Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 1233 Mn-60
- Year built
- 1970
- Lot size
- 0.71 lot acres
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This exceptional 5,625-square-foot medical office building, located at 1233 Highway 60 in Faribault, Minnesota, presents a compelling investment opportunity. Built in 1970 and extensively renovated in 2023, the property boasts a single-story design situated on a 0.709-acre lot. The building is zoned C-2 - Highway Commercial, offering excellent visibility and accessibility from Highway 60 and its proximity to Lyndale Avenue. Currently occupied by Brighton Hospice under a 15-year triple net lease, this property provides a stable, long-term income stream. The asking price is $1,600,000, translating to a price per square foot of $284.44. The property's location in Rice County, with its zip code 55021, offers convenient access to a thriving community. The property features one building and is identified by APN 18-36-1-50-001. This is a rare opportunity to acquire a well-maintained, recently renovated medical office building in a desirable location with a strong tenant in place. The property's strategic location and long-term lease make it an attractive investment for discerning buyers seeking a stable and profitable asset. Further details are available upon request.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Faribault
- County
- Rice
- State
- Minnesota
- Longitude
- -93.2878
- Latitude
- 44.294
