Listing Agency: Kenwood Commercial Show Phone

Listed By: Mike Doyle Show Phone

Source: Moodyscre

Added: Apr 3, 2024 Changed: Oct 11 Last Checked: Oct 16 at 6:08AM

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Investment Insights

Based on property information with market context.

The property at 1233 Highway 60 is a free-standing building located just off Lyndale Avenue and Highway 60 in Faribault, Minnesota. The building has a property size of 5625 square feet. The current owner/tenant, Brighton Hospice, has locations in several states, including two locations in Minnesota. This is a 15-year triple net investment sale.

Key Highlights

• 15‑year triple net investment sale
• Free‑standing building
• Located off Lyndale Avenue and Highway 60 in Faribault

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Dental Office Real Estate Agency Parking Lot & Garage Grocery & Convenience Store Skin Care Clinic HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

356

Businesses Nearby

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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Free-standing building off Lyndale Avenue and Highway 60 in Faribault.

Where is this office building located?

The property is located at 1233 Hwy 60 Faribault, MN.

What are key features of this property?

This property features: 15‑year triple net investment sale; Free‑standing building; Located off Lyndale Avenue and Highway 60 in Faribault