, Faribault, MN 55021 (MLS# 6710180)

Overview

Description

The Depot Bar and Grill in Faribault has long been a Minnesota staple—a top-tier restaurant and destination location known for its high-quality prepared dishes, daily specials, and welcoming atmosphere. Great for business meetings, events, and for family and friend gatherings alike. After 35 years under the same ownership, this iconic dining destination includes real estate & business sale - now available for the next chapter and new owner to carry this legacy establishment forward. Housed in the historic Depot train station in downtown Faribault, this landmark restaurant blends rich local history, ambiance galore and legacy culinary excellence. Owned/operated by a classically trained chef, The Depot is beloved for its warm ambiance and excellent reputation as the perfect place for celebrations & gathering, offering a unique dining experience bringing the past to life.

General Property Information

Lot Measurement: Square Feet
Multiple PIDs?: No
Other Parking Spaces: 80
Year Built: 1900
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Lot Size SqFt: 2
Foundation Size: 6642
Power Company: Xcel Energy
For Sale or Lease: For Sale
Lot Dimensions: 349.5x134
Assessment Pending: Unknown

Property Features

Accessible: Doors 36"+; Fully Wheelchair; Roll Under Accessibility; Wheelchair Ramp; Other Air Conditioning: Central Air; Dual Amenities Unit: Hardwood Floors; Natural Woodwork; Patio; Security System; Tile Floors; Vaulted Ceiling(s); Wet Bar Appliances: Cooktop; Dishwasher; Fuel Tank - Owned; Indoor Grill; Microwave; Range; Refrigerator; Wine Cooler; Other Assumable Loan: Not Assumable Basement: Owner Access; Stone; Unfinished; Other CMU Style: Business Opportunity; Freestanding; Single Occupancy Commercial Kitchen Appliances: Cookware/Utensils; Dishwasher; Freezer; Fryer; Grill; Ice Machine; Other; Oven; Prep Station; Refrigerator; Shelving and Racks; Walk-In Cooler/Freezer; Warming Table Construction Materials: Block; Frame; Other Construction Status: Previously Owned Current Use: Restaurant Existing Financing: Free and Clear Exterior: Brick/Stone; Engineered Wood; Fiber Board Fencing: Split Rail; Other Financing Terms: Conventional Flooring: Engineered Wood; Heavy Duty; Tile; Wood Foundation: Stone; Other Fuel: Natural Gas Heating: Boiler Internet Options: Cable; Fiber Optic Loan Terms: Cash; Conventional; Other Location Description: Downtown; Free Standing Lock Box Type: None Lot Description: Irregular Lot; Tree Coverage - Medium; Underground Utilities Miscellaneous Information: 2+ Lavatories; 220 Volt; Alarms; Building Sign; Exterior Lighting; Kitchen Facilities; Out Buildings; Three Phase On Site Utilities: Electric Common Overhead Door Clearance: 0-9 Feet Owner Pays: All Utilities; Cable TV; Electricity; Fuel; Gas; Grounds Care; Heat; Hot Water; HVAC Maintenance; Insurance; Janitorial Service; Janitorial Service; Maintenance/Repair; Management; Repairs Parking Characteristics: Parking Lot; Off Site; Paved Lot; Uncovered/Open Pool Description: None Potential Use: Lounge/Bar; Restaurant Road Frontage: City Street; Curbs; Paved Streets; Storm Sewer Road Responsibility: Private Maintained Road; Public Maintained Road Roof: Age 8 Years or Less; Asphalt Shingles; Pitched Sewer: City Sewer - In Street; City Sewer/Connected Shared Rooms: Amusement/Party Room Stories: Two Topography: Flood Plain; Level Wall Description: Other/See Remarks Water: City Water/Connected; Private Window Features: Double Pane Windows; Insulated Windows

Contract Information

Off Market Date: 2025-11-11
Closed Date: 2025-11-10
Sales Close Price: 1750000
Contingency: None
ListPrice: 2500000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

Postal City: Faribault
County: Rice
State: MN
Zip Code: 55021
Complex/Dev/Subdivision: Heritage Park

Basement

Foundation Dimensions: 123x54

Building Information

Building Finished SqFt: 4892
Building SqFt: 6028
Ceiling Height: Varied Heights

More Information

Income and Expenses

Annual Caretaker Expense: Yes
Annual Electric Expense: Yes
Annual Fuel Expense: Yes
Annual Gross Expenses: Yes
Annual Gross Income: Yes
Annual Insurance Expense: Yes
Annual Maintenance Expense: Yes
Annual Net Income: Yes
Annual Repair Expense: Yes
Annual Trash Expense: Yes
Annual Water/Sewer Expense: Yes
Total Annual Expenses: Yes

Lease Details

Land Leased: Not Applicable

Lock Box Type

Lock Box Source: SPAAR

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Sale Options

Sale Includes: Building, Business Assets, Business, Fixture/Equipment, Inventory, Land, Liquor License

Unit Details

Total Units: Yes

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