757 State St, Fairmont, MN 56031

29,270 SF | 100% Leased | Office Building | Fairmont, MN 56031 | $1,650,000 ($56/SF)

For Sale

Active

4 pictures

Asking Price $1,650,000

Property Type: Office
Square Feet: 29,270 SF
Price / Square Foot: $56

Listing Contacts

Lamar Newburn

Property Info

Property Overview

Off-campus value-add medical office building totaling approximately 29,270 gross square feet on two (2) stories, expandable to approximately 40,000 gross square feet with existing footings in-place. Strategically located south of I-90 in Fairmont, Minnesota, between Rochester Mayo Clinic Hospital and Sioux Falls Sanford Hospitals. More than 190 shared surface parking stalls plus 20 underground heating parking stalls on-site. Existing income in-place for a portion of the first floor.
The Property is located within a Qualified Opportunity Zone (QOZ) making this an excellent owner/user or value-add investment opportunity.

Property Details

Class: B
Year Built: 2002
Stories: 2
Property Subtype: Medical
Lot Size (sq. ft): 78,408 SF

Highlights

Off-campus value-add medical office building totaling approximately 29,270 gross square feet on two (2) stories, expandable to approximately 40,000sf.

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