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Historic Storefront Property

220 Central Avenue N, Faribault, MN 55021

For Sale
$689,000

Business/commercial zoning accompanies updated building systems and restrooms.

Property SizeContact for details
Days on Market502

Property Features for 220 Central Avenue N

General Information

Standard status Active
Property subtype Commercial
Zoning Business/Commercial

Taxes and HOA fees

Annual Taxes $16,398

Building Details

Year Built 1884
Units 14
Listing Agency: Weichert, REALTORS- Heartland
Listed By: David C. Campbell
Source: Hewittjacksonrealestate
Added: Jun 26, 2025 Changed: Nov 7 Last Checked: Nov 8 at 4:31PM

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 Weichert, REALTORS- Heartland

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Investment Insights

Based on property information with market context.

Built in 1884, this storefront property retains historic details alongside updated mechanical and electrical systems, bathrooms, and a newer roof. The building is in downtown Faribault on Central Avenue North.

Key Highlights

  • Constructed in 1884
  • Downtown Faribault location on Central Avenue North
  • Updated mechanical and electrical systems

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Minard Law Office Law Firm Zensational Spiritual Center Beltone Hearing Centers Hearing Aid Store Healthy Balance Psychology Physician R.R Decorations y ... Clothing Store

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Electrical Service Dental Office Grocery & Convenience Store 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.

Location Intelligence

Trade Area within ½ mile

893
Businesses Nearby
89k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 40% Dining 33% Groceries 19% Home Improvements & Furnishings 8%
McDonald's Dining
24,694 visits/mo 0.4 miles
Kwik Trip Shops & Services
19,092 visits/mo 0.4 miles
Fareway Groceries
16,517 visits/mo 0.2 miles
Faribault Ace Hardware Home Improvements & Furnishings
6,819 visits/mo 0.2 miles
Wells Fargo Shops & Services
5,174 visits/mo 0.2 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Similar Off Market Nearby

  • Bloom Floral Designs — 408 Central Ave N # A, Faribault, MN 55021

Frequently Asked Questions

What type of property is this?
Storefront property - Business/commercial zoning accompanies updated building systems and restrooms.
Where is this storefront property located?
The property is located at 220 Central Avenue N Faribault, MN.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: Constructed in 1884; Downtown Faribault location on Central Avenue North; Updated mechanical and electrical systems
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