12 3rd Street NE Faribault, MN 55021
- Added:
- Jan 20, 2026
- Days on Market:
- 71
- Last Refresh:
- Apr 1 at 3:06 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
- TaxYear
- 2024
- TaxAnnualAmount
- 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 (320) 500-4397
Listing date Jan 20, 2026
MLS# 7012006
Listing URL
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.
Overview
Mixed-Use Building in Downtown Faribault
This mixed-use property is located in downtown Faribault, Minnesota, approximately 35 minutes south of the Twin Cities. The building features two main-level commercial spaces. One unit is currently leased under a two-year agreement, providing immediate income. The second storefront is move-in ready and suitable for an owner-occupant or as an addition to an investment portfolio. The space is suitable for a boutique, ice cream shop, yoga/exercise studio, or other small business ventures. The upper level can be renovated to restore its original residential layout, with the potential for three studio or one-bedroom apartments, or reconfigured for larger units to meet rental demand in the area. The property is undergoing a parcel split, which will be completed prior to closing. A shared wall agreement and access to shared water/sewer lines with adjacent parcels will be included. The seller will install a separation wall upstairs to define private apartment space on the west side. The property is located steps from the new Viaduct Park development, which features splash pads, an ice rink, and future attractions. It is surrounded by restaurants, shops, and ongoing downtown revitalization. The lot size is 0.25 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Forward Transportation Services
Medical Clinic
Taran Grocery & Deli
Food Market
Location Insight
- Map
- Local Demand
- City
- Faribault
- County
- Rice
- State
- Minnesota
- Longitude
- -93.2770185
- Latitude
- 44.2921425
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Prime mixed-use property in up-and-coming downtown Faribault, Minnesota.
Where is this mixed-use property located?
The property is located at 12 3rd Street NE Faribault, MN.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: 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.
