651-500-4720
42 Downtown Plz, Fairmont, MN for Sale
Apartments - FOR SALE
1/12
null | Request Cap Rate

42 Downtown Plz
Fairmont, MN 56031


OVERVIEW

Commercial mixed-use investment opportunity in the heart of Downtown Fairmont, MN. This two-story concrete and brick building is approximately 7,200 sq. ft. per level. It offers a strong value-add potential with existing income and leasing upside. The main level includes a new nail salon. It features high-end TI and equipment. The is also a 5677 sq. ft. warehouse/flex space on the main level with one drive-in overhead door. The second floor consists of ten apartments plus a common laundry area. This creates an attractive mix of residential and commercial income streams. Positioned in a prime downtown location, this property offers investors the opportunity to increase occupancy and maximize returns. Call Kev today for a private tour!

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

10

CAP RATE

Request Cap Rate

% LEASED

60%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1946

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,166 SF

ZONING

mixed

APN/PARCEL ID

232690200

ASK ABOUT THIS PROPERTY

Kevin GoettlKevin GoettlMore Info
651-500-4720

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Kevin GoettlKevin GoettlMore Info
651-500-4720

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.