222 3Rd Ave NW Faribault, MN 55021
Property profile & analytics
222 3Rd Ave NW Faribault, MN 55021
- Office Spaces
- 3,184 SF
- 0.23 lot acres
Property ID
US46-1242994
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.
Location Intelligence
Current Use by Public Records
- Congregational Church / Church
Property Details for 222 3Rd Ave NW
- Year built
- 1926
- Lot size
- 0.23 lot acres
- Property size
- 3,184 SF
- Property type
- Office Spaces
- APN
- 18.31.1.26.367
- APU
- 1831126367
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Faribault
- County
- Rice
- State
- Minnesota
- Longitude
- -93.2734
- Latitude
- 44.2933
- 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
$384
$65,900
$930,000
$995,900
-
$65,900
$930,000
$995,900
