Senior Housing Conversion
1150 3rd St SW Faribault, MN 55021
1150 3rd St SW, Faribault, MN, 55021
Contact for pricing
For Sale
Contact for pricing
Pending
Versatile assisted living/group home building zoned R-4, directly across from South Central College’s Faribault campus.
Property Size5,950 SF
Days on Market337
Property Features for 1150 3rd St SW
General Information
- Standard status
- Pending
- Size
- 5,950 SF
- Property subtype
- Senior Living
Building Details
- Year Built
- 1973
Listing agency
Edina Realty
Listed by
Kathy Kalow · License #MN
Source
Crexi
Added: Aug 20, 2025 Updated: Jul 22 at 9:06AM Checked: Jul 22 at 9:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Edina Realty
Investment Insights
Based on property information with market context.
This property is a versatile building previously utilized as an assisted living facility and a group home. With its multi-tenant residential layout, it can support redevelopment into senior-focused housing, student housing, or hospitality uses subject to approval. The property has a newly installed roof (Spring 2025), well-maintained mechanical systems, and an ADA-compliant handicap ramp from the parking area to the upper level.
The building is positioned directly across from South Central College’s Faribault campus, offering a convenient institutional-adjacent setting.
Zoned R-4, the property supports a variety of higher-density residential or institutional uses, providing flexibility for potential redevelopment plans. Buyer and buyer’s agent to verify all information.
The building is positioned directly across from South Central College’s Faribault campus, offering a convenient institutional-adjacent setting.
Zoned R-4, the property supports a variety of higher-density residential or institutional uses, providing flexibility for potential redevelopment plans. Buyer and buyer’s agent to verify all information.
Key Highlights
- 1973‑built assisted living/group home building zoned R‑4 for higher‑density residential or institutional uses
- Located directly across from South Central College’s Faribault campus
- Previously used as both an assisted living facility and a group home, suited for conversion to student housing or other multi‑tenant uses
Property Analytics
Location Intelligence
Current Use by Public Records
Our Circle of Friends/Main ...
Nursing Home
Similar For Sale Nearby
Similar Off Market Nearby
- Our Circle of Friends/Main Ct — 1150 3rd St SW, Faribault, MN 55021
- ESI Inc — 628 Prairie Ave SW, Faribault, MN 55021
- Cenneidigh 3rd Street Home — 805 3rd St SW, Faribault, MN 55021
- Maplewood Homes of Faribault — 519 1st St SW, Faribault, MN 55021
- Faribault Senior Living LLC — 843 Faribault Rd, Faribault, MN 55021
FAQs
What type of property is this?
Assisted living facility - Versatile assisted living/group home building zoned R-4, directly across from South Central College’s Faribault campus.
Where is this assisted living facility located?
The property is located at 1150 3rd St SW Faribault, MN.
What are key features of this property?
This property features: 1973‑built assisted living/group home building zoned R‑4 for higher‑density residential or institutional uses; Located directly across from South Central College’s Faribault campus; Previously used as both an assisted living facility and a group home, suited for conversion to student housing or other multi‑tenant uses
