Best State To Raise a Family
(WalletHub, 1st in 2020; 2nd in 2021)
Commercial Development
There were 67 commercial building permits issued in 2020 through the Fairmont Building Department, with a total value of $15M. There was an additional $20M in building permits issued through the Minnesota Department of Labor and Industry, bringing the total value of building permits in 2020 to $35M!
Most Valuable Permits in 2020
| Name | Address | Valuation* | Description |
|---|---|---|---|
| CHS | 1833 130th Street | $6,924,276 | Business Expansion |
| MidAmerica Distributing | 201 Lake Avenue | $2,626,565 | Roof and Renovation |
| Hawkins Chevrolet | 1215 North State Street, Suite 2 | $934,923 | Business Expansion/Renovation |
Most Valuable Permits in 2019
| Name | Address | Valuation* | Description |
|---|---|---|---|
| CHS | 1833 130th Street | $14,291,679 | Business Expansion |
| Mayo Clinic Health System – Fairmont | 800 Medical Center Creek Drive | $3,728,800 | Renovation of the Lutz Wing and the MRI Suite |
| Great Plains Transportation Services | 923 North State Street | $3,321,731 | Business Expansion |
Most Valuable Permits in 2018
| Name | Address | Valuation* | Description |
|---|---|---|---|
| McDonalds | 2217 State Street North | $1,600,000 | Demolition & Complete Rebuild |
| MidAmerica Distributing | 1215 State Street North | $818,938 | Remodel for Tractor Supply |
| Hawkins Chevrolet | 1411 E Blue Earth Ave | $750,000 | New Auto Body Shop |
Most Valuable Permits in 2017
| Name | Address | Valuation* | Description |
|---|---|---|---|
| Fairmont Realty Group, LLC | First Street and Prairie Ave | $931,000 | Townhomes |
| Zierke Built Manufacturing | 1500 Winnebago Ave | $580,000 | Building Renovation |
| Fairmont Foods | 905 E 4th Street | $3,000,000 | Expansion |
Most Valuable Permits in 2016
| Name | Address | Valuation* | Description |
|---|---|---|---|
| Gold Cross | 800 Medical Drive | $1,200,000 | New Ambulance Facility |
| Ingleside | 2811 Roland Ave | $2,112,000 | Addition |
| Mayo Clinic Health Systems | 800 Medical Drive | $586,000 | Pharmacy Remodel |
There were also some notable projects that were not permitted through Fairmont’s Building Department. These projects are required to be permitted and inspected through the Department of Labor and Industry as they are considered public buildings and state-licensed facilities. Nonetheless, we want to recognize and credit them for their ongoing investment in our community!
| Name | Address | Valuation* | Description |
|---|---|---|---|
| Southern Plains Educational Cooperative | 1200 Park Street North | $1,208,575 | Rehabilitation, Renovation and Relocation |
| Lakeview Health Services | 610 Summit Drive | $19,562,492 | Business Expansion |
Source: Fairmont Building Permit Reports
*These values represent the investment in property/building improvements only. They do not represent total investment with regards to machinery, equipment, etc.
Residential Construction
Residential construction held steady through 2020. There were 282 building permits issued in 2020 and 4 new single-family homes were constructed.
No new multifamily housing has been built since 2017, and before that, the most recently constructed multifamily housing was in 2006.
Commercial Development
There were 67 commercial building permits issued in 2020 through the Fairmont Building Department, with a total value of $15M. There was an additional $20M in building permits issued through the Minnesota Department of Labor and Industry, bringing the total value of building permits in 2020 to $35M!
Special Projects
New Industrial Park Development
In 2017, FEDA obtained a real estate purchase option for a 37-acre parcel of bare, developable land at
the intersection of Bixby Road and I-90. Easements were obtained and the preliminary infrastructure engineering has been completed. In 2019, the City of Fairmont applied for a grant to aid with infrastructure costs – with $434,000 being awarded! The construction of infrastructure was slated for 2020, but with the uncertainty of the year, the project was delayed. The project will be bid in the spring of 2021 for fall 2021 construction.