For Sale: Fairmont MLS# 6519329
Active
$209,000
Commercial: 2 Stories
Built 1945
0.15 acres
Fairmont Area schools
MLS# 6519329
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Are you looking for an amazing office space with some additional rental income? This downtown building has been tastefully remodeled to keep all of the character of the original building. High tin ceilings and beautiful woodwork are some of the features that make this space so wonderful. The main floor of the building is office space with 4 offices, large conference room, break room with sink and refrigerator, 1/2 bath and a spacious waiting area. The upper level of the building houses 3 apartments and brings in rental income.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$209,000
Property Type:
Commercial
City:
Fairmont
Garage Spaces:
0
County:
Martin
Year Built:
1945
State:
MN
Property Style:
2 Stories
Zip Code:
56031
Subdivision Name:
Village/Fairmont
Interior
Ceiling Height:
8-10
Ranges:
Three
Refrigerators:
Four
Appliances Included:
- Range
- Refrigerator
Basement Details:
- Block
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
2
Air Conditioning:
Central Air, Window Unit(s)
Foundation Size:
1,800 ft2
Handicap Accessible:
Doors 36"+, Grab Bars In Bathroom, Hallways 42"+
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Parking Lot
Shared Amenities:
- Coin-op Laundry Owned
- Concrete Floors & Walls
Unit Amenities:
- Ceiling Fan(s)
- Natural Woodwork
- Paneled Doors
Road Frontage:
- City Street
- Curbs
- Paved Streets
- Sidewalks
- Storm Sewer
- Street Lights
Exterior Material:
Brick/Stone
Roof Details:
Rubber
Lot & Land
Acres:
0.15
Geolocation:
43.653213, -94.463348
Inclusions:
Building, Leases
Lot Dimensions:
32 x 104
Zoning:
Business/Commercial
Schools
School District:
2752
District Phone:
507-238-4234
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$1,800
Annual Maintenance Expense:
$500
Annual Gross Expense:
$6,588
Annual Trash Expense:
$600
Annual Water/Sewer Expense:
None
Tenant Expenses:
Cable TV, Electricity, Gas
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$3,188
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$3,188
Income
Annual Gross Income:
$31,800
Rent
Annual Net Income:
$25,212
Units
Total Units:
4
Miscellaneous
Current Use:
- Office
- Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
Month | Principal | Interest | P&I | Balance |
---|---|---|---|---|
Year | Principal | Interest | P&I | Balance |
Local Home Mortgage Professionals
Listing provided by RMLS,
courtesy of RE/MAX TOTAL REALTY.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.