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Property profile & analytics

20 Locust St Faribault, MN 55021

  • Warehouses
  • 6,450 SF
  • 3.01 lot acres
OFF-MARKET
Value Estimation
$825,000
Last Sale
Jan 11, 2024
$825,000
Location Intelligence
Property ID
US46-1265889
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

  • 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

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

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
$19,978
$105,300
$661,100
$766,400
-
$105,300
$661,100
$766,400
More about this property
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