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Farmington City Center 115 Elm St
583 - 8,392 SF of Retail Space Available in Farmington, MN 55024
Highlights
- Located in the heart of downtown Farmington, offering a prime and central business location
- Historic charm with modern convenience
- Positioned in a thriving area, benefitting from ongoing residential developments
Space Availability (4)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor, Ste D | 2,141 SF | Negotiable | Upon Application Upon Application Upon Application Upon Application Upon Application Upon Application | Net | ||
| 1st Floor, Ste E | 1,239 SF | Negotiable | Upon Application Upon Application Upon Application Upon Application Upon Application Upon Application | Net | ||
| 1st Floor, Ste I | 1,250 SF | Negotiable | Upon Application Upon Application Upon Application Upon Application Upon Application Upon Application | Net | ||
| 1st Floor, Ste J | 583-3,762 SF | Negotiable | Upon Application Upon Application Upon Application Upon Application Upon Application Upon Application | Net |
115 Elm St - 1st Floor - Ste D
- Lease rate does not include certain property expenses
- Partially Built-Out as Standard Retail Space
115 Elm St - 1st Floor - Ste E
- Lease rate does not include certain property expenses
- Partially Built-Out as Standard Retail Space
115 Elm St - 1st Floor - Ste I
- Lease rate does not include certain property expenses
- Partially Built-Out as Standard Retail Space
115 Elm St - 1st Floor - Ste J
- Lease rate does not include certain property expenses
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 115 Elm St , Farmington, MN 55024
| Min. Divisible | 583 SF | Frontage | 201 ft on Elm St |
| Centre Type | Neighborhood Center | Gross Leasable Area | 46,648 SF |
| Parking | 379 Spaces | Total Land Area | 8.99 AC |
| Stores | 1 | Year Built | 1994 |
| Centre Properties | 2 |
| Min. Divisible | 583 SF |
| Centre Type | Neighborhood Center |
| Parking | 379 Spaces |
| Stores | 1 |
| Centre Properties | 2 |
| Frontage | 201 ft on Elm St |
| Gross Leasable Area | 46,648 SF |
| Total Land Area | 8.99 AC |
| Year Built | 1994 |
About the Property
Situated right off Highway 50/Elm St, our retail spaces offer unparalleled accessibility for both foot and vehicular traffic. This bustling area is the perfect canvas for your business to thrive! Join the ranks of esteemed neighbors including Great Oaks Academy, Kwik Trip, El Charro Mexican, and Celts Pub. Your business will be in the heart of a dynamic community with a strong customer base. Experience the charm of downtown Farmington, where a blend of historic ambiance meets modern convenience. This is more than a location; it's an experience! From cozy boutiques to expansive showrooms, our suites cater to a wide array of businesses. Whether you're starting anew or expanding your brand, we have the perfect space for you. Seize this opportunity to be a part of Farmington's thriving commercial landscape. Contact us now to schedule a viewing and secure your space!
- Pylon Sign
- Signage
Nearby Major Retailers
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Farmington City Center | 115 Elm St
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