222 3Rd Ave NW, Faribault, MN 55021
For Sale
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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 access. This level includes three offices, expansive gathering spaces complete with a fireplace, a gymnasium equipped with a performance stage, a dedicated meeting room, and a fully functional kitchen featuring ovens, sinks, a dishwasher, freezer, microwave, and refrigerator. The second floor mirrors the functionality of the main level, offering another full kitchen, a meeting room, three additional offices, and a large gathering area providing a commanding view of the gymnasium below. The lower level adds further versatility with a third full kitchen, a recreational room, utility hookups, and convenient outside egress. This property's substantial size, multiple kitchens, and flexible floor plan make it ideal for a variety of commercial ventures, from community centers and event spaces to office complexes and mixed-use developments. The 0.23-acre lot provides ample space for outdoor activities or potential expansion. Don't miss this chance to acquire a landmark property in a thriving downtown area. Priced at $595,000.
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Congregational Church Church
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.