$399,000

508 Central Avenue N, Faribault, MN 55021

  • 3,300 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1910
  • Property Lot Size Icon6,970sqft lot
  • Property Parking Icon 1 car garage
  • Property Price Per Square Feet Icon $121/sqft
  • Property List Date Icon Listed 2 months ago

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.

Listing Status:
Active
Listing Office:
Edina Realty, Inc. : 507-334-1695
MLS ID:
6787785
  • A/C: Central Air
  • Heating: Forced Air
  • Parking: Attached Garage
  • Road/Access: City Street
  • Originating MLS: northstar
  • School District: Faribault
  • County: Rice
  • Zoning: 1831126170
  • Current Use: Vacant
  • Utilities: Electric SeparateHeating Separate
  • Water: City Water/Connected
  • Sewer: City Sewer/Connected
  • Source: northstar

This listing courtesy of Edina Realty, Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

R

Roosevelt Elementary School

925 Parshall St, Faribault, MN, 55021

Grades PK-5

0.82 miles away

F

Faribault Day School Area Learning Center

2855 1st Ave NW, Faribault, MN, 55021

Grades 6-8

1.69 miles away

F

Faribault Senior High School

330 9th Ave SW, Faribault, MN, 55021

Grades 9-12

1.05 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.