21XXX Bagley Avenue, Faribault, MN 55021

$1,900,000
Property Type: Land Lot Size (sq. ft.): 4,138,200 Status: Active
Current Price: $1,900,000 List Date: 8/14/2025 Last Modified: 5/27/2026

Overview

Description

Rare Development Opportunity – 95 Acres of Prime Land in Faribault. Uncover the potential of this exceptional 95-acre parcel perfectly positioned for development. Ideally located at the intersection of Interstate I-35, Lyndale Avenue (Highway 21), and Bagley Avenue, this property offers unparalleled visibility, access, and strategic value. With direct adjacency to Maple Lawn Park and already annexed into the city limits of Faribault, this land is development-ready with municipal services nearby. Zoned for future growth and surrounded by established infrastructure, this site is ideal for a variety of uses including residential neighborhoods, mixed-use development, commercial enterprises, or light industrial projects (subject to zoning and approvals). Proximity to major transportation corridors ensures high traffic exposure and ease of logistics, making it a compelling investment for forward-thinking developers. Don’t miss this unique opportunity to secure a large, contiguous tract ...

Listing Details MLS# 6772873

General Property Information

Comp Sale YN
No
Development
No
Lot Measurement
Acres
Multiple PIDs?
Yes
Plat Recorded
No
Waterfront YN
No
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Lot Dimensions
1x1
Acres
95
Assessment Pending
No
Association Fee
0

Property Features

Available Utilities: None Connected Development Status: Raw Land Improvements: Paved Streets; Public Road Land Inclusions: For Sale Sign Sellers Terms: Cash; Conventional Topography: Gently Rolling; Flood Plain

Contract Information

Contingency
None
Original List Price
1900000
ListPrice
1900000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
21XXX
Street Name
Bagley
Street Suffix
Avenue
Postal City
Faribault
County
Rice
State
MN
Zip Code
55021

Additional Parcels Information

Property ID #2
1836375004

Assessments

Tax With Assessments
2300
Assessment Balance
0

More Information

Builder Information

Builder Restrictions
Open

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
21
Section#
01
Township#
109

Office/Member Info

Association
SPAAR

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
See Exhibit " A" hereto attached and incorporated by reference.
Listing City
Faribault
Map Page
999
Municipality
Faribault
School District
Faribault
School District Phone
507-333-6016
Zip Plus 4
6756
Property ID Number
1801225001
Tax Year
2026
Tax Amount
2300
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Rare Development Opportunity – 95 Acres of Prime Land in Faribault. Uncover the potential of this exceptional 95-acre parcel perfectly positioned for development. Ideally located at the intersection of Interstate I-35, Lyndale Avenue (Highway 21), and Bagley Avenue, this property offers unparalleled visibility, access, and strategic value. With direct adjacency to Maple Lawn Park and already annexed into the city limits of Faribault, this land is development-ready with municipal services nearby. Zoned for future growth and surrounded by established infrastructure, this site is ideal for a variety of uses including residential neighborhoods, mixed-use development, commercial enterprises, or light industrial projects (subject to zoning and approvals). Proximity to major transportation corridors ensures high traffic exposure and ease of logistics, making it a compelling investment for forward-thinking developers. Don’t miss this unique opportunity to secure a large, contiguous tract of land in one of southern Minnesota’s fastest-growing communities. Property Identification Number 18.01.2.25.001 this parcel is zoned TUD or Transitional Urban Development District, and per Rice County is 91.40 acres. 18.36.3.75.004 is zoned R-2 and per Rice County is 3.60 acres. TUD is a flexible zoning allows for multiple potential development opportunities.
Directions
From intersection of Highway 60 West and Western Ave travel South. Property will be on East side of road.

Development Status

Raw Land
Yes

Insurance Fee

Insurance Fee
0

Restriction/Covenants

Other
Yes

Sellers Terms

Cash
Yes
Conventional
Yes

Topography

Gently Rolling
Yes
Flood Plain
Yes

Available Utilities

None Connected
Yes

Improvements

Paved Streets
Yes
Public Road
Yes

Land Inclusions

For Sale Sign
Yes
IDX
Listing Office: Edina Realty, Inc.
Last Updated: May - 27 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

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