USAMNFaribaultCity/faribault12 3Rd St Ne

12 3rd St Ne, Faribault, MN

Name: 12 3 Rd St Ne, For Sale in Faribault - Zoocasa
Brand: EXP REALTY
SKU: 6704864
Price: 319000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$319,000

000

MLS® 6704864

Key Facts
Description
Map

Key Facts

Type Business

Levels Commercial Sale

Size -

Garage No

Maintenance Fees

Taxes $7,984

Days Active 247

Approx. Age 1920

MLS® Number 6704864

Property Address: 12 3rd St Ne, Faribault, MN, 55021-5205

Average square foot calculated using Size range provided by listing agent.

Description

Check out this prime mixed-use opportunity in the heart of downtown Faribault! Unlock the potential of this versatile downtown gem, perfectly positioned in one of Southern Minnesota’s most up-and-coming small towns-just 35 minutes south of the Twin Cities, right off Interstate 35. This mixed-use building offers two main-level commercial spaces. One unit is currently leased with a solid two-year agreement in place, providing immediate income. The second storefront is move-in ready: ideal for an owner-occupant or an easy addition to your investment portfolio. With great foot traffic and charming curb appeal, this space is perfect for a boutique, ice cream shop, yoga/exercise studio, or other small business ventures. Investors, Contractors, Entrepreneurs-this one's for you! Upstairs, the opportunities are endless. With some renovation, the upper level can be restored to its original residential layout, with potential for three studio or one-bedroom apartments, or reconfigured for larger units to meet growing rental demand in the area. The property is currently undergoing a parcel split, which will be completed prior to closing. A shared wall agreement and access to shared water/sewer lines with adjacent parcels will be included. Seller will also install a separation wall upstairs to define private apartment space on the west side. Location, Location, Location! Just steps from the exciting new Viaduct Park development: featuring splash pads, an ice rink, and future attractions & features aimed to increase tourism and local activity. Surrounded by popular restaurants, shops, and ongoing downtown revitalization, this is your chance to plant roots in a community on the rise. Whether you're expanding your business, growing your investment portfolio, or dreaming up your next big idea-this is the kind of opportunity that doesn’t come around often. Schedule your showing today and claim your piece of Faribault’s future!

MLS® Number6704864

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1920

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Building

Similar Listings

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 24, 2025List Date

$319,000List Price

Commute

Commute

Starting Address

Destination Address

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