1420 N State St, Fairmont, MN 56031 Property Records

Martin County property record for 1420 N State St, Fairmont, MN 56031

Property Summary

Property Type	Commercial
Details	5,620 sqft · built 1984
Lot Size	0.695 acres (30,274 sqft)
Owner	Company Name on File
Last Sale	$308,000 (May 2012)
Tax Bill	$21,418 (2025)
Deeds & Mortgages	Oct 2018 Mortgage Aug 2022 Construction Loan
APN	`23.286.0010`

Property Details

APN / Parcel Number

Primary APN	`23.286.0010`

Interior

Stories	1 Story
Building Area	5,620 sqft Total Area
1st Floor Area	3,200 sqft
Flooring	Carpet
Interior Walls	Wallboard/Drywall

Exterior

Year Built	Built 1984
Effective Year Built	Effective 1984
Exterior Material	Aluminum/Vinyl
Roof Type	Gable/Hip
Roof Material	Composition Shingle
Lot Area	30,274 sqft (0.695 acres)
Lot Dimensions	293 ft deep x 100 ft wide
Total Buildings	2 Buildings

Location & Zoning

Street Address	1420 N STATE ST
City	FAIRMONT
State	MN
Zip	56031-3619
Property Category	Commercial
Property Type	Commercial > Retail
Legal Description	MAR JO 3RD. ADDN LOT-001 BLOCK-001
Legal Subdivision	MAR JO 3RD. ADDN
Legal Block	1
Legal Lot Number	1
Jurisdiction	MARTIN MN
Township / Civil Division	FAIRMONT
Census Block Group	1
Census Block	1012
Census Tract	790600

Owner

1420 N State St, a commercial property, is owned by a company that bought it in May 2012.

Source: Martin County records, as of July 2, 2026

Owner of Record	Company Name on File
Mailing Address	1420 N STATE ST, FAIRMONT, MN 56031-3619
Owner Type	Company
Vesting	Company

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Date	Document
Oct 24, 2018	Deed of Trust, Mortgage · Commercial Mortgage PROFINIUM FINANCIAL INC
Aug 8, 2022	Deed of Trust, Mortgage · Construction Mortgage PROFINIUM FINANCIAL INC

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	May 25, 2012 · Amount on File
Deed Sale	May 25, 2012 · Amount on File
Deed Document Number	2012412490
Record Updated	Sep 20, 2026

October 2018: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARTIN MN
Property Address	1420 N STATE ST, FAIRMONT, MN 56031-3619
Transaction Type	Mortgage
Record Updated	Sep 20, 2022

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	2018R438994
Date	Oct 24, 2018
Instrument	2018R-438994

Lender

Name	PROFINIUM FINANCIAL INC
Type	Funding / Finance Company
Address	FAIRMONT, MN 56031

Agreement

Type	Commercial Mortgage
Amount	Amount on Record
Term	180 Months
Due	Oct 15, 2033

Interest

Rate Type	Adjustable Rate

August 2022: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARTIN MN
Property Address	1420 N STATE ST, FAIRMONT, MN 56031-3619
Transaction Type	Mortgage
Record Updated	Sep 20, 2022

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	2022R455547
Date	Aug 8, 2022
Instrument	2022R-455547

Lender

Name	PROFINIUM FINANCIAL INC
Type	Funding / Finance Company
Address	FAIRMONT, MN 56031

Agreement

Type	Construction Mortgage
Amount	Amount on Record
Term	246 Months
Due	Feb 1, 2043

Interest

Rate Type	Adjustable Rate

Tax Assessment & Valuation

The 2025 property tax bill for 1420 N State St was $21,418.

Source: Martin County assessment roll, as of July 2, 2026

Property Jurisdictions

Type	Name
State	Minnesota
County	Martin County
Municipality	Fairmont City
Unified School District	Fairmont Area School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026		$660,500 (-4.68%) Land $95,400 Building $565,100	$660,500 (-4.68%) Land $95,400 Building $565,100
2025	$21,418.00	$692,900 Land $95,400 Building $597,500	$692,900 Land $95,400 Building $597,500
2023		$599,800 Land $90,900 Building $508,900	$599,800 Land $90,900 Building $508,900
2022	$7,014.00

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA has no flood map on file for 1420 N State St.

Source: FEMA National Flood Hazard Layer

FEMA Flood Zone	Not on file

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Wildfire risk around 1420 N State St is low, with less than a 0.01% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 99.1% of the US · lower than 96% of Minnesota
Wildfire Likelihood	Under 0.01% annual chance
Exposure	None beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	Fairmont serves 10,328 people · EPA ID MN1460003
Water Source	Surface water
Last State Inspection	Dec 2025
Lead	1 ppb (2022–2024) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. This system sells water to local utilities; the supplier billing this address may be one of them.

Internet Providers

Source: FCC Broadband Data Collection, based on 141 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Midco Cable	1,250 / 60
GigFire Fixed Wireless	150 / 130
T-Mobile Fixed Wireless	100 / 20

May also be available: Verizon.

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