USAMNFaribaultCity/faribault14 3Rd St Nw
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$1,095,000

For Sale

9 days ago

14 3Rd St Nw, Faribault, MN

House

MLS® 7135428

8 Bed

8 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Business
Levels Commercial Sale
Size -
Garage 
Taxes $6,336
Days Active 9
Lot Size 0.075 Acres
Approx. Age 1910
MLS® Number 7135428

Property Address: 14 3rd St Nw, Faribault, MN, 55021-6147

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

Description

Investment opportunity in the heart of downtown Faribault. This 9-unit mixed-use property consists of eight renovated residential apartments and one commercial space. The residential units have been extensively renovated with updated kitchens, bathrooms, flooring, and finishes, along with new electric baseboard heat, allowing residents to control and pay for their own heating costs. Additional capital improvements include a newer roof with a transferable warranty and a new fire panel. The commercial space is leased through December 2030, providing in-place income, while the eight renovated residential units are currently vacant, giving the next owner the opportunity to complete lease-up and stabilize the property. Commercial tenant pays their own gas/electric/trash/sewer/internet and is in charge of HVAC maintenance. Convenient downtown location near businesses, restaurants, and services. An opportunity to acquire a substantially improved mixed-use asset with much of the renovation and capital improvement work already completed.
MLS® Number7135428
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1910
Basement
DrivewayNone
Garage Spaces
HeatBaseboard
A/C

Extras

Building

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 31, 2026List Date
$1,095,000List Price
  • Commute

Commute

Starting Address
Destination Address
14 3Rd St Nw, Faribault, MN

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