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$249,900 Just Listed

  • For Sale
  • Active
  • Commercial
  • 22,500 Sq. Ft.
  • 0.151 Acres
  • Updated 14 hours ago
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Positioned in a high-visibility downtown location, this expansive commercial building offers over 11,000 square feet on the main level and outstanding exposure for a wide range of business opportunities. The property was originally designed as two separate storefronts and could easily be converted back into two individual commercial spaces, providing flexibility for owner-occupants or investors looking for multiple income streams. The building has seen important updates, including one furnace replaced in 2020 and the roof resealed in 2022. With its prime downtown presence, large layout, and flexible configuration, this property offers tremendous potential for retail, office, service businesses, or redevelopment. A rare opportunity to secure a large commercial footprint in a premier downtown exposure location.

Full Property Details for 308 Downtown Plaza

General

  • Price: $249,900
  • Taxes: $2,794 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7034292
  • Updated: 3/12/2026
  • Added to Site: 3 day(s) ago

Parking

  • Carport Spaces: 3
  • Parking Features: On-Street Parking Only

Location

  • County: Martin
  • Township: Fairmont
  • Subdivision: Original Plat/The Vlg/Fairmont
  • Driving Directions: Going west on E Blue Earth Ave, Take a right in the round about onto Downtown Plaza, building is on the right.

School Information

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

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

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

Structural Information

  • Basement: Yes
  • Basement Desc.: Block, Full, Storage Space
  • Foundation Size: 11520
  • Roof: Flat, Rubber
  • Disability Access: Fully Wheelchair
  • Square Feet: 22,500
  • Finished Down/Base.: 22,500 Sq. Ft.
  • Current Bldg. Use: Retail
  • Year Built: 1946

Lot Features

  • Lot Size (Acres): 0.151
  • Lot Dimensions: 0.151 Acres
  • Frontage: City Street, Curbs, Paved Streets, Sidewalks, Street Lights, Storm Sewer
  • Potential Use: Office, Retail
  • Zoning: Business/Commercial

Financial Considerations

  • Tax Amount: $2,794
  • Tax Year: 2025
  • Terms: Conventional, Cash

Disclosures and Reports

  • Legal Description: ORIGINAL LOT-008 BLOCK-014 N44
  • Inclusions: Building
  • Property ID: 230400630

Listed by Re/Max Total Realty

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— 308 Downtown Plaza —

  • Re/Max Total Realty

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 308 Downtown Plaza

School District:Fairmont Area School District
NameGradesDistance
Fairmont Elementary School
714 Victoria Street, Fairmont, MN 56031
PK-60.8 mi
Fairmont High School
900 Johnson Street, Fairmont, MN 56031
7-121.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 308 Downtown Plaza Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/10/2026
Listed
$249,900
66.6%
MLS
11/30/2017
Sold
$150,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 308 Downtown Plaza

Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,794
20%
$122,500
-13%
2023
$2,328
-3%
$140,700
13%
2022
$2,410
12%
$124,700
4%
2021
$2,158
-3%
$119,400
20%
2020
$2,234
—
$99,600
-20%
2019
$2,234
41%
$124,000
69%
2018
$1,582
-21%
$73,400
-4%
2017
$1,993
15%
$76,200
13%
2015
$1,733
—
$67,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Re/Max Total Realty

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308 Downtown Plaza, Fairmont, MN 56031 (MLS# 7034292) is a Commercial property. 308 Downtown Plaza is currently listed for $249,900 and was received on March 10, 2026. Want to learn more about 308 Downtown Plaza? 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.

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