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$239,000

  • Sold
  • Closed
  • Commercial
  • 3,600 Sq. Ft.
  • 0.151 Acres
  • Updated 1 day ago
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This downtown building is located in the heart of it all! There are currently 3 apartments upstairs along with a laundry room for all tenants to share. The main floor has been separated into two spaces. The front of the building has a large lobby area, 2 offices, and a 1/2 bath. The back of the building includes 3 offices, full bath, and kitchen / break room area. The owners are currently living in the back half of the main floor but with the removal of a door it could be put back into one large space. The tenants pay for all utilities except water. The owner pays for the water.

Full Property Details for 116 W 1st St

General

  • Sold For: $239,000
  • Taxes: $3,442 (2025)
  • Status: Closed
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6802546
  • Added to Site: 143 day(s) ago

Parking

  • Parking Features: On-Street Parking Only, Parking Lot

School Information

  • School District: 1239 - Fairmont Area Schools
  • High School District: Fairmont Area Schools

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air, Window Unit(s)
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Separate, Heating Separate

Financial Considerations

  • Tax Amount: $3,442
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: ORIGINAL E31 1/2 W85' OF 6 & 7 BLK 27
  • Inclusions: Building
  • Property ID: 230402160

Listed by CENTURY 21 Northland Realty
Sold by Home Run Realty

Listing agent

— 116 W 1st St —

  • CENTURY 21 Northland Realty

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 116 W 1st St

School District:Fairmont Area School District
NameGradesDistance
Fairmont Elementary School
714 Victoria Street, Fairmont, MN 56031
PK-60.7 mi
Fairmont High School
900 Johnson Street, Fairmont, MN 56031
7-121.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 116 W 1st St

Date
Details
Price
Change
Source
2/27/2026
Sold
$239,000
-17.59%
MLS
10/11/2025
Listed
$290,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by CENTURY 21 Northland Realty
Sold by Home Run Realty

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204 1st St, Welcome, MN 56181 - Photo 1 Just Listed
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204 1st St  Welcome, MN 56181

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Price Reduced near 116 W 1st St

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211 Dugan Street S, Welcome, MN 56181 - Photo 1 Price Reduced
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211 Dugan Street S  Welcome, MN 56181

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108 N West St, Ceylon, MN 56121 - Photo 1 Price Reduced
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108 N West St  Ceylon, MN 56121

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525 N Hood St, Blue Earth, MN 56013 - Photo 1 Price Reduced
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525 N Hood St  Blue Earth, MN 56013

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  • 2
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Listed by RE/MAX Total Realty

Recent Sales near 116 W 1st St

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302 E 1st St, Fairmont, MN 56031 - Photo 1 Sold
$220,000

302 E 1st St  Fairmont, MN 56031

  • Single Family
  • Closed
  • 5
    Beds
  • 3
    Total Baths
  • 2,940
    Sq. Ft.
Listed by Re/Max Total Realty
Sold by Edina Realty
610 Victoria St, Fairmont, MN 56031 - Photo 1 Sold
$270,000

610 Victoria St  Fairmont, MN 56031

  • Single Family
  • Closed
  • 4
    Beds
  • 3
    Total Baths
  • 2,340
    Sq. Ft.
Listed by True Real Estate
Sold by CENTURY 21 Northland Realty
933 S Hampton St, Fairmont, MN 56031 - Photo 1 Sold
$243,000

933 S Hampton St  Fairmont, MN 56031

  • Single Family
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1415 Oak Beach Dr, Fairmont, MN 56031 - Photo 1 Sold
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1415 Oak Beach Dr  Fairmont, MN 56031

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Sold by Realty ONE Group Black Diamond

116 W 1st Street, Fairmont, MN 56031 (MLS# 6802546) is a Commercial property that was sold at $239,000 on February 27, 2026. Want to learn more about 116 W 1st Street? Do you have questions about finding other Commercial real estate for sale in Fairmont? You can browse all Fairmont real estate or contact a Coldwell Banker agent to request more information.