Historic Corner Mixed-Use
For Sale
$279,000
329 Central Ave N, Faribault, MN 55021
Main-floor commercial space is paired with an upper level previously configured as two apartments.
Property SizeContact for details
Days on Market10
Property Features for 329 Central Ave N
General Information
Standard status
Active
Additional Details
Corner Location
Yes
Building Details
Year Built
1920
Buildings
1
Listing Agency:
eXp Realty
(612) 445-4981
Listed By:
Hailey M. Warner
Source:
Bradadamrealty
Added: Aug 19
Changed: Aug 28
Last Checked: Aug 25 at 4:10AM
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.
Constructed in 1920, this downtown mixed-use building occupies a prominent corner along Central Avenue N. The main floor, formerly used as a flower shop, features the character and street-facing presence associated with an established downtown property. Upper-level space was previously arranged as two apartments, adding a residential component to the building’s mixed-use configuration.
The property is positioned along Faribault’s main downtown corridor, with windows and exposure facing the street. Nearby destinations include the Paradise Center for the Arts, Bachrach Building, 310 Event Center, 10,000 Drops Distillery, Redemption Restaurant, and a variety of locally owned businesses. Its corner setting places the building within an active collection of downtown destinations and commercial storefronts.
The property is positioned along Faribault’s main downtown corridor, with windows and exposure facing the street. Nearby destinations include the Paradise Center for the Arts, Bachrach Building, 310 Event Center, 10,000 Drops Distillery, Redemption Restaurant, and a variety of locally owned businesses. Its corner setting places the building within an active collection of downtown destinations and commercial storefronts.
Key Highlights
- 1920 construction date
- Prominent corner position along Central Avenue N
- Main floor formerly operated as a flower shop
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
876
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Main-floor commercial space is paired with an upper level previously configured as two apartments.
Where is this mixed-use property located?
The property is located at 329 Central Ave N Faribault, MN.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: 1920 construction date; Prominent corner position along Central Avenue N; Main floor formerly operated as a flower shop
