14 163rd St E, Faribault, MN

Name: 14 163 Rd St E, Sold in Faribault - eXp Realty
Brand: EXP REALTY
SKU: 6727765
Price: 399000 USD

Real Estate

Sold

Listed price in listed location currency (USD).

$350,000

$399,000

000

MLS® 6727765

Key Facts
Description
Map

Key Facts

Type Business

Levels Commercial Sale

Size -

Garage No

HOA Fees

Taxes $7,772

Approx. Age 1920

MLS® Number 6727765

Property Address: 14 163rd St E, Faribault, MN, 55021

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

Description

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!

MLS® Number6727765

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, Leases

Similar Listings

Price History

Dec 18, 2025End Date

$350,000Sold Price

Sold

Jun 3, 2025List Date

$399,000List Price

Commute

Commute

Starting Address

Destination Address

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