Financial
Distress signals
Property profile

222 3rd NW Ave Faribault, MN 55021

OFF-MARKET
Office Spaces
Property ID
US46-1242994
3,184 SF 0.23 ac lot Built 1926
Last sale Apr 2024 · $450,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 11,596 square foot, all-brick commercial building presents a rare opportunity in the heart of Faribault, Minnesota. Situated just one block from city and county government buildings, this historic property boasts a prime downtown location with immense potential for diverse uses. The building features updated windows and a newer roof, ensuring both aesthetic appeal and structural integrity. Accessibility is a key feature, with the main level offering convenient, stair-free

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$384
Tax billed · 2024
Assessed value$996k
Assessed land$66k
Assessed improvement$930k
Effective rate0.04%

Value estimate

· Sep 2026
$450k
$405k – $495k
AI approach$450k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$162/SF
County average, outlier-cleaned · 29 recorded sales of this use type
Observed band · Q1–Q3$128 – $259
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionRICE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency17.1
Dental Office14.4
Parking Facility12.4

Location

222 3rd NW Ave Faribault, MN 55021-5119
County assessor Recorded deeds · 1 transfer 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 8 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3305 Hwy 60th W, Faribault, MN 55021-4869 $1,344,024 Feb 2024 2,075 SF
2209 Bard, Faribault, MN 55021-9235 $750,000 Feb 2024 5,185 SF
2301 4th NW, Faribault, MN 55021-5653 $425,000 Jan 2024 3,198 SF
1208 4th NW, Faribault, MN 55021-4933 $220,000 Sep 2023 2,211 SF
215 Western NW, Faribault, MN 55021-4501 $214,564 May 2023 2,916 SF
1900 Cardinal, Faribault, MN 55021-7384 $600,000 Apr 2019 5,375 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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