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Faribault, MN 55021

$1,550,000
Property Type: Commercial Lot Size (sq. ft.): 24,829 Status: Closed
Current Price: $1,550,000 List Date: 11/07/2025 Last Modified: 3/17/2026

Overview

Description

Great investment opportunity! Don’t miss this chance to own a high-visibility professional office building located in the heart of Faribault. This well-maintained property features multiple long-term tenants, including a long-term government lease providing stable, reliable income. Positioned along busy Highway 60, the property benefits from strong traffic counts and excellent visibility—perfect for continued tenant retention and future growth.

Listing Details MLS# 6815435

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
28
Waterfront YN
No
Year Built
2008
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
7798
For Sale or Lease
For Sale
Acres
0.57
Lot Dimensions
155x165
Garage Stalls
0

Property Features

Accessible: None CMU Style: Office Construction Status: Previously Owned Current Use: Office; Professional Service Exterior: Brick/Stone; Stucco Financing Terms: Conventional Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air On Site Utilities: Electric Common; Heating Common Parking Characteristics: Paved Lot Sewer: City Sewer/Connected Water: City Water - In Street

Contract Information

Off Market Date
2026-02-05
Closed Date
2026-03-16
Sales Close Price
1550000
Contingency
None
ListPrice
1895000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

Postal City
Faribault
County
Rice
State
MN
Zip Code
55021

Assessments

Tax With Assessments
31550
Assessment Balance
0

Building Information

Building Finished SqFt
7798

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Sale Options

Sale Includes
Building

Unit Details

Total Units
3

Office/Member Info

Association
SPAAR

Location, Tax and Other Information

Legal Description
L9 & 10 TOG/WI E21FT L8 B38 ORIG TOWN FARIBAULT
Listing City
Faribault
Map Page
999
Municipality
Faribault
School District
Faribault
School District Phone
507-333-6016
Zip Plus 4
5031
Property ID Number
1831126573
Tax Year
2025
Tax Amount
31550
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Great investment opportunity! Don’t miss this chance to own a high-visibility professional office building located in the heart of Faribault. This well-maintained property features multiple long-term tenants, including a long-term government lease providing stable, reliable income. Positioned along busy Highway 60, the property benefits from strong traffic counts and excellent visibility—perfect for continued tenant retention and future growth.
Directions
From Interstate 35 go east on Hwy 60/ 4th Street W

Accessible

None
Yes

Construction Status

Previously Owned
Yes

Exterior

Brick/Stone
Yes
Stucco
Yes

Financing Terms

Conventional
Yes

Foundation

Concrete Block
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Parking Characteristics

Paved Lot
Yes

Sewer

City Sewer/Connected
Yes

Water

City Water - In Street
Yes

On Site Utilities

Electric Common
Yes
Heating Common
Yes

CMU Style

Office
Yes

Current Use

Office
Yes
Professional Service
Yes
IDX
Listing Office: MDC Real Estate Services
Last Updated: March - 17 - 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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