Fairmont, MN 56031,116 W 1st ST
Fairmont, MN 56031,116 W 1st ST
Fairmont, MN 56031,116 W 1st ST
Fairmont, MN 56031,116 W 1st ST
Fairmont, MN 56031,116 W 1st ST
Fairmont, MN 56031,116 W 1st ST
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$165,000

$165,000

Est.Price: ?

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Est. payment /mo

3,484 Sqft Lot


SOLD DATE : 04/01/2021

Key Details

Sold Price $165,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Subdivision Village/Fairmont

MLS Listing ID 5720037

Year Built 1945

Annual Tax Amount $2,580

Tax Year 2020

Lot Size 3,484 Sqft

Property Description

Don't miss the opportunity to own an investment property downtown! This building produces $2350 of rental income per month. The main level is rented to a business on a 5 year lease and they are on year 2 of that lease. The furnace for the main level was replaced in 2017. The main level has a reception area, waiting area, 4 private offices along with a conference room along with a bathroom and kitchenette area. All utilities are paid by the renters with separate meters. There are 3 apartments on the upper level with a coin operated laundry area for the tenants to use. All apartments are one bedrooms. There is a street front entrance and an alley entrance for tenants to use. Tenants park in the city lot behind the building.

Location

State MN

County Martin

Zoning Business/Commercial,Other

Interior

Heating Forced Air

Cooling Central Air

Exterior

Garage Assigned, Paved

Utilities Available Electric Common, Heating Separate

Roof Type Flat,Rubber

Building

Story Two

Foundation 1800

Sewer City Sewer/Connected

Water City Water/Connected

Structure Type Brick/Stone

Schools

School District Fairmont Area Schools

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Listed by Yvonne Cone • RE/MAX TOTAL REALTY
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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