Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    301 Central Ave Faribault, MN 55021

    Sponsored
    For Sale
    $525,000

    Commercial - Faribault, MN

    Days on Market:
    2
    Last Refresh:
    Jan 23 at 9:06 pm

    Property Features for 301 Central Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial
    APN
    1831126302
    Parking features
    Garage, Garage - Attached, Unassigned
    Exterior features
    Brick/Stone

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1920
    Architectural style
    Other

    We can help!

    Listing Contact
    Hailey M. Warner

    EXP REALTY (612) 751-9303

    Listing agent Hailey M. Warner (320) 500-4397

    Listing date Jan 22, 2026

    MLS# 7012007 Listing URL

    Copyright © 2026 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Mixed-Use Investment Opportunity in Faribault

    Located in downtown Faribault, Minnesota, this mixed-use property presents an investment opportunity in a high-visibility location. The property is situated in an emerging destination approximately 35 minutes south of the Twin Cities, with convenient access to I-35. It is zoned to support mixed-use development, making it suitable for contributing to Faribault’s downtown revitalization. The building is undergoing a parcel split, which will be completed before closing. The location is near the new Viaduct Park development, which features splash pads, a winter ice rink, and future family-friendly attractions. The surrounding area includes restaurants, retail shops, and ongoing community enhancements. This property offers flexibility for various goals, including tapping into the area’s rising rental demand, growing an investment portfolio, launching a new business, or reimagining the space for residential income. It is located in one of Minnesota's growing small towns.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Faribault
    County
    Rice
    State
    Minnesota
    Longitude
    -93.27762403
    Latitude
    44.29344992

    Nearby Similar for Sale

    • New
      $319,000
      0.25 Acres

      Mixed-Use Building in Downtown Faribault

      Prime mixed-use property in up-and-coming downtown Faribault, Minnesota.
      12 3Rd St NE, Faribault, MN 55021
      View Details
    • New
      $260,000
      0.08 Acres

      Iconic Downtown Building: Blank Slate

      Historic downtown building with storefront and residential income potential.
      313 Central Ave N, Faribault, MN 55021
      View Details
    • New
      $299,000
      0.06 Acres

      Iconic Corner Building on Central Avenue

      Historic downtown building with retail and residential potential.
      329 Central Ave N, Faribault, MN 55021
      View Details
    • $549,900
      0.23 Acres

      Historic Commercial Building in Faribault

      Historic 11,000+ sq ft commercial building near downtown Faribault, MN.
      222 3Rd Ave NW, Faribault, MN 55021
      View Details
    • $2,500,000
      6,000 SF

      Historic Restaurant and Bar Opportunity

      Iconic Minnesota restaurant and bar with strong local clientele.
      311 Heritage Pl, Faribault, MN 55021
      View Details
    • Contact for pricing
      5,625 SF

      Freestanding Building Near Highway 60

      Free-standing building off Lyndale Avenue and Highway 60 in Faribault.
      1233 Highway 60, Faribault, MN 55021
      View Details
    • $1,000,000
      15,808 SF

      Retail Property in Faribault, MN

      Retail property available for sale in Faribault, Minnesota.
      320 8Th Ave NW, Faribault, MN 55021
      View Details
    • Contact for pricing
      88,003 SF

      Faribault Office Space - 88,003 SF

      Prime Faribault office/retail, flexible suites.
      201 Lyndale Ave, Faribault, MN 55021
      View Details
    • $1,395,000
      46,075 SF

      Faribault City Block Redevelopment Opportunity

      Historic Multi-Building Campus, 46,075 SF
      112 2Nd Ave, Faribault, MN 55021
      View Details
    • $595,000
      11,596 SF

      Historic Downtown Faribault Commercial

      Prime location, versatile space, high potential.
      222 3Rd Ave, Faribault, MN 55021
      View Details
    • $450,000
      4,781 SF

      Faribault 5-Unit Apartment Building

      Historic Charm, Prime Location, Strong Rental Income
      520 Ravine St, Faribault, MN 55021
      View Details
    • $199,900
      1,268 SF

      Faribault Gas Station & Shop

      Prime Corner Lot Business Opportunity
      728 Central Ave, Faribault, MN 55021
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property in downtown Faribault, near Twin Cities.
    Where is this mixed-use property located?
    The property is located at 301 Central Ave Faribault, MN.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: - Prime downtown Faribault location with high visibility and proximity to the new Viaduct Park (splash pads, ice rink).; - Mixed-use zoning allows for diverse development possibilities (residential, retail, commercial).; - Investment opportunity in a growing small town, 35 minutes south of the Twin Cities with I-35 access.
    (320) 500-4397
    Request Owner's contact information
    301 Central Ave Faribault, MN 55021
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    301 Central Ave
    Faribault, MN 55021
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    301 Central Ave Faribault, MN 55021
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Hailey M. Warner
    (320) 500-4397
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.