Building Details

Year Built 2007

Building Size 16,564 SF

Listing Agency: Transwestern Show Phone

Listed By: Kris Schisel

Source: Moodyscre

Added: Jan 13, 2025 Changed: Jul 31 Last Checked: Jul 31 at 9:13AM

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Investment Insights

Based on property information with market context.

Retail space at 300 Western Ave NW, Faribault, MN 55021 offers 16,564 SF of total building GLA and was built in 2007. On-site parking is provided with 60 spaces, or 3.64 spaces per 1,000 SF.

The location is supported by measured street traffic and visibility along two corridors: 9,653 VPD on 4th St NW and 8,344 VPD on Western Ave N.

This offering is well suited for retail users that value consistent road exposure and convenient customer parking for day-to-day operations.

Key Highlights

• 16,564 SF total building GLA
• Built in 2007
• 60 parking spaces (3.64 spaces per 1,000 SF)

Property Analytics

Current Use

Jimmy John's Take-out & Catering Metro by T-Mobile Telecommunications Service Fantastic Sams Cut ... Hair Salon CCFBank Bank Wireless World - Verizon ... Telecommunications Service

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm HVAC Service Gym & Fitness Center Skin Care Clinic

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

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

233

Businesses Nearby

167k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Superstores 36% Groceries 21% Dining 19% Shops & Services 10%

Walmart Superstores

60,843 visits/mo 0.1 miles

Hy-Vee Groceries

35,506 visits/mo 0.5 miles

Caribou Coffee Dining

13,180 visits/mo 0.3 miles

Dollar Tree Shops & Services

11,914 visits/mo 0.0 miles

Goodwill Apparel

8,887 visits/mo 0.4 miles

Demographics for 55021, MN

30,636

Population

12,421

Households

2.5

Avg Household Size

40

Median Age

20%

College-Educated

90%

High-School Grad

177.0 sq mi

ZIP Area

173

Density / Sq Mi

$70,296

Median Household Income

$39,914

Median Earnings

$1,044

Median Rent

$267,600

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Strong visibility with traffic counts of 9,653 VPD on 4th St NW and 8,344 VPD on Western Ave N.

Where is this retail space located?

The property is located at 300 Western Ave Faribault, MN.

What are key features of this property?

This property features: 16,564 SF total building GLA; Built in 2007; 60 parking spaces (3.64 spaces per 1,000 SF)