301 Central, Faribault, MN 55021 – 6704867 - Luke Chase

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Luke Chase

luke@ts-re.com +1(612) 418-9979

$525,000

Est. payment - /mo

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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

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

Structure Type Brick/Stone

Schools

School District Faribault

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Listed by Hailey Warner • eXp Realty

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301 Central Faribault, MN 55021