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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.
Property Features
Property Type: Commercial - Business
Cooling: Central Air
Fuel Type: Natural Gas
Garage: 1
Heating: Forced Air
Lot Size: 0.16 Acres
Taxes: $6,284
Year Built: 1910
Feature Descriptions
Current Use: Vacant
Days on Site: 352
Foundation Size: 1920
Handicap Accessible: Doors 36+, Fully Wheelchair, Grab Bars In Bathroom
Lot Dimensions: 1x1
Parcel#: 1831126170
Parking: Attached Garage
Road Frontage: City Street
Sale Includes: Building
Sewer: City Sewer/Connected
Units: 2
Utilities: Electric Separate, Heating Separate
Water: City Water/Connected
Local Schools
School District: Faribault
Listed By / Shown By
Listed By
Agency Name: Edina Realty, Inc.
Agency Phone: 507-334-1695
Shown By
Agency Title: Counselor Realty - Alexandria
Agency Phone: (320) 762-1111
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508 Central Avenue N | MLS# 6787785
This commercial property located at 508 Central Avenue N, Faribault, MN 55021 is currently listed for sale with an asking price of $369,000. Central Avenue N is located within the Faribault school district. Search Faribault real estate on www.counselorrealtyalex.com today.