Rice Homes with Mixed Use Style

Welcome to Rice County, Minnesota – a hidden gem nestled in the heart of the North Star State. Known for its picturesque landscapes and vibrant community spirit, Rice County offers a unique blend of rural charm and modern amenities. With its rolling hills, lush greenery, and serene lakes, this area is perfect for those seeking both tranquility and adventure.

Rice County boasts a rich history, with quaint towns like Northfield and Faribault showcasing beautiful historic architecture and a variety of cultural attractions. Whether you're exploring local shops, enjoying farm-to-table dining, or participating in community events, there's always something happening in this welcoming region.

For those interested in real estate, Rice County presents an exciting opportunity with its mixed-use homes. These versatile properties are designed to accommodate both residential living and commercial enterprises, making them ideal for entrepreneurs and families alike. Imagine waking up in your beautifully appointed home and stepping outside to your own café, boutique, or office space – all within the same building! This innovative style of living fosters a sense of community, encouraging neighbors to connect and collaborate.

With a range of mixed-use homes available, from charming historic buildings to modern developments, Rice County is the perfect place to invest in your future. Embrace the opportunity to live, work, and thrive in a community that values both tradition and progress. Discover your dream mixed-use home in Rice County today, and experience the best of Minnesota living!

Newest Rice Homes with Mixed Use Style

$409,000

7115327 MLS

Investment opportunity meets historic downtown charm! This beautifully maintained mixed-use building offers the rare combination of immediate income, exceptional condition, and long-term flexibility in the heart of Faribault's thriving downtown district. With a well-established commercial tenant occupying the fully renovated main level and two beautifully updated, fully furnished, charming & well-kept apartments above (one 1-bedroom and one 2-bedroom), this is the kind of turnkey investment that's becoming increasingly difficult to find. Whether you're looking to expand your investment portfolio, operate a successful short- or mid-term rental business, or enjoy owner-occupancy while offsetting your expenses with rental income, this property offers incredible versatility. The current owner has poured years of care, thoughtful improvements, and significant investment into the building, creating a property that's ready for its next chapter-allowing you to step in and immediately enjoy the rewards. One of the standout features is the full basement with a rare tuck-under garage and overhead door, an amenity seldom found in historic downtown buildings. The lower level provides abundant storage and has even served as a private workout room and retreat for a previous commercial occupant, offering endless possibilities for future use. The main-floor commercial space has been extensively renovated, including an ADA-accessible restroom, creating a welcoming and functional environment for today's businesses. Upstairs, the apartments blend historic character with modern finishes, offering stylish, move-in-ready living spaces that appeal to both long- and short-term tenants. Located on one of Faribault's most vibrant downtown blocks, you'll be surrounded by locally loved shops, restaurants, coffee houses, and entertainment, all within walking distance. The property's proximity to popular destinations like the area's wedding venues and Shattuck-St. Mary's creates strong demand for quality housing and rental opportunities year-round. Properties like this don't come along often, a lovingly restored, income-producing downtown building with multiple revenue streams, exceptional updates, and endless possibilities for both investors and owner-occupants. Come experience the charm, opportunity, and potential this remarkable property has to offer.

213 Central Avenue N, Faribault

Listing courtesy of eXp Realty.

$950

7097557 MLS

Position your business for success int his beautifully appointed, move-in-ready salon space located in a prime location. Surrounded by an established community of health, wellness, beauty and spa professionals, this space offers excellent synergy, cross-referral opportunities, and exposure to an existing client base seeking personal care and wellness services. This fully equipped salon suite features a professional salon station complete with a mirror, console cabinetry, and a hair wash basin, allowing you to begin serving clients immediately with minimal startup costs. Tenants enjoy access to well-maintanined shared amentities, inclduing a comfortable break room equipped with a refrigerator, microwave, washer, dryer as well as clean and convenient restroom facilities. Whether you're an independent stylist or beauty professional looking to expand, this turnkey opportunity offers the perfectl blend of convenience, professionalism and location.

1746 NW Grant, Faribault

Listing courtesy of AXEN Realty.

$1,600,000

7095358 MLS

This property includes 12.45 acres with almost 1000 feet of frontage on State Highway 21. Currently zoned R2. City of Faribault welcomes all ideas for this property to be zoned commercial. No showings or walking the property without approval or showing confirmation from listing broker.

1320 Lyndale Avenue N, Faribault

Listing courtesy of Weichert, REALTORS- Heartland.

$2,750,000

7095551 MLS

Auto parts and salvage yard in Rice County, MN. 3 BR home with a huge detached garage/shop, 64x38 includes car hoist. Home is on 2.5 Acres salvage/auto parts business is on 10 acres adjoining. All equipment & inventory will be included some of the featured inclusions are 2 car crushers, 2 loaders with attachments, Bobcat with attachments, 2 roll backs, car hauler, tow truck and rim crushers, tools and all pallet racking . Shop is 81x50 with 16' sidewalls 30x18 office/store front space. An additional 80x40 warehouse building. Currently has a conditional use permit - commercial/industrial zoned.

5548 130th Street W, Faribault

Listing courtesy of Kubes Realty Inc.

