Building Details

Year Built 1894

Listing Agency: Top Notch Properties & Realty Services t***@frontiernet.net Show Phone

Listed By: Eric A. Ruud Show Phone

Source: Juverealestate

Added: Jul 23, 2025 Changed: Jul 31 Last Checked: Aug 5 at 2:23PM

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Investment Insights

Based on property information with market context.

This historic warehouse property includes the P.H. Feely & Sons grain elevator structure. Built in 1894, the building offers character and a developer-friendly footprint for adaptive reuse projects that fit within the property’s downtown business district zoning.

The property is zoned B2 (downtown business district), which would allow for a wide range of uses such as a brewery, retail, offices, and light manufacturing. The site is located at 420 2nd Street in Farmington, Minnesota.

With its long-standing grain elevator identity and B2 zoning, the property may be considered for uses that align with downtown commercial activity while preserving elements of its historic nature.

Key Highlights

• Zoned B2 (downtown business district) with a wide range of uses such as brewery, retail, offices, and light manufacturing
• Historic P.H. Feely & Sons grain elevator warehouse
• Built in 1894

Property Analytics

Current Use

Manufacturing properties

Suggested Use

Top Pick Law Firm Real Estate Agency Spa & Massage Center Nail Salon Hair Salon Restaurant

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

486

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 55024, MN

35,948

Population

12,840

Households

2.8

Avg Household Size

35

Median Age

37%

College-Educated

94%

High-School Grad

85.1 sq mi

ZIP Area

422

Density / Sq Mi

$123,582

Median Household Income

$61,349

Median Earnings

$1,427

Median Rent

$350,500

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

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Similar Off Market Nearby

• Downtown Storage — 109 Spruce St, Farmington, MN 55024
• Feely's Grain Elevator — 175 Spruce St, Farmington, MN 55024
• Dakota county fairgrounds winter storage — 4100 220th St W, Farmington, MN 55024

Frequently Asked Questions

What type of property is this?

Warehouse - B2-zoned warehouse built in 1894, featuring a historic grain elevator building.

Where is this warehouse located?

The property is located at 420 2nd Street Farmington, MN.

What is the asking price?

The asking price for this property is $399,900.

What are key features of this property?

This property features: Zoned B2 (downtown business district) with a wide range of uses such as brewery, retail, offices, and light manufacturing; Historic P.H. Feely & Sons grain elevator warehouse; Built in 1894