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4th 8Th Ave NW Faribault, MN 55021

For Sale
$1,500,000

0.989-acre site with permits and plans for 55-unit MFH.

Lot size:
0.99 Acres

Property Features for 4th 8Th Ave NW

General Information

Lot size
0.99 Acres

Source: Fort Inc Agent Darin Groteboer

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Shovel-Ready Development Site Available

This 0.989-acre site, located at 4th Street NW & 8th Avenue NW, Faribault, MN, is shovel-ready with all necessary permits and plans in place. Plans are available for a 55-unit MFH property on site, and the city has indicated that TIF is an option. Approved foundation permits, completed building, structural, and civil plans, and finalized renderings are included. The stormwater retention pond and soil engineering have been completed, ensuring compliance with environmental regulations. Utilities such as electricity, natural gas, and sewer are available. Natural gas is connected. The site is zoned for business and commercial use, providing flexibility for various development options.
Location Intelligence

Current Use by Public Records

Commercial land

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
-93.281515
Latitude
44.291051

FAQs

What type of property is this?
Land - 0.989-acre site with permits and plans for 55-unit MFH.
Where is this land located?
The property is located at 4th 8Th Ave NW Faribault, MN.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: - Shovel-ready project with all necessary permits and plans in place for a 55-unit MFH property.; - City indicates TIF (Tax Increment Financing) is an option.; - Approved foundation permits and completed building/structural/civil plans.
More about this property
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