118 1st Ave Ne Faribault, MN 55021

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Listing date May 12, 2026

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Investment Insights

Based on property information with market context.

Located in historic downtown Faribault, Minnesota, this office building presents an investment opportunity. The property, situated 35 minutes south of the Twin Cities on I-35, underwent a significant capital investment in 2015, resulting in a top-to-bottom transformation. The building features warm brick, signature red awnings, generous windows, and a professionally finished interior. Recent electrical updates and additional commercial improvements have also been completed. The building comprises nine leased suites with renewing tenants and one available suite. Shared conference and reception areas, a front ramp entry, off-street asphalt parking, and prominent pole signage are present. The property is located near restaurants, boutiques, and the Paradise Center for the Arts. Viaduct Park, featuring a splash pad, fire pit, and indoor gathering areas, is located across the street. The building is suited for investors seeking reliable returns or entrepreneurs with a bold vision for the space.

Key Highlights

• High‑visibility office building in revitalizing downtown Faribault, offering reliable income and future growth potential.
• Substantial 2015 top‑to‑bottom renovation ensures a modern, well‑maintained property attractive to tenants.
• Strong occupancy with nine leased suites and renewing tenants, providing a stable income stream.

Property Analytics

Property Profile Location Intelligence

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FAQs

What type of property is this?

Office building - High-visibility office building in historic downtown Faribault, Minnesota.

Where is this office building located?

The property is located at 118 1st Ave Ne Faribault, MN.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: High‑visibility office building in revitalizing downtown Faribault, offering reliable income and future growth potential.; Substantial 2015 top‑to‑bottom renovation ensures a modern, well‑maintained property attractive to tenants.; Strong occupancy with nine leased suites and renewing tenants, providing a stable income stream.