112 2Nd Ave Faribault, MN 55021
- Commercial real estate
- 46,075 SF
- 2.51 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 112 2Nd Ave
- Year built
- 1880
- Lot size
- 2.51 lot acres
- Property size
- 46,075 SF
- Property type
- Commercial real estate
Description
This exceptional 2.51-acre property in the heart of Faribault, Minnesota, presents a unique investment opportunity. The site encompasses an entire city block and features three distinct buildings: a stunning 1880 Plateville Limestone church, a former schoolhouse, and a historic residence. With a combined total of 46,075 square feet of space, the property offers immense versatility and potential for redevelopment. The existing structures provide a strong foundation for a variety of uses, including educational campuses, community centers, or residential conversion projects. The property's prime location offers easy access to local amenities, schools, and transportation. On-site parking is provided with 42 available stalls. This is a rare chance to acquire a historically significant property with significant development potential in a thriving Minnesota community. The property's size and diverse building types offer a unique canvas for creative and impactful redevelopment. The combination of historical charm and prime location makes this an exceptional opportunity for a forward-thinking investor or developer. This is a truly one-of-a-kind offering.
Value Estimation
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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
- -93.27221
- Latitude
- 44.28995
