Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    112 2Nd Ave Faribault, MN 55021

    Sponsored
    For Sale
    $1,395,000

    Historic Multi-Building Campus, 46,075 SF

    Property size:
    46,075 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 2.51-acre property in the heart of Faribault, Minnesota, presents a unique investment opportunity. The site encompasses an entire city block and features three distinct buildings: a stunning 1880 Plateville Limestone church, a former schoolhouse, and a historic residence. With a combined total of 46,075 square feet of space, the property offers immense versatility and potential for redevelopment. The existing structures provide a strong foundation for a variety of uses, including educational campuses, community centers, or residential conversion projects. The property's prime location offers easy access to local amenities, schools, and transportation. On-site parking is provided with 42 available stalls. This is a rare chance to acquire a historically significant property with significant development potential in a thriving Minnesota community. The property's size and diverse building types offer a unique canvas for creative and impactful redevelopment. The combination of historical charm and prime location makes this an exceptional opportunity for a forward-thinking investor or developer. This is a truly one-of-a-kind offering.

    Property Features for 112 2Nd Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    46,075 SF
    Lot Size
    109,336 SF

    Building Details

    Year Built
    1880
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -93.27221
    Latitude
    44.28995

    Nearby Similar for Sale

    • $525,000

      Mixed-Use Investment in Downtown Faribault

      Mixed-use property in revitalizing downtown Faribault, an emerging destination.
      301 Central Ave, Faribault, MN 55021
      View Details
    • $319,000
      0.25 Acres

      Mixed-Use Building in Downtown Faribault

      Mixed-use property with commercial spaces and residential potential in Faribault.
      12 3Rd St NE, Faribault, MN 55021
      View Details
    • $260,000
      0.08 Acres

      Iconic Downtown Building: Blank Slate

      Historic building in Faribault's Main Street, ready for vision.
      313 Central Ave N, Faribault, MN 55021
      View Details
    • $299,000
      0.06 Acres

      Iconic Corner Building on Central Avenue

      Historic gem in Faribault's vibrant downtown, overflowing with potential.
      329 Central Ave N, Faribault, MN 55021
      View Details
    • New
      $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
    • $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?
    Commercial real estate - Historic Multi-Building Campus, 46,075 SF
    Where is this commercial real estate located?
    The property is located at 112 2Nd Ave Faribault, MN.
    What is the asking price?
    The asking price for this property is $1,395,000.
    (952) 820-1615
    Request Owner's contact information
    112 2Nd 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.
    112 2Nd 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 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
    112 2Nd 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
    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.