20 Locust St Faribault, MN 55021
- Warehouses
- 6,450 SF
- 3.01 lot acres
Current Use by Public Records
- Faribault Storage - Locust / Self-Storage Facility
- A & J Self Storage / Storage Facility
Property Details for 20 Locust St
- Year built
- 2017
- Lot size
- 3.01 lot acres
- Property size
- 6,450 SF
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 18.31.4.26.151
- APU
- 1831426151
Description
This exceptional 264-square-foot office space is ideally situated just blocks from downtown Faribault. Recently renovated, this single-tenant property boasts a wealth of modern amenities designed for optimal comfort and productivity. The space features brand new flooring and fresh paint throughout, creating a bright and inviting atmosphere. Climate control is ensured with a combination of window air conditioning for cooling and in-floor heating for warmth, providing year-round comfort. Privacy is paramount with a newly remodeled private bathroom included within the suite. Furthermore, the building benefits from facility-wide security monitoring, offering peace of mind for tenants. This is a perfect solution for a small business or individual professional seeking a well-appointed, conveniently located office space. The property is offered as a single-tenant occupancy, providing exclusive use and control of the space. Interested parties should contact the provided number for rental information. This move-in ready office presents a fantastic opportunity to establish a professional presence in a vibrant downtown location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $825,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $855,000
- 6.5%
- $835,000
- 7%
- $845,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $810,000
- Geo Method
- $850,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $675,000
- Retail
- $835,000
- Mixed-Use
- $790,000
- Hospitality
- $910,000
- Educational
- $740,000
- Residential Income
- $910,000
- Energy
- $770,000
- Income-Based Land
- $895,000
- Food Service
- $720,000
Location Insight
- Map
- Local Demand
- City
- Faribault
- County
- Rice
- State
- Minnesota
- Longitude
- -93.2663
- Latitude
- 44.2874
- CBSA code
- 22060
- CBSA name
- FARIBAULT-NORTHFIELD, MN MICROPOLITAN STATISTICAL AREA