USAMNFaribaultCity/faribault12 3Rd St Ne
12 3 Rd St Ne, Home with 0 bedrooms, 0 bathrooms and null parking in Faribault MN | Image 1
12 3 Rd St Ne, Home with 0 bedrooms, 0 bathrooms and null parking in Faribault MN | Image 2
12 3 Rd St Ne, Home with 0 bedrooms, 0 bathrooms and null parking in Faribault MN | Image 3
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$319,000

Added 3 months ago

12 3 Rd St Ne, Faribault, MN

Real Estate

For Sale

Listed price in listed location currency (USD).
$319,000

Added 3 months ago

00-0
  • Key Facts
  • Description
  • Map

Key Facts

Type Business
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $7,984
Days Active 92
Approx. Age 1920
MLS® Number 6704864

Property Address: 12 3 Rd St Ne, Faribault, Minnesota

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
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatForced Air
A/CCentral Air
Heating Fuel

Extras

Building
12 3 Rd St Ne, Faribault, MN

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