Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    818 4Th St Faribault, MN 55021

    Sponsored
    For Sale
    $1,800,000

    1.17-acre residential lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    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 Features for 818 4Th St

    General Information

    Property type
    Land
    Lot Size
    50,965 SF

    HighLights

    • 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.
    • Asking price: $1,800,000; APN: 1831227002.
    • Pre‑approved Tax Increment Financing (TIF) district for multi‑family housing.
    • Zip code: 55021.
    Property Profile Location Intelligence

    Current Use by Public Records

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

    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
    -93.282207392519
    Latitude
    44.294649096409

    Nearby Similar for Sale

    • $549,900
      0.23 Acres

      Historic Commercial Building in Faribault

      Historic 11,000+ sq ft commercial building near downtown Faribault, MN.
      222 3Rd Ave NW, Faribault, MN 55021
      View Details
    • $2,500,000
      6,000 SF

      Historic Restaurant and Bar Opportunity

      Iconic Minnesota restaurant and bar with strong local clientele.
      311 Heritage Pl, Faribault, MN 55021
      View Details
    • Contact for pricing
      5,625 SF

      Freestanding Building Near Highway 60

      Free-standing building off Lyndale Avenue and Highway 60 in Faribault.
      1233 Highway 60, Faribault, MN 55021
      View Details
    • $1,000,000
      15,808 SF

      Retail Property in Faribault, MN

      Retail property available for sale in Faribault, Minnesota.
      320 8Th Ave NW, Faribault, MN 55021
      View Details
    • Contact for pricing
      88,003 SF

      Faribault Office Space - 88,003 SF

      Prime Faribault office/retail, flexible suites.
      201 Lyndale Ave, Faribault, MN 55021
      View Details
    • $1,395,000
      46,075 SF

      Faribault City Block Redevelopment Opportunity

      Historic Multi-Building Campus, 46,075 SF
      112 2Nd Ave, Faribault, MN 55021
      View Details
    • $595,000
      11,596 SF

      Historic Downtown Faribault Commercial

      Prime location, versatile space, high potential.
      222 3Rd Ave, Faribault, MN 55021
      View Details
    • $450,000
      4,781 SF

      Faribault 5-Unit Apartment Building

      Historic Charm, Prime Location, Strong Rental Income
      520 Ravine St, Faribault, MN 55021
      View Details
    • $199,900
      1,268 SF

      Faribault Gas Station & Shop

      Prime Corner Lot Business Opportunity
      728 Central Ave, Faribault, MN 55021
      View Details
    • Contact for pricing
      257,816 SF

      Faribault Warehouse & Office Space

      Large Warehouse, Office Space Available
      128 15Th St, Faribault, MN 55021
      View Details
    • $1,600,000
      5,625 SF

      Prime Faribault Medical Office Building

      5,625 SF Medical Office - $1.6M
      1233 Mn-60, Faribault, MN 55021
      View Details
    • $194,900
      1,200 SF

      739 Willow St, Faribault, MN 55021

      Commercial real estate • 1,200 SF
      739 Willow St, Faribault, MN 55021
      View Details

    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
    Request Owner's contact information
    818 4Th St Faribault, MN 55021
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    818 4Th St
    Faribault, MN 55021
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    818 4Th St Faribault, MN 55021
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.