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    2800 1St Ave Faribault, MN 55021

    Sponsored
    For Lease
    $14,400 /Mo ($11 SF/Yr)

    15,660 SF Warehouse, Office Space Available

    Lot size:
    15,660 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This single-story, 15,660-square-foot industrial warehouse building in Faribault, Minnesota, offers flexible space options. Located at 2800 1st Ave NW, near the intersection of 1st Avenue NW and 27th Street NW, this Class B property boasts 1 acre of land and is conveniently situated just off Highway 3 and County Road 76, within one mile of Highway 35W. Built in 1990 and renovated in 2005, the building features a 12-foot ceiling height and eight drive-in doors, each measuring 9x11 feet. The property is zoned for Business Commercial use (APN: 18.19.1.51.002, Rice County) and is currently entirely vacant, allowing for immediate occupancy. Space is divisible to a minimum of 1,000 square feet, with a maximum contiguous space of 15,660 square feet. The building previously housed a 10,000-square-foot charter school and includes office and warehouse space with a mezzanine. Two parking stalls are included. This multi-tenant property presents a great opportunity for a variety of businesses seeking flexible and well-located industrial space in Faribault.

    Property Features for 2800 1St Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,660 SF
    Class
    B
    Total Rate
    14400

    Building Details

    Year Built/Renovated
    1990/2005
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 300
    Size
    1,048 SF
    Rate per SF
    $18,000

    HighLights

    • 15,660 SF single‑story industrial warehouse in Faribault, MN.
    • Located at 2800 1st Ave NW, near Hwy 3 & CR 76, one mile from Hwy 35W.
    • Class B building on 1‑acre lot, built in 1990, renovated in 2005.
    • Features 12' ceilings, eight 9x11' drive‑in doors, and is divisible to 1,000 SF minimum.
    • Currently vacant, zoned Business Commercial (APN: 18.19.1.51.002, Rice County), with two parking stalls.
    Property Profile Location Intelligence

    Current Use by Public Records

    USDA Service Center ... Federal Government Office Dynamic Electric Electrician S.T.E.P. Cannon Valley ... School

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Gym & Fitness Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Faribault
    County
    Rice
    State
    Minnesota
    Longitude
    -93.270728819952
    Latitude
    44.32070266914

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    FAQs

    What type of property is this?
    Distribution property - 15,660 SF Warehouse, Office Space Available
    Where is this distribution property located?
    The property is located at 2800 1St Ave Faribault, MN.
    What is the lease rate?
    The lease rate is $18,000 /Mo.
    What are key features of this property?
    This property features: 15,660 SF single-story industrial warehouse in Faribault, MN.; Located at 2800 1st Ave NW, near Hwy 3 & CR 76, one mile from Hwy 35W.; Class B building on 1-acre lot, built in 1990, renovated in 2005.
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    2800 1St Ave 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
    2800 1St Ave Faribault, MN 55021
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