Motel and Duplex Investment
For Sale
Contact for pricing
1400 4th Street NW and 1234 4th St NW, Faribault, MN 55021
Two-parcel property includes a motel with studio and one-bedroom units plus an adjacent two-unit duplex.
Property SizeContact for details
Days on Market122
Property Features for 1400 4th Street NW and 1234 4th St NW
General Information
Standard status
Active
Property subtype
Hospitality
Listing Agency:
Coldwell Banker Commercial Fisher Group
(507) 469-0545
Listed By:
Dain Fisher
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 6:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Fisher Group
Investment Insights
Based on property information with market context.
This sale includes a pair of properties on two parcels. Parcel one is a motel offering 22 studio units and 3 one-bedroom units, with space identified for 12 additional one-bedroom units. The second parcel, described as neighboring rental property, includes two units on its own parcel.
The property is located in a high-traffic commercial and residential area in Faribault, Minnesota, within blocks of Lyndale Ave N and 4th Street NW. It is approximately one mile from I-35. The surrounding area includes several national retailers such as Aldi, Family Dollar, Walgreens, Holiday, and Auto Zone.
Exterior renovations were completed in 2015, and the property is described as having ample parking. The offering is positioned between commercial and residential neighborhoods with walkable access to Lyndale Ave N and 4th St NW.
The property is located in a high-traffic commercial and residential area in Faribault, Minnesota, within blocks of Lyndale Ave N and 4th Street NW. It is approximately one mile from I-35. The surrounding area includes several national retailers such as Aldi, Family Dollar, Walgreens, Holiday, and Auto Zone.
Exterior renovations were completed in 2015, and the property is described as having ample parking. The offering is positioned between commercial and residential neighborhoods with walkable access to Lyndale Ave N and 4th St NW.
Key Highlights
- Two‑parcel investment property includes a motel on 0.60 acres with 22 studios and 3 one‑bedroom units
- Motel has additional space for 12 more one‑bedroom units
- Adjacent duplex included: 2 units on 0.47 acres
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
Balanced
Demand for This Use
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
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Similar Off Market Nearby
- Faribault Extended Stay — 1400 4th St NW #3, Faribault, MN 55021
- Armand's — 823 8th ave sw, faribault, mn 55021
Frequently Asked Questions
What type of property is this?
Motel - Two-parcel property includes a motel with studio and one-bedroom units plus an adjacent two-unit duplex.
Where is this motel located?
The property is located at 1400 4th Street NW and 1234 4th St NW Faribault, MN.
What are key features of this property?
This property features: Two‑parcel investment property includes a motel on 0.60 acres with 22 studios and 3 one‑bedroom units; Motel has additional space for 12 more one‑bedroom units; Adjacent duplex included: 2 units on 0.47 acres
