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    313 Central Ave N Faribault, MN 55021

    For Sale
    $260,000

    Commercial - Faribault, MN

    Lot size:
    0.08 Acres
    Days on Market:
    183
    Last Refresh:
    Dec 11 at 9:06 am

    Property Features for 313 Central Ave N

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial
    APN
    1831126299
    Parking features
    Unassigned
    Exterior features
    Brick/Stone
    Lot size
    0.08 Acres

    Utilities

    Heating system
    Hot Water (Heating)

    Building Details

    Year built
    1916
    Architectural style
    Other

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

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

    Listing date Jun 12, 2025

    MLS# 6704861 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

    Iconic Downtown Building: Blank Slate

    This building, formerly a coffee shop, is located on a desirable block of Faribault’s historic Main Street. The main level is a wide-open space suitable for a storefront, restaurant, boutique, or gallery. The second level has been completely gutted and is ready for custom finishes, with possibilities including two apartments or one loft. The building offers potential for short-term rentals, long-term tenants, or private residential use. The property is zoned for business and commercial use and has high foot traffic and downtown character. The lot size is 0.083 acres.
    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
    -93.267904
    Latitude
    44.294134

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    FAQs

    What type of property is this?
    Retail space - Historic building in Faribault's Main Street, ready for vision.
    Where is this retail space located?
    The property is located at 313 Central Ave N Faribault, MN.
    What is the asking price?
    The asking price for this property is $260,000.
    What are key features of this property?
    This property features: - Prime downtown location on Faribault's historic Main Street with high foot traffic.; - Full-building opportunity with a versatile, wide-open main level suitable for various businesses.; - Second level is a blank canvas ready for custom finishes as apartments or a loft.
    (612) 751-9303
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    313 Central Ave N Faribault, MN 55021
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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

    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.

    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
    313 Central Ave N Faribault, MN 55021
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