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 developmentan exciting public space featuring splash pads, a winter ice rink, and future family-friendly attractionsthis 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 potentialand prime locationdon’t come around often. Schedule your showing today and explore the possibilities!
Details
| MLS # | 7012007 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 215 |
| Listing Provided By | eXp Realty | Hailey M. Warner |
Features
| Garage | 1 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 7 |
| Zoning | Business/Commercial |
Interior
| Heating | Forced Air |
|---|
Parking
| Parking Features | Attached Garage, Unassigned |
|---|
Utilities
| Utilities | Electric Separate, Heating Separate, Hot Water Separate |
|---|
Taxes
| Property | 7772 |
|---|
Area Information
| State | MN |
|---|---|
| County | Rice |
| City | Faribault |
| Zip Code | 55021 |
| School District | 656 |
| High School | Faribault |
| Listing VS Median (in 55021) | |
Price: $525,000 low | high Med: $375,000 On site: 215 low | high Med: 139 | |
Market Activity 55021
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Listings courtesy of Northstar MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of August 25, 2026 at 6:11:09 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Learn More About This Property
| State | MN |
|---|---|
| County | Rice |
| City | Faribault |
| Zip Code | 55021 |
| School District | 656 |
| High School | Faribault |
| Listing VS Median (in 55021) | |
Price: $525,000 low | high Med: $375,000 On site: 215 low | high Med: 139 | |
