Downtown Mixed-Use
For Sale
$525,000
301 Central Ave N, Faribault, MN 55021
Mixed-use zoning supports a range of commercial and residential redevelopment possibilities in downtown Faribault.
Property SizeContact for details
Days on Market220
Property Features for 301 Central Ave N
General Information
Standard status
Active
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$7,772
Listing Agency:
eXp Realty
(507) 210-1625
Listed By:
Hailey M. Warner
(507) 210-1625
Source:
Exprealty
Added: Jan 22
Changed: Aug 30
Last Checked: Aug 30 at 5:46AM
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.
This mixed-use property occupies a downtown Faribault location with zoning and site characteristics described as supportive of mixed-use development. The parcel split is currently in process and is expected to be completed before closing, providing a defined ownership transition milestone.
The property is near Viaduct Park, a public space with splash pads, a winter ice rink, and additional family-oriented attractions planned for the future. Restaurants and retail shops are also located nearby, while I-35 provides convenient regional access. Faribault is positioned 35 minutes south of the Twin Cities, placing the property within reach of the metropolitan area while remaining in a downtown small-town setting.
The property is near Viaduct Park, a public space with splash pads, a winter ice rink, and additional family-oriented attractions planned for the future. Restaurants and retail shops are also located nearby, while I-35 provides convenient regional access. Faribault is positioned 35 minutes south of the Twin Cities, placing the property within reach of the metropolitan area while remaining in a downtown small-town setting.
Key Highlights
- Mixed‑use zoning and downtown setting support redevelopment across commercial and residential uses
- Parcel split is underway and scheduled for completion before closing
- Near Viaduct Park, including splash pads, a winter ice rink, and planned future attractions
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
893
Businesses Nearby
89k
Monthly Visits Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use zoning supports a range of commercial and residential redevelopment possibilities in downtown Faribault.
Where is this mixed-use property located?
The property is located at 301 Central Ave N Faribault, MN.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Mixed‑use zoning and downtown setting support redevelopment across commercial and residential uses; Parcel split is underway and scheduled for completion before closing; Near Viaduct Park, including splash pads, a winter ice rink, and planned future attractions
