Fairmont Industrial Build to Suit - Lease

700 Armstrong Dr, Fairmont, MN 56031

Property Information

  • For Lease $7.00 - $15.00/SF/YR
  • Property Type Industrial - Warehouse/Distribution
  • Property Size 9,600 SF
  • Lot Size 0 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 2024
  • Date Updated Apr 20, 2026
  • HVAC None

Description

Situated in Fairmont’s established Industrial Park, 700 Armstrong Drive delivers strategic positioning for light industrial, service, and flex users seeking efficient regional reach. The property is located on the west side of Fairmont within city limits, approximately 1.5 miles south of the I-90 interchange, providing direct connectivity to regional transportation corridors across Southern Minnesota and Northern Iowa. Surrounded by a complementary mix of trade contractors, logistics operations and service businesses, this location supports seamless vendor relationships, workforce access and same-day distribution capabilities. Nearby retail, fuel and food options enhance daily operations for employees and fleet traffic.Positioned in the proven Fairmont Industrial Park, the shop condos at 700 Armstrong Drive represents a turnkey build-to-suit lease opportunity with strategic adjacency to Interstate 90, entrenched industrial demand drivers, and Fairmont’s regional service ecosystem. The asset delivers a right-sized operational envelope with functional shop infrastructure, drive-in access, and durable construction—ideal for contractors, trades, service providers, or investors seeking a low-maintenance, income-ready industrial foothold. With immediate connectivity to workforce, transportation, and commercial amenities, the property offers a high-utility, cost-efficient platform designed to enhance long-term value creation in Southern Minnesota’s resilient industrial marketplace.

Highlights

  • 1,200-9,600 square feet options
  • Build-to-Suit
  • Seller Financing for CFD/Lease-to-Own Options

5 Spaces Available

1,200 SF

Space Type

Flex - Industrial

Lease Rate

$7.00 - $15.00/SF/YR

Total Space

1,200 SF

Divisible Space

1,200 - 1,200 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Turnkey

Yes

1,920 SF

Space Type

Industrial

Lease Rate

$7.00 - $15.00/SF/YR

Total Space

1,920 SF

Divisible Space

1,920 - 1,920 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Turnkey

Yes

2,400 SF

Space Type

Industrial

Lease Rate

$7.00 - $15.00/SF/YR

Total Space

1,960 SF

Divisible Space

1,960 - 1,960 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Turnkey

Yes

4,800 SF

Space Type

Industrial

Lease Rate

$7.00 - $15.00/SF/YR

Total Space

4,800 SF

Divisible Space

4,800 - 4,800 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Turnkey

Yes

9,600 SF

Space Type

Industrial

Lease Rate

$7.00 - $15.00/SF/YR

Total Space

9,600 SF

Divisible Space

9,600 - 9,600 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Turnkey

Yes

Contacts

Dan Sprague

NAI North Star

Location

Contact Listing Broker
Dan Sprague

NAI North Star

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.