Faribault, MN 55021

New Listing
$1,600,000
Property Type: Commercial Lot Size (sq. ft.): 542,322 Status: Active
Current Price: $1,600,000 List Date: 6/22/2026 Last Modified: 6/22/2026

Overview

Description

This property includes 12.45 acres with almost 1000 feet of frontage on State Highway 21. Currently zoned R2. City of Faribault welcomes all ideas for this property to be zoned commercial. No showings or walking the property without approval or showing confirmation from listing broker.

Listing Details MLS# 7095358

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
10
Waterfront YN
No
Year Built
1873
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family, Other
Foundation Size
900
Garage Stalls
10
For Sale or Lease
For Sale
Acres
12.45
Lot Dimensions
1x1
Assessment Pending
No

Property Features

Accessible: Other Assumable Loan: Not Assumable CMU Style: Mixed Use Construction Status: Previously Owned Current Use: Residential Exterior: Vinyl Foundation: Combination; Other Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional; Other On Site Utilities: Electric Separate Sewer: City Sewer - In Street; Other Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
1600000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

Postal City
Faribault
County
Rice
State
MN
Zip Code
55021

Assessments

Assessment Balance
120
Tax With Assessments
5312

Building Information

Building Finished SqFt
1455

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
Yes

Ownership

Fractional Ownership
No

Public Survey Info

Range#
21
Section#
25
Township#
110

Sale Options

Sale Includes
Building

Unit Details

Total Units
Yes

Office/Member Info

Association
SPAAR

Location, Tax and Other Information

Legal Description
SW4 NE4 BET RD & HY & N15R NW4 SE4 W HY
Listing City
Faribault
Map Page
999
Municipality
Faribault
School District
Faribault
School District Phone
507-333-6016
Zip Plus 4
2917
Property ID Number
1825150034
Tax Year
2025
Tax Amount
5192
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
This property includes 12.45 acres with almost 1000 feet of frontage on State Highway 21. Currently zoned R2. City of Faribault welcomes all ideas for this property to be zoned commercial. No showings or walking the property without approval or showing confirmation from listing broker.
Directions
Lyndale Ave to property

Accessible

Other
Yes

Assumable Loan

Not Assumable
Yes

Construction Status

Previously Owned
Yes

Exterior

Vinyl
Yes

Foundation

Combination
Yes
Other
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Sewer

City Sewer - In Street
Yes
Other
Yes

Water

City Water/Connected
Yes

On Site Utilities

Electric Separate
Yes

CMU Style

Mixed Use
Yes

Current Use

Residential
Yes

Loan Terms

Cash
Yes
Conventional
Yes
Other
Yes
IDX
Listing Office: Weichert, REALTORS- Heartland
Last Updated: June - 22 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.