12 3rd Street NE, Faribault, MN 55021
- Added:
- Jan 20, 2026
- Days on Market:
- 139
- Last Refresh:
- Jun 8 at 1:06 pm
Property Features for 12 3rd Street NE
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Business/Commercial
- Parking features
- Unassigned
- Exterior features
- Brick/Stone
- Standard status
- Active
- APN
- TBD
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 7984
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1920
- Flooring type
- Wood
- Architectural style
- Other
Listing agent Hailey M. Warner (507) 210-1625
Listing office EXP REALTY 4525 White Bear Parkway, White Bear Lake, MN (612) 751-9303
Listing date Jan 20, 2026
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime mixed‑use building in downtown Faribault, a rapidly growing small town just 35 minutes south of the Twin Cities.
- Two main‑level commercial spaces: one currently leased with a two‑year agreement for immediate income, the other move‑in ready.
- Upper level with renovation potential for multiple apartments to meet growing rental demand.
- Located steps from the new Viaduct Park development with splash pads, an ice rink, and future attractions.
- Property is undergoing a parcel split, to be completed prior to closing, with a shared wall agreement and access to shared water/sewer lines.
- Seller will install a separation wall upstairs to define private apartment space.
Overview
The property is located at 12 3rd Street NE in downtown Faribault, MN, in Rice County. The listing notes the property is undergoing a parcel split that will be completed prior to closing. A shared wall agreement and access to shared water/sewer lines with adjacent parcels are also stated as part of the transaction, along with the seller’s plan to install a separation wall upstairs to define private apartment space on the west side.
For buyers, the configuration supports both owner-occupancy and mixed-use operations, with one income-producing retail unit and a second storefront available for immediate use. For investors or developers, the combination of existing commercial space and an upstairs residential conversion plan may appeal to those looking to expand downtown rental options while diversifying across retail and residential components.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Faribault
- County
- Rice
- State
- Minnesota
- Longitude
- -93.2770185
- Latitude
- 44.2921425
