316 E 2nd Street

Fairmont, MN
$ 89,900 Beds 2 Baths 1 Sq 1,260
Monthly Estimate* How much can I afford?

Conveniently located close to downtown, this home offers easy access to shopping, dining, parks, and local amenities. The spacious basement provides endless possibilities—whether you're looking to create additional living space, a home office, workout room, or simply enjoy abundant storage. With room to grow and customize, this property is ready for you to make it your own.

Single Family

  • Price
  • $ 89,900
  • City
  • Fairmont
  • Bedrooms
  • 2
  • Full Bathrooms
  • 1
  • County
  • MARTIN
  • Half Bathrooms
  • 0
  • Area
  • Village-Fairmont
  • Lot Size
  • 0.17 Acres
  • Zip
  • 56031
  • Sqr Footage
  • 1,260
  • Year Built
  • 1890
  • Taxes
  • $ 1224
  • Style
  • Single Family
  • MLS#
  • 7118387
Listed By: EXIT Realty - Great Plains
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 1260
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Year Built 1890
Levels One
Property Subtype Single Family
Tax Year 2025
Accessibility None
County Martin
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Village/Fairmont
Full Baths 1
Directions From Blue Earth Ave go north on Prairie to 2nd st then west 1 block property is on the south side of the road
City Fairmont
High School District Fairmont Area Schools
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 1224
Additional Parcels Y/N No
Standard Status Active
Lender Owned Yes
PostalCity Fairmont

Interior Features

Basement Full
Basement (Y/N) Yes
Fireplace Y/N No
Above Grade Finished Area 1260
Total Bedrooms 2
Total Baths 1
Fuel Natural Gas

Exterior Features

Parking Features On-Street Parking Only
Water Source City Water/Connected
Lot Size Area 0.17
Building Area Total 2520
Lot Dimensions 54x128
Waterfront Y/N No
Foundation Area 1260

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

7/30/2026 Listed $1

Property vs Zip Code Average in 56031

Price
AVG $290K
$90K
Taxes
AVG $3,003
$1,224
Year Built
AVG 1959
1890
Visits
AVG 60
20
Data Provided by Inside Real Estate®

316 E 2nd Street Fairmont, MN is a Single Family Home for sale at $89900 with 1260 sqft and a lot size of 0.17 Acres Acre(s). 316 E 2nd Street Fairmont has 2 bedrooms, 1 baths and was built in 1890. The property's zip code is 56031 which is in Fairmont, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.