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    311 Heritage Pl Faribault, MN 55021

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    For Sale
    $2,500,000

    Iconic Minnesota restaurant and bar with strong local clientele.

    Property size:
    6,000 SF
    Lot size:
    1.08 Acres

    Property Features for 311 Heritage Pl

    General Information

    Size
    6,000 SF
    Lot size
    1.08 Acres

    Source: RE/Max Advantage Plus -Bloomington Agent Jeremy Feldmann

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

    Overview

    Historic Restaurant and Bar Opportunity

    This historical restaurant and bar, a Minnesota destination, is available for sale. Known for high-quality food and service, the establishment caters to special occasions, including business meetings, weddings, anniversaries, and birthdays. The sale includes both the real estate and the business. The restaurant and bar offer seating for 180 patrons, along with a private event room that accommodates 30 people. Additionally, the property features a large patio with outdoor seating for an additional 180 people, and periodic outdoor seating entertainment. Located in the historic Faribault train depot on Heritage Place, the restaurant provides nearly 6,000 square feet of hospitality space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Depot Bar & Grill Bar & Grill

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Arna Farmer Catering & Cakes

    Location Insight

    • Map
    • Local Demand
    City
    Faribault
    County
    Rice
    State
    Minnesota
    Longitude
    -93.2654475
    Latitude
    44.2942097

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    FAQs

    What type of property is this?
    Restaurant - Iconic Minnesota restaurant and bar with strong local clientele.
    Where is this restaurant located?
    The property is located at 311 Heritage Pl Faribault, MN.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Established, historically significant restaurant with a loyal clientele.; - High-capacity seating: Enjoy **180 indoor seats plus a 180-seat outdoor patio**, one of the largest in the state.; - Includes a 30-person private event room, perfect for various occasions.
    (406) 314-3333
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    311 Heritage Pl 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
    311 Heritage Pl Faribault, MN 55021
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