Renovated Mixed-Use
For Sale
$409,000
213 Central Ave N, Faribault, MN 55021
Commercial space and two furnished apartments are supported by a full basement with garage access.
Property SizeContact for details
Days on Market23
Property Features for 213 Central Ave N
General Information
Standard status
Active
Units
Unit Mix
1 x 1BR, 1 x 2BR
Multifamily Units
2
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$5,972
Amenities
full basement
tuck-under garage
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
eXp Realty
(507) 210-1625
Listed By:
Hailey M. Warner
(507) 210-1625
Source:
Exprealty
Added: Jul 28
Changed: Aug 14
Last Checked: Aug 19 at 10:50AM
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 eXp Realty
Investment Insights
Based on property information with market context.
Located at 213 Central Ave N in downtown Faribault, this mixed-use building combines a renovated commercial main level with two furnished upper-level apartments. The residential units include one one-bedroom apartment and one two-bedroom apartment, each updated for move-in use. A commercial tenant occupies the main floor, which includes an ADA-accessible restroom.
The full basement adds storage capacity and includes a tuck-under garage with an overhead door. The lower level has also been used as a private workout room and retreat. The property sits within walking distance of downtown shops, restaurants, coffee houses, and entertainment. Its proximity to area wedding venues and Shattuck-St. Mary's is also identified as a source of housing and rental demand.
The full basement adds storage capacity and includes a tuck-under garage with an overhead door. The lower level has also been used as a private workout room and retreat. The property sits within walking distance of downtown shops, restaurants, coffee houses, and entertainment. Its proximity to area wedding venues and Shattuck-St. Mary's is also identified as a source of housing and rental demand.
Key Highlights
- Mixed‑use building with a commercial tenant on the main level
- Two furnished apartments: one 1‑bedroom and one 2‑bedroom
- Renovated commercial space includes an ADA‑accessible restroom
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space and two furnished apartments are supported by a full basement with garage access.
Where is this mixed-use property located?
The property is located at 213 Central Ave N Faribault, MN.
What is the asking price?
The asking price for this property is $409,000.
What are key features of this property?
This property features: Mixed‑use building with a commercial tenant on the main level; Two furnished apartments: one 1‑bedroom and one 2‑bedroom; Renovated commercial space includes an ADA‑accessible restroom
