
YEAR BUILT
1970
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
230391080,231240040
