REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 399,000
Est. payment /mo
New
508 Central AVE N Faribault, MN 55021
6,969 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision City/Faribault
MLS Listing ID 6787785
Year Built 1910
Annual Tax Amount $5,706
Tax Year 2025
Contingent None
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 1x1
Property Description
Prime Downtown Faribault Commercial Opportunity. Situated in the heart of downtown Faribault, this versatile commercial property offers exceptional potential. Formerly operating as a restaurant, the main level is currently vacant and ready for a new business venture. Above the commercial space is a fully leased apartment, providing steady rental income or the option for owner occupancy. Zoned Central Business District (CBD), this property allows for a wide range of uses including retail, financial services, office space, personal services, and entertainment. Residential units are also permitted as an accessory use when located above a first-floor commercial use. Whether you're looking to launch a new business, transition your food truck into a brick-and-mortar location, or invest in a mixed-use property, this is a rare opportunity with unlimited potential.
Location
State MN
County Rice
Zoning Business/Commercial
Interior
Heating Forced Air
Cooling Central Air
Inclusions Building
Fireplace No
Exterior
Parking Features Attached Garage
Garage Spaces 1.0
Utilities Available Electric Separate, Heating Separate
Present Use Vacant
Building
Foundation 1920
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Brick/Stone
Schools
School District Faribault
Listed by Katherine Kalow • Edina Realty, Inc.
