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    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:
    338
    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

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    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
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    112 2Nd Ave 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
    112 2Nd Ave Faribault, MN 55021
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