Faribault, MN Commercial Property for Sale (8 Real Estate Listings)
Faribault, MN Real Estate Statistics
| Average Price | $403K |
|---|---|
| Lowest Price | $4 |
| Highest Price | $1.8M |
| Total Listings | 113 |
| Avg. Price/SQFT | $198 |
Property Types (active listings)
As of December 13, 2024 there are 8 active Faribault, MN commercial real estate listings for sale with an average listing price of $195,053. The highest-priced commercial property listing is $590,000, while the lowest priced commercial property can be purchased for $4. Faribault, MN Commercial properties for sale have an average price of $95 per square foot, based on commercial listings with an average of bedrooms, bathrooms, and 48,257 square feet of living space.
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Faribault, MN Commercial Real Estate & Properties
If you're looking for commercial real estate in Faribault, Minnesota, you've come to the right place. Here at our agency, we specialize in helping businesses find the perfect property for their needs.
No matter your business type, we'll work with you to find a property that meets your requirements and budget. We have various commercial properties available so that we will have something perfect for you.
We understand that finding the right commercial property can be a daunting task. That's why our experienced agents are here to help. We'll work with you every step, from finding the right property to negotiating the best price.
Contact us today if you're ready to find the perfect commercial property for your business. We'll happily help you find the ideal property for your needs.
Faribault, Minnesota's History
Faribault has a long and rich history, dating back to its founding by Alexander Faribault in 1852. The town quickly became known for its abundance of resources and scenic beauty, and in the 1860s, it gained national recognition as an educational and religious center. This was mainly due to the efforts of Bishop Henry Whipple, who established a system of interrelated churches and schools. The State Academies for the Blind and Deaf was established during this time, further solidifying Faribault's reputation as an education and learning hub. Today, Faribault is still known for its commitment to education, as well as its beautiful scenery and friendly community.
Faribault, Minnesota's Demographics
According to the most recent census, the population of Faribault is 24,673. This makes it the 45th largest city in Minnesota and the 1877th largest in the United States. Faribault is growing at a rate of 0.45% annually, and its population has increased by 0.90% since the last census. The population density of Faribault is 1,627 people per square mile, and it spans over 15 miles. As the county seat of Rice County, Faribault is a hub for activity in the region. Faribault has a great place to call home, with a rich history and vibrant community.
Most residents are white, but a significant black or African American population exists. Other races represented in the town include Asian and Native Americans. There is also a sizable population of residents identifying as two or more races. Faribault is a diverse city with something for everyone.
Faribault, Minnesota's Geographic Makeup
Faribault is a city in Minnesota known for its unique geographic makeup. The city is home to the confluence of the Straight River and the Cannon River, as well as Sakatah Lake State Park and Nerstrand-Big Woods State Park. The town has a total area of 15.67 square miles, with 15.32 square miles of land and 0.35 square miles of water. The diverse landscape of Faribault provides residents with plenty of opportunities to enjoy the outdoors, and the city's proximity to major metropolitan areas makes it an ideal place to call home. Whether you're looking to enjoy the beauty of nature or the convenience of a big city, Faribault has something to offer everyone.
Faribault, Minnesota‘s Economy
Faribault, Minnesota, is a thriving community with a strong economy. The average household income is $65,112, and the median monthly rental costs are $914. The median age in Faribault is 37.9 years, and the median house value is $169,900. The poverty rate in Faribault is 16.30%. The community has a strong sense of pride and a bright future. There are plenty of job opportunities, and the schools are excellent. The residents are friendly and welcoming, and there is a wide variety of things to do. Faribault is a great place to live, work, and raise a family.
Faribault, Minnesota's Employment
Faribault, MN, is a beautiful city in the southern part of the state. The city is known for its vital manufacturing, healthcare, and retail sectors. Recently, Faribault has seen a significant uptick in employment, with 9.67k people now employed in the city. This is thanks to the strong performance of the manufacturing and healthcare industries, which have been providing good jobs for residents. The city also has many high-paying sectors, such as professional and technical services, information, finance, and insurance. As a result, Faribault is an excellent place to live and work. Thanks to the strong performance of its key industries, the city offers good job prospects and a high standard of living.
Why Commercial Real Estate In Faribault, Minnesota?
Faribault, Minnesota, is a great place to invest in commercial real estate. The city has a strong economy, with an average household income above $65,000. Additionally, the median house value in Faribault is $169,900, which is significantly higher than the national average. The city also has many large employers, such as Walmart and Faribo Manufacturing Company. As a result, there is a steady demand for office space and retail space in Faribault. The vacancy rate for commercial real estate in Faribault is relatively low, making it an excellent investment time. Faribault is a perfect place to invest in commercial real estate, thanks to the strong economy and favorable market conditions.