Waterfront

Faribault, MN Waterfront Land for Sale

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Waterfront Residential Buildable Lot
Updated: May 22
Waterfront Residential Buildable Lot

To Be Determined 232nd St W, Faribault, MN 55021

$175,000
1.70 AC lot
1.7‑acre buildable lot on Cannon Lake with 125 ft of shoreline
Waterfront setting on a lake with lake views and water recreation potential
Natural gas available on‑site
Convenient access near Faribault and the Twin Cities corridor
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Waterfront Residential Buildable Lot
Updated: May 22
Waterfront Residential Buildable Lot

232nd ST W, Faribault, MN 55021

$175,000
1.60 AC lot
1.6‑acre buildable lot with lake frontage on Cannon Lake
150 feet of shoreline on Cannon Lake
Waterfront feature: Lake
Natural gas available
Utilities include natural gas available
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Cannon Lake Waterfront Land Opportunity
Cannon Lake Waterfront Land Opportunity

W 232nd Street, Faribault, MN 55021

$175,000
1.60 AC lot

1.6-acre buildable lot with 150 feet of shoreline.

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Cannon Lake Waterfront Land
Cannon Lake Waterfront Land

To Be Determine W 232nd Street, Faribault, MN 55021

$175,000
1.70 AC lot

1.7-acre lot with 125 feet of shoreline on Cannon Lake.

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Buildable Waterfront-Adjacent Lot
Buildable Waterfront-Adjacent Lot

17001 Elmore Avenue, Faribault, MN 55021

$199,000
6.24 AC lot

Surveyed and septic design completed for a lake-area homesite.

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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 5 Active listings in Faribault, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Waterfront Buildable Lake Lot
Waterfront Buildable Lake Lot

23473 Cardinal Drive, Cleveland, MN 56017

$71,500
0.93 AC lot

Deeded access to German Lake and reserved dock space, with HOA dues covering common insurance and dock services.

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Buildable Waterfront Lot
Buildable Waterfront Lot

23473 Cardinal Drive, Cleveland, MN 56017

$71,500
0.93 AC lot

Nearly one-acre, level waterfront lot with deeded access to German Lake and reserved dock space for the 2026 season.

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Waterfront Residential Development Lot
Waterfront Residential Development Lot

3787 W 255th St, New Prague, MN 56071

$184,900
4.76 AC lot

A 4.76-acre waterfront lot on Raven Stream with walkout potential and all-useable land.

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LAND - New Prague, MN
LAND - New Prague, MN

25250 Cedar Lane, New Prague, MN 56071

$250,000
0.26 AC lot

Residential land & home lots · 0.26 Acres

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Faribault, MN Waterfront Land Market Trends and Statistics

Explore 5 waterfront land for sale in Faribault, MN, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 559,485 square feet of properties for sale, with an estimated market value of $899,000.

Sale prices for water rights properties in Faribault, MN start at $175,000, averaging $179,800, and reaching up to $199,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Waterfront Land 5
Residential land & home lots 4
Commercial land 2
Agricultural land / Farmland 1
Industrial land 1

Demographics Overview

Population 31K
Population Growth (5Y) +2.8%
Median Household Income $70,296
College Educated 26.6%

High-Yield Neighborhoods for Investment

Identify Faribault submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
55021 $179.8K

Taxes & Financing

Tax Rate (average for all types) 2.31%
Property Tax per SF $36.07 per SF
Tax Rate vs County Average 0.12 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Rice County

New Delisted

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