206 E 3rd St, Fairmont, MN 56031 Property Records

Martin County property record for 206 E 3rd St, Fairmont, MN 56031 · Last verified July 2026

Property Summary

Property Type	Commercial
Details	680 sqft · built 1934
Lot Size	0.358 acres (15,594 sqft)
Owner	Company Name on File
Last Sale	$180,000 (May 2026)
Tax Bill	$5,842 (2025)
Deeds & Mortgages	May 2026 Sale & Line of Credit May 2023 Sale & Mortgage
APN	`23.040.1590`

Property Details

APN / Parcel Number

Primary APN	`23.040.1590`

Interior

Stories	1 Story
Building Area	680 sqft Total Area
1st Floor Area	4,680 sqft
Flooring	Tile
Interior Walls	Wallboard/Drywall

Exterior

Year Built	Built 1934
Effective Year Built	Effective 1934
Exterior Material	Brick Veneer
Construction Type	Masonry / Concrete Block
Roof Type	Flat
Roof Material	Built-Up Asphalt
Lot Area	15,594 sqft (0.358 acres)
Lot Dimensions	150 ft deep x 52 ft wide
Total Buildings	2 Buildings

Utilities, Heating & Cooling

Cooling System	Evaporative
Heating System	Forced Air with A/C

Location & Zoning

Street Address	206 E 3RD ST
City	FAIRMONT
State	MN
Zip	56031-2828
Property Category	Commercial
Property Type	Commercial > Retail
Legal Description	ORIGINAL LOT-010 BLOCK-022
Legal Subdivision	ORIGINAL
Legal Block	22
Legal Lot Number	10
Jurisdiction	MARTIN MN
Township / Civil Division	FAIRMONT
Census Block Group	4
Census Block	4039
Census Tract	790600

Owner

Source: Martin County records · APN 23.040.1590

Assessment roll updated July 2, 2026 · Last verified July 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on File
Mailing Address	409 MILL ST, WELCOME, MN 56181-5010
Owner Type	Company
Vesting	Limited Liability Partnership

Deeds, Mortgages & Sale History

Date	Document
May 05, 2026	Warranty Deed, Transfer · Line of Credit FARMERS MERCHANTS STATE BANK
May 02, 2023	Contract Sale, Transfer · Land Contract SMITH RENTAL PROPERTIES LLC

Assessor's Deed Record

Deed Names	Verified Name on Deed
Last Sale	May 05, 2026 · Amount on Record
Deed Sale	May 05, 2026 · Amount on Record
Prior Sale	May 02, 2023 · Amount on Record
Deed Document Number	2026469176
Record Updated	Sep 20, 2026

May 2026: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	MARTIN MN
Recording Date	May 05, 2026
Property Address	206 E 3RD ST, FAIRMONT, MN 56031-2828
Document Number	0000469176
Instrument Date	May 01, 2026
Instrument	2026.469176
Transaction Type	Transfer
Record Updated	May 19, 2026
Title Company	NONE LISTED ON DOCUMENT

Transaction

Amount	Amount Recorded
Tax	$59,994.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Liability Partnership
Address	409 MILL ST, WELCOME, MN 56181-5010

Mortgage

Document Number	0000469177,
Date	May 05, 2026
Instrument	2026.469177

Lender

Name	FARMERS MERCHANTS STATE BANK

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	143 Months
Due	Apr 15, 2038

Interest

Rate	6.22%
Max Rate	-1%

May 2023: Contract Sale, Transfer

Document Type	Contract Sale
Jurisdiction	MARTIN MN
Recording Date	May 02, 2023
Property Address	206 E 3RD ST, FAIRMONT, MN 56031-2828
Document Number	2023R458008
Instrument Date	May 01, 2023
Instrument	2023R-458008
Transaction Type	Transfer
Record Updated	May 18, 2023

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on File
Loan-to-Value (LTV)	LTV on Record
Tax	$0.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	105 S STATE ST, FAIRMONT, MN 56031-4494

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	706 3RD AVE N, LAKEFIELD, MN 56150-9440

Mortgage

Date	May 02, 2023

Lender

Name	SMITH RENTAL PROPERTIES LLC
Type	Non-Lending Institution

Agreement

Type	Land Contract
Amount	Amount Recorded

Tax Assessment & Valuation

Source: Martin County records · Assessment roll updated July 2, 2026 · Last verified July 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

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Year	Tax Bill	Assessed Value	Assessed Market Value
2026		$234,500 (-0.21%) Land $23,400 Building $211,100	$234,500 (-0.21%) Land $23,400 Building $211,100
2025	$5,842.00 (+70.72%)	$235,000 (+192.29%) Land $23,400 Building $211,600	$235,000 (+192.29%) Land $23,400 Building $211,600
2024	$3,422.00 (+112.02%)
2023		$80,400 Land $15,600 Building $64,800	$80,400 Land $15,600 Building $64,800
2022	$1,614.00

Flood & Wildfire

Source: FEMA National Flood Hazard Layer · USDA Forest Service Wildfire Risk to Communities, 2nd edition (2024), fuels as of 2020 · Last verified October 2026

Flood

FEMA Flood Zone	Not on file

Wildfire

Wildfire Risk	Not rated no burnable land in reach
Wildfire Likelihood	Negligible
Exposure	None beyond ember reach

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

Internet Providers

Source: FCC Broadband Data Collection, availability as of December 31, 2025 · Published October 2026 · based on 385 locations within about half a mile of this property

Provider	Technology	Download / Upload (Mbps)
Midcontinent Communications	Cable	1,250 / 60
Verizon	Fixed Wireless	300 / 20
LTD Broadband	Fixed Wireless (licensed-by-rule)	150 / 130
T-Mobile USA	Fixed Wireless	100 / 20
AT&T	Fixed Wireless	100 / 20

May also be available at this address: Frontier. Availability varies by address; speeds are provider-advertised maximums, not measured.

Mobile Coverage

5G and 4G LTE

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