9-Unit Mixed-Use
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 Market47
Property Features for 14 3rd Street NW
General Information
Property type
Commercial Sale
Property subtype
Apartment
Zoning description
Business/Commercial
Bedrooms
8
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 3, Bathroom 5, Bathroom 4, Bathroom 7, Bathroom 1, Bedroom 8, Bathroom 3, Bedroom 7, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 8, Bathroom 2, Bedroom 6, Bathroom 6, Bedroom 5
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
Changed: Oct 16
Last Checked: Oct 16 at 7:06PM
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.
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Investment Insights
Based on property information with market context.
This downtown Faribault property contains nine units: eight renovated apartments and one commercial space. Apartment improvements include updated kitchens, bathrooms, flooring and finishes, along with electric baseboard heat that allows residents to control and pay for their own heating. The building also has a newer roof with a transferable warranty and a new fire panel.
The commercial tenant’s lease runs through December 2030. That tenant pays gas, electricity, trash, sewer and internet, and handles HVAC maintenance. The apartments are currently vacant. Businesses, restaurants and services are located nearby.
The commercial tenant’s lease runs through December 2030. That tenant pays gas, electricity, trash, sewer and internet, and handles HVAC maintenance. The apartments are currently vacant. Businesses, restaurants and services are located nearby.
Key Highlights
- Nine‑unit mixed‑use building with eight apartments and one commercial space
- Renovated apartments feature updated kitchens, bathrooms, flooring and finishes
- Apartments have electric baseboard heat; residents control and pay for their heating
Property Analytics
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Eight updated apartments are vacant, and the commercial suite is leased through December 2030.
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: Nine‑unit mixed‑use building with eight apartments and one commercial space; Renovated apartments feature updated kitchens, bathrooms, flooring and finishes; Apartments have electric baseboard heat; residents control and pay for their heating
