Courtesy: Edina Realty, Inc.
507-334-1695
Prime Downtown Faribault Commercial & Mixed-Use Opportunity. Discover the possibilities in the heart of downtown Faribault with this versatile commercial property offering a unique opportunity for an owner-user, entrepreneur, or investor. The main-level commercial space is currently vacant and ready for its next chapter, with a layout and location well suited for a variety of business concepts. Previously operated as a restaurant, the space could be ideal for a new dining establishment, retail business, office, personal service, entertainment venue, or even a food-truck operator ready to establish a permanent brick-and-mortar location. Adding to the appeal, the property includes a fully leased apartment above the commercial space, providing immediate rental income while offering the potential for future owner occupancy. The property is zoned Central Business District (CBD), allowing for a broad range of commercial uses, including retail, financial services, office space, personal services, and entertainment. Residential use is also permitted as an accessory use when located above a first-floor commercial use. With its prominent downtown location, flexible zoning, existing rental income, and adaptable commercial space, this property presents an excellent opportunity to establish a business, expand an existing venture, or add a versatile mixed-use asset to your investment portfolio.
Courtesy: RE/MAX Results
612-314-1520
Investment opportunity in the heart of downtown Faribault. This 9-unit mixed-use property consists of eight renovated residential apartments and one commercial space. The residential units have been extensively renovated with updated kitchens, bathrooms, flooring, and finishes, along with new electric baseboard heat, allowing residents to control and pay for their own heating costs. Additional capital improvements include a newer roof with a transferable warranty and a new fire panel. The commercial space is leased through December 2030, providing in-place income, while the eight renovated residential units are currently vacant, giving the next owner the opportunity to complete lease-up and stabilize the property. Commercial tenant pays their own gas/electric/trash/sewer/internet and is in charge of HVAC maintenance. Convenient downtown location near businesses, restaurants, and services. An opportunity to acquire a substantially improved mixed-use asset with much of the renovation and capital improvement work already completed.
Courtesy: eXp Realty
320-500-4397
Once home to the beloved Java Live Coffee Shop, this iconic downtown building is ready for its next chapter! Located on one of the most desirable blocks of Faribault’s historic downtown, this full-building opportunity offers incredible visibility, character, and potential from front to back. The main level, once filled with coffee, conversation, and community, is now a wide-open space ready to be reimagined. Create a storefront, restaurant, boutique, gallery, office, gathering space-or bring an entirely new concept to life. With a prime Main Street location and the charm of a historic downtown building, there is so much opportunity here. Upstairs, the second level has been completely gutted, giving you a true blank slate to design from the ground up. Envision two spacious apartments, short- or long-term rental opportunities, or one incredible front-to-back downtown loft. With access from both the front and rear of the building, the layout offers added flexibility for future use. Whether you're an investor, entrepreneur, developer, or someone who has always dreamed of owning a piece of downtown Faribault, this is an opportunity to take a building with a meaningful history and give it new life. History. Location. Character. Potential. Bring your ideas and make this downtown landmark part of Faribault’s next chapter.
Courtesy: eXp Realty
320-500-4397
You can’t miss this one! Sitting proudly on a prominent corner along Central Avenue, this historic downtown building has the kind of presence that naturally welcomes people into the heart of Faribault. With windows, visibility, and exposure from the main downtown corridor, it’s a property that gets noticed, and one that is ready to become part of the energy happening downtown. Surrounded by destinations like the Paradise Center for the Arts, the Bachrach Building, 310 Event Center, 10,000 Drops Distillery, Redemption Restaurant, and an eclectic mix of locally owned businesses, this location puts you right in the middle of it all. Once home to a beloved flower shop, the main floor is filled with character and ready for a fresh vision. Its highly visible corner location creates an inviting presence for a boutique, café, salon, studio, gallery, office, retail concept, or gathering space. Whatever comes next, this is a building made to welcome people through its doors. Upstairs, even more opportunity awaits. Previously configured as two apartments, the upper level offers flexibility for future residential use-whether reimagined as apartments, rentals, or a one-of-a-kind downtown residence. There’s something special about a corner building. It doesn’t just sit on the block-it helps define it. For an entrepreneur, investor, or creative visionary looking to make their mark downtown, this is an opportunity to own a piece of Faribault history in a location that truly stands out. A beloved past. A front-and-center location. And so much possibility for what comes next. This downtown beauty is ready to bloom again!
Courtesy: eXp Realty
320-500-4397
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.
Courtesy: Revival Commercial Real Estate
612-440-9775
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.
Courtesy: AXEN Realty
651-734-5602
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.
Courtesy: Weichert, REALTORS- Heartland
507-334-2173
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.
