Listing Agency: LMH Appraisals - Intellignece

Listed By: LARRY HARN · License #MA 20042528

Source: Crexi

Added: Apr 11 Changed: Aug 8 Last Checked: Apr 11 at 1:54AM

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Investment Insights

Based on property information with market context.

This is a buildable lot zoned for multifamily development. The property is also described as having potential for commercial use, based on the provided remarks.

The lot is offered for sale at 903 Spring Rd in Faribault, MN.

Key Highlights

• Buildable lot zoned for multifamily development
• Zoning also allows potential commercial use

Property Analytics

Current Use

Residential land & home ...

Suggested Use

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

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

127

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this residential land & home lots located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Residential land & home lot - Buildable lot zoned for multifamily development, with potential for commercial use.

Where is this residential land & home lot located?

The property is located at 903 Spring Rd Faribault, MN.

What are key features of this property?

This property features: Buildable lot zoned for multifamily development; Zoning also allows potential commercial use