301 Central Active Save Request In-Person Tour Request Virtual Tour
Faribault,MN 55021
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 6704867
Year Built 1920
Annual Tax Amount $7,772
Tax Year 2025
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
Exterior
Parking Features Attached Garage,Unassigned
Garage Spaces 1.0
Utilities Available Electric Separate,Heating Separate,Hot Water Separate
Building
Story Two
Foundation 4280
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Brick/Stone
Schools
School District Faribault