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    1233 Mn-60 Faribault, MN 55021

    Sponsored
    For Sale
    $1,600,000

    5,625 SF Medical Office - $1.6M

    Property size:
    5,625 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 5,625-square-foot medical office building, located at 1233 Highway 60 in Faribault, Minnesota, presents a compelling investment opportunity. Built in 1970 and extensively renovated in 2023, the property boasts a single-story design situated on a 0.709-acre lot. The building is zoned C-2 - Highway Commercial, offering excellent visibility and accessibility from Highway 60 and its proximity to Lyndale Avenue. Currently occupied by Brighton Hospice under a 15-year triple net lease, this property provides a stable, long-term income stream. The asking price is $1,600,000, translating to a price per square foot of $284.44. The property's location in Rice County, with its zip code 55021, offers convenient access to a thriving community. The property features one building and is identified by APN 18-36-1-50-001. This is a rare opportunity to acquire a well-maintained, recently renovated medical office building in a desirable location with a strong tenant in place. The property's strategic location and long-term lease make it an attractive investment for discerning buyers seeking a stable and profitable asset. Further details are available upon request.

    Property Features for 1233 Mn-60

    General Information

    Property type
    Medical offices
    Square Feet
    5,625 SF
    Lot Size
    30,884 SF

    Building Details

    Year Built/Renovated
    1970/2023
    Buildings
    1
    Stories
    1

    HighLights

    • 5,625 SF medical office building on 0.709‑acre lot in Faribault, MN.
    • Recently renovated (2023) single‑story building on Highway 60.
    • C‑2 Highway Commercial zoning with high visibility and accessibility.
    • 15‑year triple‑net lease with Brighton Hospice, providing stable income.
    • $1,600,000 asking price ($284.44/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Faribault
    County
    Rice
    State
    Minnesota
    Longitude
    -93.2878379
    Latitude
    44.2939919

    Nearby Comparable

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    Nearby Similar for Sale

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      Freestanding Building Near Highway 60

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      Retail Property in Faribault, MN

      Retail property available for sale in Faribault, Minnesota.
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      Faribault Office Space - 88,003 SF

      Prime Faribault office/retail, flexible suites.
      201 Lyndale Ave, Faribault, MN 55021
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    FAQs

    What type of property is this?
    Medical office - 5,625 SF Medical Office - $1.6M
    Where is this medical office located?
    The property is located at 1233 Mn-60 Faribault, MN.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: 5,625 SF medical office building on 0.709-acre lot in Faribault, MN.; Recently renovated (2023) single-story building on Highway 60.; C-2 Highway Commercial zoning with high visibility and accessibility.
    Request Owner's contact information
    1233 Mn-60 Faribault, MN 55021
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    Faribault, MN 55021
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1233 Mn-60 Faribault, MN 55021
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