508 Central AVE N, Faribault, MN 55021
508 Central AVE N, Faribault, MN 55021
508 Central AVE N, Faribault, MN 55021
508 Central AVE N, Faribault, MN 55021
508 Central AVE N, Faribault, MN 55021
508 Central AVE N, Faribault, MN 55021
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David Nelson

David Nelson

+1(612) 986-4670
$ 369,000
Est. payment | /mo

7,013 Sqft Lot

Save
$ 369,000
Est. payment | /mo
Save

7,013 Sqft Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision City/Faribault

MLS Listing ID 6787785

Year Built 1910

Annual Tax Amount $6,284

Tax Year 2026

Contingent None

Lot Size 7,013 Sqft

Lot Dimensions 1x1

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.

Location

State MN

County Rice

Zoning Business/Commercial

Interior

Heating Forced Air

Cooling Central Air

Inclusions Building

Fireplace No

Exterior

Parking Features Attached Garage

Garage Spaces 1.0

Utilities Available Electric Separate, Heating Separate

Present Use Vacant

Building

Foundation 1920

Sewer City Sewer/Connected

Water City Water/Connected

New Construction false

Schools

School District Faribault

Listed by Katherine Kalow • Edina Realty, Inc.

Nearby Locations

David Nelson

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(612) 986-4670

david@imperialhometeam.com

3609 Shepherd Hills Drive, Bloomington, Minnesota 55431, USA

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508 Central AVE N