$1,650,000

5 Beds ⋅ 3 Baths ⋅ 7093064 MLS

Agent is Owner. Welcome to Historic downtown Northfield. This property is located at the gateway to the Central Downtown or the Corner of Division Street and 5th Street or Directly East of the Historic Cannon River Area. Property is a three-story multi-tenant building with on street parking on 5th Street, Washington Street and Large Public City parking adjoining the property to the east. The building has been lovingly renovated over the 35 years by current ownership including 100% tuckpointed brick exterior, Carlisle membrane roof system with added roof insulation on exterior and interior. Plumbing services updated throughout as well as sewer piping to the street. The electric is a 1200 amp multi-meter system and the heat and cooling zoned with newer condensers and newer boilers. The building features large Marvin Windows on the exterior with interior transit windows in corridors for natural light. Historic trim had remained intact, but steel framed solid core paneled doors with window glass for marketing. Also, solid panel oak added to meet fire code. High ceilings with modern LED lighting. All units renovated and updated overall span of ownership. The retail service areas are on Division Street with three retail spaces. On 5th Street mid entry for potential subdivided rental area and to the rear additional storage area, entry to another potential subdivided area and one lofted apartment. Building has a 5th street directory to second level professional offices with bathrooms and coffee center. This same area includes a historic staircase to third level apartments and professional artist center with large lounge and bathroom area. Many long-term tenants dating back 30 + years. Very healthy mix of retail, service, professional office, apartments and professional office. This building is only offered for sale due to owner’s retirement and relocation. The building has been 100% occupied short of change over due to owner’s desire to update or renovate areas when opportunity was created. Wonderful 1031 exchange opportunity for many. Interested parties can request a marketing package with more details and history.

429 Division Street S, Northfield

Listing courtesy of DF & Company, Inc.

$199,900

7074200 MLS

Rare Opportunity in Historic Downtown Northfield – Business Condo for Sale - located on one of the busiest intersections in Northfield at the corner of 500 Division St. S. and 101 5th St. W. !!! Bring your vision to life in this one-of-a-kind business condo nestled within a beautifully preserved limestone building in the heart of historic downtown Northfield. Rich in character and architectural appeal, this distinctive lower-level space showcases exposed limestone walls, warm industrial design elements, in-floor heat, and an atmosphere that is both timeless and contemporary. Accessed by a private exterior stairway, the flexible floor plan includes a spacious open-concept gathering area, a private office, additional storage, and shared common entry and restroom facilities. Whether you're an entrepreneur, investor, or established business owner, this space offers exceptional versatility. Envision a boutique event venue, cocktail lounge, private dining space, corporate meeting center, creative studio, professional office, wellness practice, fitness or yoga studio, or an inspiring coworking environment. The dramatic architecture and unique aesthetic create an unforgettable setting that can elevate virtually any business concept. Located in one of Minnesota's most beloved downtown districts, you'll enjoy the prestige, walkability, and energy of Northfield's vibrant business community. With forced-air heating and air conditioning complementing the comfortable in-floor heat, this property is designed for year-round comfort. Opportunities to own a commercial space with this much character, flexibility, and potential are exceptionally rare. If you're looking to create something truly memorable, this is your chance to make your mark in one of the region's most desirable downtown destinations.

101 5th Street W Unit #2, Northfield

Listing courtesy of Coldwell Banker Realty.

$650,000

7067562 MLS

Plenty of opportunity here! Rice County will allow Business, retail, water craft sales, anything pertaining to water. Restaurant is not allowed. Rethinking the space into a Barndominium, with amazing possibilities, that could offer year round space for all the activities and interests people enjoy. The 1.57 acre lots adjacent, offers a highly desirable location for that future dream home. The premium flat lake lot and shoreline are impressive. Vacant land is a separate purchase. MLS#7067398.

4454 Morristown Boulevard, Faribault

Listing courtesy of Edina Realty, Inc..

$450

7024407 MLS

All leases to be handles by Building owner. Build out for units are available by Owner, a licensed contractor. All rents are monthly and include heat/AC, and electricity. No CAM fees, and public parking is available both front and rear of building. Suite #203 419 sq ft,2nd floor unit facing Central Ave on front side of building. $450/ month

220 Central Ave N Unit 203, Faribault

Listing courtesy of Weichert, REALTORS- Heartland.

$1,225

7024391 MLS

All leases to be handles by Building owner. Build out for units are available by Owner, a licensed contractor. All rents are monthly and include heat/AC, and electricity. No CAM fees, and public parking is available both front and rear of building. Suite #200 990 sq ft,2nd floor unit facing Central Ave on front side of building. $1225/ month

220 Central Avenue N #200, Faribault

Listing courtesy of Weichert, REALTORS- Heartland.

$1,250

7024287 MLS

All leases to be handles by Building owner. Build out for units are available by Owner, a licensed contractor. All rents are monthly and include heat/AC, and electricity. No CAM fees, and public parking is available both front and rear of building. Suite #102 1012 sq ft,1st floor, plumbing available, has separate west access door to unit. $1250/ month

220 Central Avenue N Unit 102, Faribault

Listing courtesy of Weichert, REALTORS- Heartland.

$700

7024409 MLS

All leases to be handles by Building owner. Build out for units are available by Owner, a licensed contractor. All rents are monthly and include heat/AC, and electricity. No CAM fees, and public parking is available both front and rear of building. Suite #204 700 sq ft,2nd floor unit facing Central Ave on front side of building. $700/ month

220 Central Avenue N Unit 204, Faribault

Listing courtesy of Weichert, REALTORS- Heartland.

$1,500,000

7012298 MLS

3701 Highway 60 W, Faribault

Listing courtesy of MDC Real Estate Services.

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