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    Property profile & analytics

    728 Central Ave Faribault, MN 55021

    • Gas stations
    • 1,268 SF
    • 0.12 lot acres
    For Sale
    View listing
    $199,900
    Value Estimation
    Last Sale
    May 06, 2025
    $185,000
    Location Intelligence
    Property ID
    US46-1332713
    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

    • Vintage Auto & Gas / Gas Station / Tire Shop

    Property Details for 728 Central Ave

    Year built
    1952
    Lot size
    0.12 lot acres
    Property size
    1,268 SF
    Property type
    Gas stations
    APN
    18.30.4.51.052
    APU
    1830451052

    Description

    This 1,268 sq ft commercial property at 728 Central Avenue N, Faribault, MN, presents a unique investment opportunity. Situated on a 0.12-acre corner lot, this solid concrete building boasts a recently installed (2024) rubber roof and heated floors. Previously operating as a full-service gas station, "Vintage Auto and Gas," the property includes two service bays equipped with an air compressor, tire changer, tire balancer, and a new lift. Two gas pumps are in place, and the underground tanks have recently passed inspection and are compliant with all regulations. The building also features a showroom/retail space, offering versatile potential for a variety of businesses. Imagine transforming this space into a motorcycle shop, boutique, coffee shop, or other retail establishment. While recently closed, the existing infrastructure makes reopening as a gas station straightforward. The property's location and existing features provide a strong foundation for a thriving business venture. The asking price is $199,900. This is a rare chance to acquire a well-maintained commercial property with significant upside potential in a desirable location. Don't miss this opportunity to own a piece of Faribault's commercial landscape.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $165,000

    • CAP approach

      CAP return
      Estimation
      6%
      $155,000
      6.5%
      $160,000
      7%
      $160,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $145,000
      Geo Method
      $130,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $155,000
      Retail
      $155,000
      Mixed-Use
      $165,000
      Hospitality
      $200,000
      Educational
      $150,000
      Residential Income
      $180,000
      Energy
      $155,000
      Income-Based Land
      $175,000
      Food Service
      $145,000

    Location Insight

    • Map
    • Local Demand
    City
    Faribault
    County
    Rice
    State
    Minnesota
    Longitude
    -93.2688
    Latitude
    44.2991
    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
    $1,820
    $42,200
    $63,000
    $105,200
    -
    $42,200
    $63,000
    $105,200

    Comparable in this City

    • Value Estimation
      $350,000
      1,470 SF

      628 Central N Ave

      SERVICE STATION (FULL SERVICE) • 1,470 SF
      628 Central N Ave, Faribault, MN 55021-4308
      View Details
    • Value Estimation
      $220,000
      1,601 SF

      505 Central N Ave

      SERVICE STATION (FULL SERVICE) • 1,601 SF
      505 Central N Ave, Faribault, MN 55021-4322
      View Details
    • Value Estimation by Request
      888 SF

      3040 Hwy 60th W

      VEHICLE SALES, RENTALS • 888 SF
      3040 Hwy 60th W, Faribault, MN 55021-7899
      View Details
    • Value Estimation
      $360,000
      6,732 SF

      103 20th NW St

      AUTO REPAIR, GARAGE • 6,732 SF
      103 20th NW St, Faribault, MN 55021-3047
      View Details
    • Value Estimation by Request
      8,352 SF

      3800 Park NW Ave

      VEHICLE SALES, RENTALS • 8,352 SF
      3800 Park NW Ave, Faribault, MN 55021-9220
      View Details
    • Value Estimation
      $435,000
      10,400 SF

      190 20th NW Ave

      AUTO REPAIR, GARAGE • 10,400 SF
      190 20th NW Ave, Faribault, MN 55021-4858
      View Details

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      Historic gem in Faribault's vibrant downtown, overflowing with potential.
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    728 Central Ave
    Faribault, MN 55021
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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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