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208-212 Central Ave N
Faribault, MN 55021

Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
16,753 SF
Building Class
C
Year Built/Renovated
1883/2008
Tenancy
Multiple
Number of Floors
3
Building FAR
1.67
Lot Size
0.23 AC
Parking
7 Spaces (0.42 Spaces per 1,000 SF Leased)
Frontage
61 ft on Central Ave N

Amenities

  • Signage

About 208-212 Central Ave N , Faribault, MN 55021

Building Details: OWNER RETIREMENT offers the opportunity to acquire this beautiful 16,753 square foot retail storefront located in the heart of a historic downtown Faribault Minnesota Regional Center. The building benefits from sitting on a commercial/retail thoroughfare with average daily traffic counts exceeding 2,400 vehicles per day. This building, because of its block designation allows the building to be eligible for historic tax credits at the state and federal level. In addition there are local city loan programs available for commercial property upgrades as well as rental housing upgrades. Building Description: The building was built in 1883. This highly sought after commercial/residential lease space is currently divided into three first floor store fronts, three second floor apartments, a second floor warehouse a large unheated third floor and a garage with loading dock as well as a freight elevator which accesses all floors. In addition to the garage, there are parking spaces available in the rear of the property. Location Details: Adventure, family fun, community events, shopping and entertainment make this southern rural city a great place to live, visit and shop. The cities eclectic mix of restaurants, hotels, shops and boutiques make this a desirable location for just about anyone to start a business or bring an existing business in to facilitate its success.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
18.31.1.26.350
Land Assessment
£63,005
Improvements Assessment
£267,852
Total Assessment
£330,857
  • Listing ID: 11309176

  • Date on Market: 19/01/2018

  • Last Updated:

  • Address: 208-212 Central Ave N, Faribault, MN 55021

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