21XXX Bagley Avenue, Faribault, MN 55021

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 ... (Read more)

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