700 Armstrong Dr - Service FOR SALE


Fairmont, MN 56031
$220,000 USD
507-236-1214
700 Armstrong Dr, Fairmont, MN for Sale
$220,000 USD
Service - FOR SALE
1/17
null | Request Cap Rate

700 Armstrong Dr
Fairmont, MN 56031


HIGHLIGHTS

  • Option for personal garage storage or non-retail business operation
  • Add your own plumbing fixtures or mezzanine for additional storage or entertaining area
  • Heated, fire proof floor drain and ready to be customized and finished to buyers needs

OVERVIEW

What is a shop condo? Use it for a commercial business or your own personal dream garage. Looking for space to operate your commercial business? These shop condos are the perfect solution! Use them individually for your business or combine two or more to create an industrial “strip mall”. All units have separately metered utilities including natural gas, water/sewer and electricity. Each unit has a service door, 14’ x 14’ overhead door with electric opener to accommodate any size vehicle, floor drains with flammable waste trap and air exchangers. Fiber optics available. Hard surface in front of the entire building for delivery trucks to load and unload. If you are looking for your own personal storage facility with the option of turning it into a dream garage/showroom for your vehicles or a get-away day retreat, then this is what you have been waiting for. Customize any of these units with a restroom, mezzanine, kitchenette and add a big screen TV or golf simulator and entertain your friends. Anything that you’ve ever wanted to have at home but don’t have the space. Find a friend or two and split the cost. Whether you are looking to own or rent, you have the flexibility to do either. If purchased you would own your own unit just as you would a residential condominium with HOA dues which cover ground maintenance, snow removal, exterior insurance and some utilities. Units available from 1960 sq ft up to 9600 sq ft and more units to be built in future phases. The largest continuous space is 60’ deep X 160’ wide. The first building is completed with 3 units still available at 1960 sq ft each measuring 60’ deep X 32’ wide. Located in the Fairmont Industrial Park within the city limits and easy access to I-90. Schedule a showing to learn more and see how this can be the ready solution for business or personal use.

FOR SALE DETAILS

PRICE

$220,000 USD

PRICE/SF

$115 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

ADD'L SUBTYPES

Distribution, Showroom, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

UTILITIES

Lighting - Fluorescent, Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

14 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

3.79

LAND SF

165,118

ZONING

Industrial

APN/PARCEL ID

230390080,233390020

ASK ABOUT THIS PROPERTY

Paul DetermanRe/max Total RealtyMore Info
507-236-1214

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Paul DetermanRe/max Total RealtyMore Info
507-236-1214

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.