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1211 State Street North - Fairmont, MN - 1211 State Street North (Land) 3.33 Acres of Commercial Land in Fairmont, MN 56031
Investment Highlights
- Located in the central business district of Fairmont.
- The city will allow for a re-zone of the property from Commercial to Residential use(s).
Executive Summary
Attn: Developers, Investors and Users! This prime 3.33-acre retail/commercial building site offers exceptional visibility and a variety of opportunities. Located within the Fairmont city limits and adjacent to Fairmont 5 Theatres, Tractor Supply and Petvet Community Clinic. The site is situated along Fairmont’s highly travelled retail/business corridor and surrounded by commercial and residential properties, State Street (aka County #15), The district includes retailers, service/medical, hotels. Businesses include: Fleet & Farm Supply, Pizza Ranch, Carpet Plus/ColorTile, Advance Auto Parts, McDonald’s, Budget Inn Hotel, Hampton Inn, Best Western, Super 8 by Wyndham. Close proximity to United Hotel District – Fairmont and Interstate Highway 90.
Daily traffic counts at approximately 14,000 vehicles. Surrounded by commercial properties.
The parcel is currently zoned 3A and guided as commercial use. The city is open to a number of uses.
The community of Fairmont sits south and west of Interstate 35 and is approximately two (2) hours, 130 miles to the Twin Cities. The main core economic development includes: agriculture, tourism, and manufacturing.
Agriculture
Fairmont is the state's top producer of corn and hogs, and is in the top ten for soybeans and cattle. There are more than 250 agriculture-related businesses in the area. The City of Lakes is a bustling hub for producers of life-sustaining crops, prized livestock and industry-related innovation. The city is hoe to the state's largest producer of hogs and corn, and in the ‘Top Ten’ for soybeans and cattle.
Tourism
Fairmont is known for its five lakes, which are popular for swimming, fishing, boating, jet skiing, and windsurfing. The area also has many public and private golf courses, an aquatic park, and a community recreation program.
Manufacturing
Fairmont is home to several major employers, including:
• 3M: A global innovation company that has been in Fairmont since 1946.
• Fairmont Foods: A contract manufacturer of frozen food.
• Avery Weigh-Tronix: The U.S. headquarters of one of the world's largest suppliers of weighing solutions.
• Mayo Clinic Health System: The largest employer in Fairmont.
• Other major employers in Fairmont include REM Heartland, Bank Midwest, Kahler Automation, Lakeview Methodist Health Services, Torgerson Properties, and Walmart.
Daily traffic counts at approximately 14,000 vehicles. Surrounded by commercial properties.
The parcel is currently zoned 3A and guided as commercial use. The city is open to a number of uses.
The community of Fairmont sits south and west of Interstate 35 and is approximately two (2) hours, 130 miles to the Twin Cities. The main core economic development includes: agriculture, tourism, and manufacturing.
Agriculture
Fairmont is the state's top producer of corn and hogs, and is in the top ten for soybeans and cattle. There are more than 250 agriculture-related businesses in the area. The City of Lakes is a bustling hub for producers of life-sustaining crops, prized livestock and industry-related innovation. The city is hoe to the state's largest producer of hogs and corn, and in the ‘Top Ten’ for soybeans and cattle.
Tourism
Fairmont is known for its five lakes, which are popular for swimming, fishing, boating, jet skiing, and windsurfing. The area also has many public and private golf courses, an aquatic park, and a community recreation program.
Manufacturing
Fairmont is home to several major employers, including:
• 3M: A global innovation company that has been in Fairmont since 1946.
• Fairmont Foods: A contract manufacturer of frozen food.
• Avery Weigh-Tronix: The U.S. headquarters of one of the world's largest suppliers of weighing solutions.
• Mayo Clinic Health System: The largest employer in Fairmont.
• Other major employers in Fairmont include REM Heartland, Bank Midwest, Kahler Automation, Lakeview Methodist Health Services, Torgerson Properties, and Walmart.
Financial Summary (Actual - 2025) |
Annual | Annual Per AC |
|---|---|---|
| Taxes |
$4,502
|
$1,351.95
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$4,502
|
$1,351.95
|
Financial Summary (Actual - 2025)
| Taxes | |
|---|---|
| Annual | $4,502 |
| Annual Per AC | $1,351.95 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $4,502 |
| Annual Per AC | $1,351.95 |
Property Facts
1 Lot Available
Lot
| Lot Size | 3.33 AC |
| Lot Size | 3.33 AC |
The 3.33 acre parcel is located between Pizza Rand and Fairmont 5 Theatres along State Street. Level parcel with curb access along State Street. See survey attached.
Description
The 3.33 acre parcel is located between Pizza Rand and Fairmont 5 Theatres along State Street. Level parcel with curb access along State Street. See survey attached.
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 230390365 | Total Assessment | $174,200 (2026) |
| Land Assessment | $174,200 (2026) | Annual Taxes | $4,502 |
| Improvements Assessment | $0 (2026) | Tax Year | 2025 Payable 2026 |
Property Taxes
Parcel Number
230390365
Land Assessment
$174,200 (2026)
Improvements Assessment
$0 (2026)
Total Assessment
$174,200 (2026)
Annual Taxes
$4,502
Tax Year
2025 Payable 2026
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1211 State Street North - Fairmont, MN - 1211 State Street North (Land)