101 2nd Street SE, Fairfax, MN 55332 (MLS# 7068783)

101 2nd Street SE, Fairfax, MN 55332

$62,900
Property Type: Commercial Square Footage: 2,400 Lot Size (sq. ft.): 6,970 Status: Active
Current Price: $62,900 List Date: 5/06/2026 Last Modified: 9/21/2026

Overview

Description

Prime investment opportunity in the heart of Fairfax! This versatile commercial building offers excellent potential for a variety of business ventures, featuring a main floor space ideal for retail, office, or service-based operations. Upstairs, you’ll find a spacious 3-bedroom apartment with a full bath—perfect for owner-occupancy or additional rental income. The property is equipped with gas boiler heat and sits on a large lot complete with a garage, providing ample space for parking, storage, or future expansion. Don’t miss this chance to own a property with both commercial and residential income potential!

Listing Details MLS# 7068783

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
4
Owner Occupied
No
Waterfront YN
No
Year Built
1900
Yearly/Seasonal
Yearly
Zoning
Business/Commercial, Residential-Multi-Family
Foundation Size
1200
Garage Stalls
2
For Sale or Lease
For Sale
Acres
0.16
Lot Dimensions
50 X 140
Assessment Pending
No

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: Ceiling Fan(s); Hardwood Floors; Washer/Dryer Hookup Basement: None CMU Style: Business Opportunity; Mixed Use Construction Materials: Frame Construction Status: Previously Owned Current Use: Vacant Exterior: Brick/Stone Foundation: Concrete Block Fuel: Natural Gas Heating: Boiler Loan Terms: Cash; Conventional Location Description: Free Standing On Site Utilities: Electric Separate Potential Use: Income; Office; Professional; Shop Road Frontage: City Street; Curbs; Street Lights Road Responsibility: Public Maintained Road Roof: Asphalt Shingles Sewer: City Sewer/Connected Stories: Two Water: City Water/Connected

Contract Information

Contingency
Inspection
ListPrice
62900
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
101
Street Name
2nd
Street Suffix
Street
Street Direction Suffix
SE
Postal City
Fairfax
County
Renville
State
MN
Zip Code
55332
Complex/Dev/Subdivision
Original

Assessments

Assessment Balance
2208.66
Assessment Installment
635.4
Tax With Assessments
1072

Basement

Foundation Dimensions
24 X 50

More Information

Building Information

Building Finished SqFt
1800
Building SqFt
2400
Ceiling Height
8-10

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Sale Options

Sale Includes
Building

Unit 2

No. of 2 Bedroom Units
Yes

Unit Details

Total Units
2
IDX
Listing Office: Kerkhoff Auction & Real Estate
Last Updated: September - 21 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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