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42 Downtown Plaza 42 Downtown Plz 12 Unit Apartment Building $816,626 CAD ($68,052 CAD/Unit) Fairmont, MN 56031
Investment Highlights
- Location! Location! Location! Walk to everything downtown. One block to Ward park on the Lake Sisseton. Great signage and visibility!
Executive Summary
Commercial mixed-use investment opportunity in the heart of Downtown Fairmont, MN. This two-story concrete and brick building is approximately 7,200 sq. ft. per level. It offers a strong value-add potential with existing income and leasing upside. The main level includes a new nail salon. It features high-end TI and equipment. The is also a 5677 sq. ft. warehouse/flex space on the main level with one drive-in overhead door. The second floor consists of ten apartments plus a common laundry area. This creates an attractive mix of residential and commercial income streams. Positioned in a prime downtown location, this property offers investors the opportunity to increase occupancy and maximize returns. Call Kev today for a private tour!
Financial Summary (Actual - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
$3,420
|
$0.24
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$3,420
|
$0.24
|
Financial Summary (Actual - 2026)
| Taxes (CAD) | |
|---|---|
| Annual | $3,420 |
| Annual Per SF | $0.24 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $3,420 |
| Annual Per SF | $0.24 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 600 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 232690200 | Total Assessment | $123,576 CAD (2025) |
| Land Assessment | $29,833 CAD (2025) | Annual Taxes | $3,420 CAD ($0.24 CAD/SF) |
| Improvements Assessment | $93,742 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
232690200
Land Assessment
$29,833 CAD (2025)
Improvements Assessment
$93,742 CAD (2025)
Total Assessment
$123,576 CAD (2025)
Annual Taxes
$3,420 CAD ($0.24 CAD/SF)
Tax Year
2026
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42 Downtown Plaza | 42 Downtown Plz
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