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42 Downtown Plaza 42 Downtown Plz 12 Unit Apartment Building $595,000 ($49,583/Unit) Fairmont, MN 56031
Investment Highlights
- Location! Location! Location! Walk to everything downtown. One block to Ward park on the Lake Sisseton. Great signage and visibility!
Executive Summary
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!
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$2,492
|
$0.18
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$2,492
|
$0.18
|
Financial Summary (Actual - 2026)
| Taxes | |
|---|---|
| Annual | $2,492 |
| Annual Per SF | $0.18 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $2,492 |
| Annual Per SF | $0.18 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 600 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 232690200 | Total Assessment | $90,300 (2025) |
| Land Assessment | $21,800 (2025) | Annual Taxes | $2,492 ($0.18/SF) |
| Improvements Assessment | $68,500 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
232690200
Land Assessment
$21,800 (2025)
Improvements Assessment
$68,500 (2025)
Total Assessment
$90,300 (2025)
Annual Taxes
$2,492 ($0.18/SF)
Tax Year
2026
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Contact the Sale Advisor
42 Downtown Plaza | 42 Downtown Plz