For Sale: Faribault MLS# 6787785
Active
NEW!
$399,000
Commercial: Other
Built 1910
0.16 acres
Faribault schools
MLS# 6787785
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Prime Downtown Faribault Commercial Opportunity. Situated in the heart of downtown Faribault, this versatile commercial property offers exceptional potential. Formerly operating as a restaurant, the main level is currently vacant and ready for a new business venture. Above the commercial space is a fully leased apartment, providing steady rental income or the option for owner occupancy. Zoned Central Business District (CBD), this property allows for a wide range of uses including retail, financial services, office space, personal services, and entertainment. Residential units are also permitted as an accessory use when located above a first-floor commercial use. Whether you're looking to launch a new business, transition your food truck into a brick-and-mortar location, or invest in a mixed-use property, this is a rare opportunity with unlimited potential.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$399,000
Property Type:
Commercial
City:
Faribault
Garage Spaces:
1
County:
Rice
Year Built:
1910
State:
MN
Property Style:
Other
Zip Code:
55021
Subdivision Name:
City/Faribault
Exterior
Garage Spaces:
1
Garage Size:
350 ft2
Other Parking Spaces:
0
Air Conditioning:
Central Air
Foundation Size:
1,920 ft2
Handicap Accessible:
Doors 36"+, Fully Wheelchair, Grab Bars In Bathroom
Heating System:
Forced Air
Parking Features:
Attached Garage
Road Frontage:
City Street
Exterior Material:
Brick/Stone
Lot & Land
Acres:
0.16
Geolocation:
44.296135, -93.268749
Inclusions:
Building
Lot Dimensions:
1 x 1
Zoning:
Business/Commercial
Schools
School District:
656
District Phone:
507-333-6016
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$5,706
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,906
Units
Total Units:
2
Miscellaneous
Current Use:
Vacant
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Edina Realty, Inc..
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.