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Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 7012007
Year Built 1920
Annual Tax Amount $7,772
Tax Year 2025
Contingent None
Lot Dimensions 69x78
Property Description
Downtown Faribault investment opportunity: mixed-use property. Discover this exceptional investment opportunity in the vibrant heart of downtown Faribault, an emerging destination just 35 minutes south of the Twin Cities with convenient access to I-35. Positioned in a high-visibility location in one of Minnesota's growing small-towns, whether you're an investor, a contractor with vision, or an entrepreneur looking for your next venture, this property offers the flexibility to meet a variety of goals perfect for tapping into the area's rising rental demand. Zoned and situated to support mixed-use development, the property is ideal for anyone looking to contribute to Faribault's dynamic downtown revitalization. The building is currently undergoing a parcel split, which will be completed prior to closing, ensuring a smooth path forward for the next owner. Just steps from the new Viaduct Park development—an exciting public space featuring splash pads, a winter ice rink, and future family-friendly attractions—this location is surrounded by popular restaurants, retail shops, and ongoing community enhancements. Whether you're growing your investment portfolio, launching a new business, or reimagining the space for residential income, this is a rare opportunity to plant roots in a town on the rise. Properties with this kind of potential—and prime location—don't come around often. Schedule your showing today and explore the possibilities!
Location
State MN
County Rice
Zoning Business/Commercial
Interior
Heating Forced Air
Inclusions Building, Leases
Fireplace No
Exterior
Parking Features Attached Garage, Unassigned
Garage Spaces 1.0
Utilities Available Electric Separate, Heating Separate, Hot Water Separate
Present Use Vacant
Building
Story Two
Foundation 4280
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
New Construction false
Schools
School District Faribault
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Listed by Hailey Warner • eXp Realty
NEARBY SCHOOL & BUSINESS
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