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$409,000

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.

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.

$1,200,000

Outstanding opportunity to purchase or lease a highly visible commercial building just off Interstate 35 in Faribault. This 4,118 SF former Speedway convenience store sits on approximately 0.53 acres with excellent frontage and exposure along Lyndale Avenue. The property features an open retail layout, commercial kitchen infrastructure including a working exhaust hood, walk-in freezer, and existing cooler cases, making it well-suited for restaurant, convenience store, grocery, specialty retail, food service, or a variety of commercial uses. Surrounded by national retailers and restaurants with approximately 12,000-13,000 vehicles per day, this location offers exceptional visibility and accessibility. Available for sale at $1,200,000 or lease at $20.00/SF Modified Gross.

7114244 MLS

Outstanding opportunity to purchase or lease a highly visible commercial building just off Interstate 35 in Faribault. This 4,118 SF former Speedway convenience store sits on approximately 0.53 acres with excellent frontage and exposure along Lyndale Avenue. The property features an open retail layout, commercial kitchen infrastructure including a working exhaust hood, walk-in freezer, and existing cooler cases, making it well-suited for restaurant, convenience store, grocery, specialty retail, food service, or a variety of commercial uses. Surrounded by national retailers and restaurants with approximately 12,000-13,000 vehicles per day, this location offers exceptional visibility and accessibility. Available for sale at $1,200,000 or lease at $20.00/SF Modified Gross.

311 Lyndale Avenue N, Faribault

Listing courtesy of Revival Commercial Real Estate.

$1,650,000

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.

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.

$329,900

This unique combination commercial and residential property boasts a cozy 2- Bedroom apartment in a prime, centrally located area. With numerous upgrades, the building features modern amenities and stylish finishes. The property is situated in a vibrant, high-traffic zone, ensuring great visibility for any commercial needs. Plus, it's fully handicap accessible, making it convenient and inclusive for everyone. So if you have a business concept and would like to have some supplemental income to offset your mortgage, this one's for you! A great investment opportunity.

2 Beds ⋅ 1 Baths ⋅ 6818781 MLS

This unique combination commercial and residential property boasts a cozy 2- Bedroom apartment in a prime, centrally located area. With numerous upgrades, the building features modern amenities and stylish finishes. The property is situated in a vibrant, high-traffic zone, ensuring great visibility for any commercial needs. Plus, it's fully handicap accessible, making it convenient and inclusive for everyone. So if you have a business concept and would like to have some supplemental income to offset your mortgage, this one's for you! A great investment opportunity.

511 4th Street NW, Faribault

Listing courtesy of Edina Realty, Inc..

$369,000

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.

6787785 MLS

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.

508 Central Avenue N, Faribault

Listing courtesy of Edina Realty, Inc..