Real Estate For Sale in...

406 Downtown Place, Fairmont, MN 56031

Commercial Property MLS# 6025233 ID: 41974236
$199,900 Get Rates

Commercial - Fairmont, MN
Looking for a great investment for your hard earned money. How about 12% or better with this multi use opportunity and a cap rate of 13%.There are 7 apartments, 3 garages, and 2 retail areas that are all currently rented.6 1 BR and 1 2 br units.2 business areas3 garagesMain floor business space has a high eff. furnace. 6 apartments are heated by a high eff. boiler. Main building to the back had siding/windows/shingles installed approx. 7 years ago. Corner building has 2 high eff. furnaces for Main floor and upstairs apartment. Sewer and water for all units paid by owner.

Back To Top
Location Information near 406 Downtown Place
Offered by CHUCK OMVIG at CENTURY 21 Northland Realty

Would you like more information regarding this property?
Please call (507) 238-4796.

Mortgage Calculator
(% per year)
(in years)

*May not reflect current interest rates and is intended for educational/information purposes only. All figures are hypothetical and should not be relied upon in any way.


Compare current mortgage rates

Property Features for 406 Downtown Place
Market Status
Last Updated
August 12, 2017
Property Type
Commercial Property


  • Refrigerator
  • Range

Building Features

  • Cooling System: Wall Unit(s) A/C
  • Heating System: Forced Air
  • Roof: Asphalt
  • Heating Fuel: Oil

Exterior Features

  • Exterior Construction: Block; Stucco; Vinyl Siding
  • Parking: Assigned; Driveway


  • Taxes: 2717 (2016)

Listing Features

  • Property Type: Commercial;
  • CENTURY 21 Northland Realty

Data Provided by:
West Central Association of Realtors (MN)

Foreclosure, Auction & Bank Owned Listings
Save on your next home purchase. Search forclosure listings in Fairmont
New Home Listings From Top Home Builders
Search new home communities and view new homes for sale
Back To Top


More information about this $199,900 Commercial Property at 406 Downtown Place

This $199,900 Commercial Property at 406 Downtown Place in Fairmont, MN is presented by CHUCK OMVIG. This $199,900 Commercial Property, located in the 56031 zip code, has the following property features: Heating Fuel, Refrigerator, Roof, Heating System. This 406 Downtown Place Commercial Property, located in Martin County , is listed under MLS listing number 6025233 and has a listing price of $199,900. You can find more FAIRMONT homes for sale here.