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 |
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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 |
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Subdivision | City/Faribault |
City | Faribault |
County | Rice |
State | MN |
Zip Code | 55021 |
Amenities
# of Garages | 1 |
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Garages | Attached Garage |
Is Waterfront | No |
Has Pool | No |
Interior
Heating | Forced Air |
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Cooling | Central Air |
Fireplace | No |
Has Basement | No |
Exterior
Construction | Brick/Stone |
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School Information
District | Faribault |
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Additional Information
Zoning | Business/Commercial |
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Foreclosure | No |
Short Sale | No |
Taxes | $5,706 |
Tax Year | 2025 |
Office | Edina Realty, Inc. |
Listing Details
Office | Edina Realty, Inc. |
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