Faribault, MN 55021
$369,000
Property Type:
Commercial
Lot Size (sq. ft.):
6,970
Status:
Active
Current Price:
$369,000
List Date:
9/19/2025
Last Modified:
7/09/2026
Overview
Description
Listing Details MLS# 6787785
General Property Information
- Lot Measurement
- Acres
- Multiple PIDs?
- No
- Owner Occupied
- No
- Waterfront YN
- No
- Year Built
- 1910
- Yearly/Seasonal
- Yearly
- Zoning
- Business/Commercial
- Foundation Size
- 1920
- Garage Stalls
- Yes
- For Sale or Lease
- For Sale
- Acres
- 0.16
- Lot Dimensions
- 1x1
- Assessment Pending
- No
- Other Parking Spaces
- 0
Property Features
Accessible:
Doors 36"+; Fully Wheelchair; Grab Bars In Bathroom
Air Conditioning:
Central Air
CMU Style:
Apartments and Retail; Attached Building; Common Wall; Industrial; Office
Construction Status:
Previously Owned
Current Use:
Vacant
Exterior:
Brick/Stone
Foundation:
Brick/Mortar
Fuel:
Natural Gas
Heating:
Forced Air
Loan Terms:
Cash; Conventional
On Site Utilities:
Electric Separate; Heating Separate
Potential Use:
Industrial; Office; Professional; Restaurant; Retail
Road Frontage:
City Street
Sewer:
City Sewer/Connected
Water:
City Water/Connected
Contract Information
- Contingency
- None
- ListPrice
- 369000
- Owner is an Agent?
- No
- Auction?
- No
Location Tax and Other Information
- Postal City
- Faribault
- County
- Rice
- State
- MN
- Zip Code
- 55021
- Complex/Dev/Subdivision
- City/Faribault
Assessments
- Assessment Balance
- 300
- Tax With Assessments
- 6584
Building Information
- Building Finished SqFt
- 3300
More Information
Lease Details
- Land Leased
- Not Applicable
Miscellaneous Information
- Homestead
- No
Ownership
- Fractional Ownership
- No
Parking Characteristics
- Garage Square Feet
- 350
Sale Options
- Sale Includes
- Building
Unit 1
- No. of 1 Bedroom Units
- Yes
Unit Details
- Total Units
- 2
Office/Member Info
- Association
- SPAAR
Location, Tax and Other Information
- Legal Description
- ORIG TOWN N22FT E100FT L1 & S12FT E100FT L2 & R/W L2 B19
- Listing City
- Faribault
- Map Page
- 999
- Municipality
- Faribault
- School District
- Faribault
- School District Phone
- 507-333-6016
- Zip Plus 4
- 4248
- Property ID Number
- 1831126170
- Tax Year
- 2026
- Tax Amount
- 6284
- In Foreclosure?
- No
- Potential Short Sale?
- No
- Lender Owned?
- No
Directions & Remarks
- Public Remarks
- Prime Downtown Faribault Commercial Opportunity. Situated in the heart of downtown Faribault, this versatile commercial property offers exceptional potential. Formerly operating as a restaurant, the main level is currently vacant and ready for a new business venture. Above the commercial space is a fully leased apartment, providing steady rental income or the option for owner occupancy. Zoned Central Business District (CBD), this property allows for a wide range of uses including retail, financial services, office space, personal services, and entertainment. Residential units are also permitted as an accessory use when located above a first-floor commercial use. Whether you're looking to launch a new business, transition your food truck into a brick-and-mortar location, or invest in a mixed-use property, this is a rare opportunity with unlimited potential.
- Directions
- From Fourth Street (Highway 60} turn North on Central Avenue From Interstate 35W take Highway 21 exit turn East on Seventh St NW turn South on Central Ave.
Accessible
- Doors 36"+
- Yes
- Fully Wheelchair
- Yes
- Grab Bars In Bathroom
- Yes
Air Conditioning
- Central Air
- Yes
Construction Status
- Previously Owned
- Yes
Exterior
- Brick/Stone
- Yes
Foundation
- Brick/Mortar
- Yes
Fuel
- Natural Gas
- Yes
Heating
- Forced Air
- Yes
Road Frontage
- City Street
- Yes
Sewer
- City Sewer/Connected
- Yes
Water
- City Water/Connected
- Yes
On Site Utilities
- Electric Separate
- Yes
- Heating Separate
- Yes
CMU Style
- Apartments and Retail
- Yes
- Attached Building
- Yes
- Common Wall
- Yes
- Industrial
- Yes
- Office
- Yes
Current Use
- Vacant
- Yes
Loan Terms
- Cash
- Yes
- Conventional
- Yes
Potential Use
- Industrial
- Yes
- Office
- Yes
- Professional
- Yes
- Restaurant
- Yes
- Retail
- Yes
Listing Office:
Edina Realty, Inc.
Last Updated: July - 09 - 2026
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