14/16 3rd Street NE, Faribault, MN 55021
sale
$399,000
|
Other
Courtesy Of EXP REALTY
Downtown Faribault Investment Opportunity Mixed-Use Property with Income & Upside!
Discover this exceptional investment opportunity in the vibrant heart of downtown Faribault an emerging destination just 35 minutes south of the Twin Cities with direct access to I-35. Positioned in a high-visibility location within one of Southern Minnesota s fastest-growing small-town markets, this mixed-use building offers both immediate cash flow and long-term development potential.
The main level features two commercial storefronts, currently under a strong two-year lease with a single tenant delivering stable, turn-key income from day one. Whether you're an investor seeking reliable returns, a contractor with vision, or an entrepreneur looking for your next venture, this property offers the flexibility to meet a variety of goals.
The upper level presents a blank canvas with immense potential. With the right renovation, it could be transformed into a large two-bedroom unit plus additional one-bedroom or studio apartments perfect for tapping into the area s rising rental demand. Zoned and situated to support mixed-use development, the property is ideal for anyone looking to contribute to Faribault s dynamic downtown revitalization.
The building is currently undergoing a parcel split, which will be completed prior to closing, ensuring a smooth path forward for the next owner. Just steps from the new Viaduct Park development an exciting public space featuring splash pads, a winter ice rink, and future family-friendly attractions this location is surrounded by popular restaurants, retail shops, and ongoing community enhancements.
Whether you're growing your investment portfolio, launching a new business, or reimagining the space for residential income, this is a rare opportunity to plant roots in a town on the rise. Properties with this kind of potential and prime location don t come around often.
Schedule your showing today and explore the possibilities!
Discover this exceptional investment opportunity in the vibrant heart of downtown Faribault an emerging destination just 35 minutes south of the Twin Cities with direct access to I-35. Positioned in a high-visibility location within one of Southern Minnesota s fastest-growing small-town markets, this mixed-use building offers both immediate cash flow and long-term development potential.
The main level features two commercial storefronts, currently under a strong two-year lease with a single tenant delivering stable, turn-key income from day one. Whether you're an investor seeking reliable returns, a contractor with vision, or an entrepreneur looking for your next venture, this property offers the flexibility to meet a variety of goals.
The upper level presents a blank canvas with immense potential. With the right renovation, it could be transformed into a large two-bedroom unit plus additional one-bedroom or studio apartments perfect for tapping into the area s rising rental demand. Zoned and situated to support mixed-use development, the property is ideal for anyone looking to contribute to Faribault s dynamic downtown revitalization.
The building is currently undergoing a parcel split, which will be completed prior to closing, ensuring a smooth path forward for the next owner. Just steps from the new Viaduct Park development an exciting public space featuring splash pads, a winter ice rink, and future family-friendly attractions this location is surrounded by popular restaurants, retail shops, and ongoing community enhancements.
Whether you're growing your investment portfolio, launching a new business, or reimagining the space for residential income, this is a rare opportunity to plant roots in a town on the rise. Properties with this kind of potential and prime location don t come around often.
Schedule your showing today and explore the possibilities!
Read More About This Property
Read Less About This Property
Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Heating System: Hot Water (Heating)
- Legal Description: To be determined after parcel split is complete.
- MLSID: 6727765
Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
