213 Central Ave N, Faribault, MN

Name: 213 Central Ave N, For Sale in Faribault - eXp Realty
Brand: eXp Realty
SKU: 7115327
Price: 409000 USD

House

For Sale

Listed price in listed location currency (USD).

$409,000

001

MLS® 7115327

Key Facts
Description
Map

Key Facts

Type Business

Levels Commercial Sale

Size -

Garage Yes

Taxes $5,972

Days Active 3

Lot Size 0.08 Acres

Approx. Age 1910

MLS® Number 7115327

Property Address: 213 Central Ave N, Faribault, MN, 55021-5212

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

Description

Investment opportunity meets historic downtown charm! This beautifully maintained mixed-use building offers the rare combination of immediate income, exceptional condition, and long-term flexibility in the heart of Faribault's thriving downtown district. With a well-established commercial tenant occupying the fully renovated main level and two beautifully updated, fully furnished, charming & well-kept apartments above (one 1-bedroom and one 2-bedroom), this is the kind of turnkey investment that's becoming increasingly difficult to find. Whether you're looking to expand your investment portfolio, operate a successful short- or mid-term rental business, or enjoy owner-occupancy while offsetting your expenses with rental income, this property offers incredible versatility. The current owner has poured years of care, thoughtful improvements, and significant investment into the building, creating a property that's ready for its next chapter-allowing you to step in and immediately enjoy the rewards. One of the standout features is the full basement with a rare tuck-under garage and overhead door, an amenity seldom found in historic downtown buildings. The lower level provides abundant storage and has even served as a private workout room and retreat for a previous commercial occupant, offering endless possibilities for future use. The main-floor commercial space has been extensively renovated, including an ADA-accessible restroom, creating a welcoming and functional environment for today's businesses. Upstairs, the apartments blend historic character with modern finishes, offering stylish, move-in-ready living spaces that appeal to both long- and short-term tenants. Located on one of Faribault's most vibrant downtown blocks, you'll be surrounded by locally loved shops, restaurants, coffee houses, and entertainment, all within walking distance. The property's proximity to popular destinations like the area's wedding venues and Shattuck-St. Mary's creates strong demand for quality housing and rental opportunities year-round. Properties like this don't come along often, a lovingly restored, income-producing downtown building with multiple revenue streams, exceptional updates, and endless possibilities for both investors and owner-occupants. Come experience the charm, opportunity, and potential this remarkable property has to offer.

MLS® Number7115327

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age1910

BasementFull, Shared Access, Storage Space

DrivewayAttached Garage, Storage, Tuckunder Garage

Garage Spaces

HeatBoiler

A/C

Extras

Building, Other

Price History

-End Date

Not Sold YetSold Price

For Sale

Jul 28, 2026List Date

$409,000List Price

Commute

Commute

Starting Address

Destination Address

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Listing Agent

Hailey M. Warner

[email protected]

(507) 210-1625

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