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    329 Central Ave N Faribault, MN 55021

    For Sale
    $299,000

    Commercial - Faribault, MN

    Lot size:
    0.06 Acres
    Days on Market:
    183
    Last Refresh:
    Dec 11 at 6:06 am

    Property Features for 329 Central Ave N

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Business/Commercial
    APN
    1831126294
    Parking features
    Garage, Garage - Attached
    Exterior features
    Brick/Stone
    Lot size
    0.06 Acres

    Utilities

    Heating system
    Hot Water (Heating)

    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# 6727828 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 Corner Building on Central Avenue

    This iconic corner building is located on Central Avenue in downtown Faribault, MN. Situated on a prime block, the property is near the Paradise Center for the Arts, the Bachrach Building, the 310 Event Center, 10,000 Drops Distillery, and Redemption Restaurant. The main floor, formerly a flower shop, offers a blank canvas suitable for a boutique, café, salon, or gallery. The upper level, previously configured as two apartments, provides flexible space that could be transformed into short-term rentals, long-term housing, or a stylish downtown loft. The property is zoned for business and commercial use and has high foot and drive traffic. The lot size is 0.055 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront 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.

    Similar Places Nearby

    Bloom Floral Designs

    Location Insight

    • Map
    • Local Demand
    City
    Faribault
    County
    Rice
    State
    Minnesota
    Longitude
    -93.268017
    Latitude
    44.294616

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    FAQs

    What type of property is this?
    Storefront property - Historic gem in Faribault's vibrant downtown, overflowing with potential.
    Where is this storefront property located?
    The property is located at 329 Central Ave N Faribault, MN.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: - Prime downtown location with high visibility and foot traffic, ideal for a business.; - Historic building with unique character and potential for revitalization.; - Main floor offers a blank canvas for various business ventures (boutique, cafe, etc.).
    (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

    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
    329 Central Ave N Faribault, MN 55021
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