Renovated 9-Unit Mixed-Use
New
For Sale
$1,095,000
14 3rd Street NW, Faribault, MN 55021
Commercial Sale, Faribault, MN
Property SizeContact for details
Lot Size0.08 Acres
Days on Market2
Property Features for 14 3rd Street NW
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business/Commercial
Bedrooms
8
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 5, Bathroom 8, Bathroom 1, Bedroom 1, Bedroom 8, Bedroom 6, Bedroom 7, Bathroom 5, Bathroom 3, Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 7, Bedroom 4, Bathroom 6, Bathroom 4
Exterior features
Brick/Stone
Subdivision
City/Faribault
High school district
Faribault
Directions
4th St West, right on 1st ave, left on 3rd st
Standard status
Active
APN
1831126282
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6336
Utilities
Heating system
Baseboard
Building Details
Year built
1910
Listing Agency:
RE/MAX Results · RE/MAX International
(612) 314-1520
Listed By:
Lars Anderson
(952) 829-2900
Added: Aug 31
Last Checked: Sep 1 at 2:06PM
MLS# 7135428
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 9-unit mixed-use building includes eight residential apartments and one commercial space. The apartments have undergone extensive updates, including redesigned kitchens and bathrooms, new flooring and finishes, and electric baseboard heating that allows residents to manage their own heating costs. The property also has a newer roof with a transferable warranty, a new fire panel, and brick/stone exterior construction.
The commercial space is leased through December 2030. Its tenant pays gas, electric, trash, sewer, and internet expenses and handles HVAC maintenance. The eight apartments are vacant, leaving the residential portion available for lease-up. Built in 1910, the property occupies 0.075 acres at 14 3rd Street NW in downtown Faribault, near businesses, restaurants, and services.
The commercial space is leased through December 2030. Its tenant pays gas, electric, trash, sewer, and internet expenses and handles HVAC maintenance. The eight apartments are vacant, leaving the residential portion available for lease-up. Built in 1910, the property occupies 0.075 acres at 14 3rd Street NW in downtown Faribault, near businesses, restaurants, and services.
Key Highlights
- 9‑unit configuration with eight apartments and one commercial space
- Eight residential units renovated with updated kitchens, bathrooms, flooring, and finishes
- Commercial space leased through December 2030
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
893
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Eight apartments feature updated interiors and electric baseboard heat for resident-controlled heating costs.
Where is this mixed-use property located?
The property is located at 14 3rd Street NW Faribault, MN.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: 9‑unit configuration with eight apartments and one commercial space; Eight residential units renovated with updated kitchens, bathrooms, flooring, and finishes; Commercial space leased through December 2030
