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    301 Central Ave Faribault, MN 55021

    For Sale
    $525,000

    Commercial - Faribault, MN

    Days on Market:
    181
    Last Refresh:
    Dec 9 at 3:06 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

    EXP REALTY (612) 751-9303 [email protected]

    Listing agent Hailey M. Warner (612) 751-9303

    Listing date Jun 12, 2025

    MLS# 6704867 Listing URL

    Copyright © 2025 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.

    Overview

    Mixed-Use Investment in Downtown Faribault

    This mixed-use property presents an investment opportunity in downtown Faribault, Minnesota. The property is positioned in a high-visibility location in one of Minnesota's growing small towns, with convenient access to I-35 and just 35 minutes south of the Twin Cities. Zoned to support mixed-use development, the property is suitable for contributing to Faribault’s dynamic downtown revitalization. The building is undergoing a parcel split, which will be completed prior to closing. The location is near the new Viaduct Park development, a public space featuring splash pads, a winter ice rink, and future family-friendly attractions, and is surrounded by restaurants, retail shops, and ongoing community enhancements. This property is ideal for tapping into the area’s rising rental demand, growing an investment portfolio, launching a new business, or reimagining the space for residential income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    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
    -93.27022113
    Latitude
    44.29321953

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property in revitalizing downtown Faribault, an emerging destination.
    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.; - Mixed-use zoning allows for diverse development options.; - Investment opportunity in a growing small town, 35 minutes south of the Twin Cities with I-35 access.
    (612) 751-9303
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    Realmo Value Estimation

    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

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    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.

    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
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