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Eric Seeger

eric@mwlsp.com +1(608) 790-5229

$850,000

Est. payment - /mo

0.25 Acres Lot

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision City/Faribault

MLS Listing ID 7071760

Year Built 1900

Annual Tax Amount $12,862

Tax Year 2026

Contingent None

Lot Size 10,890 Sqft

Lot Dimensions 10,890 SF

Property Description

DOWNTOWN FARIBAULT OFFICE BUILDING — Income Today, Positioned for Tomorrow. Faribault is having a moment. This building has a front-row seat. Step into one of Southern Minnesota's smartest investment opportunities — a high-visibility office building in historic downtown Faribault, just 35 minutes south of the Twin Cities on I-35. A standout in every sense — doing exactly what a strong asset should: holding quality tenants and generating reliable income. In 2015, a significant capital investment went into a top-to-bottom transformation — and it shows. The result is a building that presents with pride: warm brick, signature red awnings, generous windows, and a professionally finished interior that tenants are proud to work in. This wasn't tinkering. This was a reinvention. The investment didn't stop there — recent electrical updates and additional commercial improvements tell the story of a building well cared for. Nine leased suites, tenants who keep renewing, and one available suite — the occupancy picture is strong. Everything you'd expect is here — shared conference and reception areas, front ramp entry, off-street asphalt parking, and prominent pole signage. Step outside, take a stroll, and discover a downtown that looks like a Hallmark card — beloved restaurants, boutiques, and the Paradise Center for the Arts all within walking distance. And right across the street is the city's newest gathering space, Viaduct Park — an all-season recreation destination with a splash pad, fire pit, and indoor gathering areas. The city calls it "Spaces of Real Joy," and it shows. It's the kind of civic investment that signals a community betting on itself. This is a town where people know your name, shop local by choice, and show up for their community. This building is your seat at that table. Whether you're an investor seeking reliable returns, an entrepreneur with a bold vision for the space, or both — this is a rare chance to plant roots in a town on the rise. The renovation is done. The tenants are in. The income is flowing. Rare is an overused word in real estate. This time it applies.

Location

State MN

County Rice

Zoning Business/Commercial

Rooms

Basement None

Interior

Heating Forced Air

Cooling Central Air

Inclusions Building, Leases

Fireplace No

Exterior

Parking Features Guest Parking, Other, Parking Lot, Paved Lot, Open

Utilities Available Electric Common, Heating Common, Hot Water Common

Roof Type Flat

Present Use Commercial,Office,Professional Service

Building

Story One

Foundation 6450

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories One

New Construction false

Schools

School District Faribault

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Listed by James Barta • RE/MAX Experts

Nearby School & Business

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Eric Seeger

+1(608) 790-5229

Agent | Land Pro | License ID: 7338094

Agent | Land Pro License ID: 7338094

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118 1st AVE NE Faribault, MN 55021

Eric Seeger

Key Details

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Rooms

Interior

Exterior

Building

Schools

Nearby School & Business

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