For Sale: Faribault MLS# 6818781
Active
NEW!
$349,900
Commercial: Apartments/Retail
Built 1910
0.17 acres
Faribault schools
MLS# 6818781
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
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.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$349,900
Property Type:
Commercial
City:
Faribault
Garage Spaces:
0
County:
Rice
Year Built:
1910
State:
MN
Property Style:
Apartments/Retail
Zip Code:
55021
Subdivision Name:
Original City
Interior
Appliances Included:
- Exhaust Fan
- Microwave
- Range
- Refrigerator
Basement Details:
- Concrete
- Full
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
10
Air Conditioning:
Central Air
Foundation Size:
768 ft2
Foundation Dimensions:
24 x 32
Handicap Accessible:
Fully Wheelchair
Heating System:
Forced Air
Parking Features:
- Asphalt
- Parking Lot
- Paved
Road Frontage:
City Street
Exterior Material:
Vinyl Siding
Roof Details:
Age Over 8 Years
Lot & Land
Acres:
0.17
Geolocation:
44.294338, -93.276878
Inclusions:
Building
Lot Dimensions:
43.5 x 165
Zoning:
Business/Commercial
Schools
School District:
656
District Phone:
507-333-6016
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$3,980
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$4,180
Income
Annual Gross Income:
$7,800
Units
Total Units:
2
Miscellaneous
Current Use:
Commercial
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Common
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Edina Realty, Inc..
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.