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818 4Th St Faribault, MN 55021

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For Sale
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1.17-acre residential lot, prime location.

Property Features for 818 4Th St

General Information

Property type
Land
Lot Size
50,965 SF

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Listing Contact
Darin Groteboer
Darin Groteboer

Listing Agency: Fort Inc Listing Agent: Darin Groteboer

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional 1.17-acre parcel of land presents a remarkable opportunity for residential development in the thriving city of Faribault, Minnesota. Located at 818 4th St NW, this property boasts a prime location within Rice County, conveniently situated with easy access to local amenities and infrastructure. The lot is zoned for residential use, allowing for the construction of various housing types. The asking price for this exceptional property is $1,800,000. The property's APN is 1831227002. Importantly, the city has already approved a Tax Increment Financing (TIF) district for future multi-family housing (MFH) development, significantly streamlining the development process and potentially reducing costs for the future owner. This pre-approved TIF designation makes this land particularly attractive for investors seeking to capitalize on the growing demand for residential housing in Faribault. The 1.17-acre size offers considerable flexibility in design and development plans, allowing for a variety of residential projects. This is a rare opportunity to acquire a well-situated, city-approved development site in a desirable Minnesota location. The property's zip code is 55021. This is a truly exceptional opportunity for developers seeking a prime location for their next residential project.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Midwest Flats Apartment Building Midwest Indoor Storage ... Storage Facility

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

Location Insight

  • Map
  • Local Demand
City
Faribault
County
Rice
State
Minnesota
Longitude
-93.282207392519
Latitude
44.294649096409

FAQs

What type of property is this?
Land - 1.17-acre residential lot, prime location.
Where is this land located?
The property is located at 818 4Th St Faribault, MN.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 1.17-acre residential development site in Faribault, MN.; Located at 818 4th St NW, Rice County, with easy access to amenities.; Zoned for residential use, allowing various housing types.
(619) 977-1785 Call to check price and availability
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