Listing Courtesy of: Hailey Warner - eXp Realty
320-500-4397
$325,000
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18 2nd Street NE Faribault, MN 55021
Other
Residence
Beds
Baths
3,068
Sq. Ft.
0.12
Acre
Lot
Property Activity
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Discover an exceptional investment opportunity in the heart of historic downtown Faribault, a vibrant and rapidly growing city conveniently located off I-35. This unique property places you right amidst charming restaurants, local retail shops, and scenic parks and trails. Faribault’s lively communi...ty and the soon-to-be-opened Viaduct Park—featuring a splash pad, skating area, concessions, and gathering spaces—make this an ideal spot to house and grow your business and also your rental portfolio. Find endless potential here as the main floor which currently functions as a retail & event space, but would be perfect for a number of different small business types. Perhaps a boutique shop, ice cream parlor, beauty service day spa, a unique office space, a small restaurant, or specialty candy store...bring your ideas! The space can easily adapt to match your vision, whatever it may be. An occupied one-bedroom apartment on the upper floor offers the option for either short-term rental, benefiting from the nearby wedding venue, or a stable long-term rental income. With extremely low vacancy rates in Faribault, the residential unit is a prime investment feature. Options of converting 600 sq ft of the rear main floor into a rental studio, would allow you to maintain a storefront while securing additional rental revenue. This rare find includes an attached garage and a private green space, combining the best of downtown accessibility with a touch of nature. The property is perfect for an entrepreneur looking to invest in a thriving area with multiple revenue streams. Seize this unique opportunity to be part of Faribault’s growth and bring your business or investment ideas to life!
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MLS#
6621286
Property Type
Other
Year Built
1900
Square Feet
3,068
sq. ft
Lot Size
0.12
Stories
2.0
Sewer
City Sewer
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