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    Property profile & analytics

    1405 Hwy 60th W Faribault, MN 55021-4956

    • Grocery and convenience stores
    • 4,472 SF
    • 1.11 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US46-1189538
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 1405 Hwy 60th W

    Year built
    2004
    Lot size
    1.11 lot acres
    Property size
    4,472 SF
    Property type
    Grocery and convenience stores
    APN
    18.36.1.51.001
    APU
    1836151001

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Faribault
    County
    Rice
    State
    Minnesota
    Longitude
    -93.289
    Latitude
    44.294
    CBSA code
    22060
    CBSA name
    FARIBAULT-NORTHFIELD, MN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $24,622
    $435,800
    $517,100
    $952,900
    -
    $435,800
    $517,100
    $952,900

    Comparable in this City

    • Value Estimation by Request
      1,426 SF

      1920 Grant NW St

      CONVENIENCE STORE • 1,426 SF
      1920 Grant NW St, Faribault, MN 55021-4831
      View Details
    • Value Estimation
      $340,000
      1,760 SF

      15090 Shieldsville Blvd

      CONVENIENCE STORE • 1,760 SF
      15090 Shieldsville Blvd, Faribault, MN 55021-7491
      View Details
    • Value Estimation
      $375,000
      2,380 SF

      1112 2nd NW Ave

      CONVENIENCE STORE • 2,380 SF
      1112 2nd NW Ave, Faribault, MN 55021-3716
      View Details
    • Value Estimation
      $265,000
      1,909 SF

      1419 Division W St

      CONVENIENCE STORE • 1,909 SF
      1419 Division W St, Faribault, MN 55021-5710
      View Details
    • Value Estimation by Request
      9,154 SF

      1955 2nd NW Ave

      CONVENIENCE STORE • 9,154 SF
      1955 2nd NW Ave, Faribault, MN 55021-3012
      View Details
    • Value Estimation by Request
      23,580 SF

      430 2nd NW Ave

      GROCERY, SUPERMARKET • 23,580 SF
      430 2nd NW Ave, Faribault, MN 55021-5142
      View Details

    Similar Nearby for Sale

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      0.25 Acres

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      Mixed-use property with commercial spaces and residential potential in Faribault.
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      Iconic Downtown Building: Blank Slate

      Historic building in Faribault's Main Street, ready for vision.
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      Iconic Corner Building on Central Avenue

      Historic gem in Faribault's vibrant downtown, overflowing with potential.
      329 Central Ave N, Faribault, MN 55021
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    • $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
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    • $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
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    • $399,000

      Faribault Mixed-Use Investment Opportunity

      Mixed-use property in downtown Faribault with income and development potential.
      14/16 3Rd St NE, Faribault, MN 55021
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    Similar Nearby for Lease

    • Contact for pricing
      934 SF

      Retail Space in Faribault, MN

      Retail space available in Faribault, Minnesota with ample parking.
      300 Western Ave, Faribault, MN 55021
      View Details
    • Contact for pricing
      208,000 SF

      Faribault Industrial Park Land

      59 acre industrial park land available for lease.
      170Th St W, Faribault, MN 55021
      View Details
    • $14,400 /Mo
      15,660 SF

      Faribault Industrial Warehouse Space

      15,660 SF Warehouse, Office Space Available
      2800 1St Ave, Faribault, MN 55021
      View Details
    • $4 SF/Yr
      30,000 SF

      Faribault Warehouse Space Available

      30,000 square foot warehouse space for rent in Faribault.
      128 15Th St NW, Faribault, MN 55021
      View Details

    Property Visit Statistics

    • Visits by month
      83.0k
    • Visitors by month
      37.1k
    • Avg Time on site
      7 min
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    1405 Hwy 60th W
    Faribault, MN 55021-4956
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    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
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