For Sale: Faribault MLS# 6783159
Active
NEW!
$1,475,000
Commercial: 1 Story
Built 1976
4.75 acres
Faribault schools
MLS# 6783159
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Property Description
Exceptionally located industrial/commercial property with nearly 5 acres. Multiple outbuildings with storage, heated shops, office, etc. Formerly used as a concrete plant. Property secured by electric security fence.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,475,000
Property Type:
Commercial
City:
Faribault
Garage Spaces:
15
County:
Rice
Year Built:
1976
State:
MN
Property Style:
1 Story
Zip Code:
55021
Exterior
Stories:
One
Garage Spaces:
15
Other Parking Spaces:
100
Foundation Size:
10,556 ft2
Handicap Accessible:
None
Heating System:
- Boiler
- Forced Air
Parking Features:
- Floor Drain
- Gravel
- Open
- Parking Lot
- Storage
Exterior Material:
Other
Lot & Land
Acres:
4.75
Geolocation:
44.313715, -93.28026
Inclusions:
Building, Fixture/Equipment, Land, Leases
Lot Dimensions:
300 x 700
Addl Parcels:
1819350003
Zoning:
- Business/Commercial
- Industrial
Schools
School District:
656
District Phone:
507-333-6016
Expenses
Annual Caretaker Expense:
None
Annual Insurance Expense:
$4,500
Annual Gross Expense:
$5,808
Tenant Expenses:
All Utilities, Janitorial Service, Grounds Care, Snow Removal, Trash Collection
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$8,844
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,844
Income
Annual Gross Income:
$67,200
Rent
Annual Net Income:
$61,392
Units
Total Units:
3
Miscellaneous
Current Use:
- Commercial
- Industrial
- Warehouse
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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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 Coldwell Banker River Valley, REALTORS.
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.