Courtesy: LaBelle Real Estate Group Inc
651-705-0166
"Turn Key" auto repair opportunity! Full service gas station with two service garages/bays including: air compressor, tire charger, tire balancer, and new lift. Currently has two gas pumps and tanks have recently been inspected and compliant. Solid concrete building sitting on corner lot. New rubber roof in 2024. Heated floors, showroom, and retail space.
Courtesy: RE/MAX Experts
507-332-2282
DOWNTOWN CHARACTER. STREET VISIBILITY. MAJOR IMPROVEMENTS. Located along high-traffic 1st Avenue NE in historic downtown Faribault, this office building combines strong street visibility with the charm and convenience of a walkable downtown setting. Warm brick, signature red awnings, generous windows, and prominent pole signage give the property a distinctive identity, while off-street asphalt parking and a front ramp entry welcome tenants and their clients. A major roof replacement completed in 2026 represents a significant capital investment: replacement of deteriorated decking, reinforcement of existing rafters, all-new insulation, a new membrane roof system, and drainage improvements. Extensive renovations in 2015, along with recent electrical updates and additional commercial improvements, further support the building’s professional presentation. The building offers 10 distinct office suites, with eight currently leased and two available for leasing, plus shared conference and reception areas. Existing occupancy provides current income, while the available suites offer an opportunity to grow rental revenue. The downtown setting adds everyday appeal. Restaurants, boutiques, and the Paradise Center for the Arts are within walking distance, and Viaduct Park sits directly across the street. Lunch with a client, coffee between appointments, or a walk after work—all part of a location that connects business with the surrounding community. An income-producing office property with established occupants, visible frontage, downtown amenities, and substantial recent investment in the building.
Courtesy: Edina Realty, Inc.
507-334-1695
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.
Courtesy: Keller Williams Preferred Rlty
952-746-9696
This stately 1890s multi-family residence is a standout example of craftsmanship and opportunity in the heart of Faribault. Configured as a unique seven-unit property, it offers strong income potential with a proven rental layout. Timeless character shines throughout, highlighted by classic hardwood floors and distinctive architectural details. A large open-frame porch and striking exterior create impressive curb appeal, while the corner lot setting adds to its presence. The property also features a spacious basement, ideal for storage or maintenance, along with convenient gravel driveway parking. Designed for efficient management, the building includes common heating and separate electric utilities for each unit. Recent assessments reflect increasing value, and the solid stone foundation underscores its long-term durability. With the right vision and updates, there is an excellent opportunity to further enhance both value and appeal. Located near local amenities with easy highway access, this property presents a rare opportunity to own a piece of Faribault’s history while maximizing its investment potential.
Courtesy: MDC Real Estate Services
507-333-1152
Courtesy: MDC Real Estate Services
507-333-1152
Courtesy: Edina Realty, Inc.
507-334-1695
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.
Courtesy: MDC Real Estate Services
507-333-1152
Located at one of the busiest intersections in southern Minnesota, this property offers unmatched visibility, accessibility, and long-term potential. Positioned at the corner of I-35 and Highway 60, it sits in a prime commercial corridor ideal for businesses that value exposure and convenience. Currently utilized as a modern office space featuring high-end finishes and a professional layout, the building presents an exceptional opportunity for a variety of uses. With its prominent location and strong traffic counts, the site is also perfectly suited for retail redevelopment, offering flexibility for investors or owner-occupants looking to maximize value.
Courtesy: Weichert, REALTORS- Heartland
507-334-2173
Historic Fleckenstein Bldg in excellent condition, located in the heart of downtown Faribault on Central Ave. This property has a combination of well preserved historical features, and modern updates such as mechanicals, electrical, and bathrooms, and newer roof. Great income producing property and potential increase of income.
Courtesy: MDC Real Estate Services
507-333-1152
30,000 SF + of warehouse space for lease. Multiple loading docks and drive in doors. Office Space available as well. CAM currently additional $1.85 which includes utilities.
Andrea D. Conner, License # 40471694,Xome Inc., License 40368414, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
Listings courtesy of Northstar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of {{last updated}}. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Xome Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Xome Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information Deemed Reliable But Not Guaranteed. Open House information is subject to change without notice. Copyright 2026, Regional Multiple Listing Service of Minnesota, Inc. All rights reserved
Faribault is located in Minnesota. Faribault, Minnesota has a population of 24,310. Faribault is less family-centric than the surrounding county with 28.01% of the households containing married families with children. The county average for households married with children is 31.62%.
The median household income in Faribault, Minnesota is $55,229. The median household income for the surrounding county is $71,384 compared to the national median of $69,021. The median age of people living in Faribault is 38.3 years.
The average high temperature in July is 82.3 degrees, with an average low temperature in January of 4.2 degrees. The average rainfall is approximately 33.8 inches per year, with 45.3 inches of snow per year.
