508 Central Avenue N, Faribault, MN

$399,000

3,300

Square feet

0.16

Acres

About 508 Central Avenue N

Prime Downtown Faribault Commercial Opportunity. Situated in the heart of downtown Faribault, this versatile commercial property offers exceptional potential. Formerly operating as a restaurant, the main level is currently vacant and ready for a new business venture. Above the commercial space is a fully leased apartment, providing steady rental income or the option for owner occupancy. Zoned Central Business District (CBD), this property allows for a wide range of uses including retail, financial services, office space, personal services, and entertainment. Residential units are also permitted as an accessory use when located above a first-floor commercial use. Whether you're looking to launch a new business, transition your food truck into a brick-and-mortar location, or invest in a mixed-use property, this is a rare opportunity with unlimited potential.

Features of 508 Central Avenue N

MLS® # 6787785
Price $399,000
Square Footage 3,300
Acres 0.16
Year Built 1910
Type Commercial
Status Active
Contingency Type None

Community Information

Address 508 Central Avenue N
Subdivision City/Faribault
City Faribault
County Rice
State MN
Zip Code 55021

Amenities

# of Garages 1
Garages Attached Garage
Is Waterfront No
Has Pool No

Interior

Heating Forced Air
Cooling Central Air
Fireplace No
Has Basement No

Exterior

Construction Brick/Stone

School Information

District Faribault

Additional Information

Zoning Business/Commercial
Foreclosure No
Short Sale No
Taxes $5,706
Tax Year 2025
Office Edina Realty, Inc.

Listing Details

OfficeEdina Realty, Inc.

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