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Hatch Brokered by Real

| Hatch Brokered by Real | Real Brokerage LLC | PLACE

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118 1st Ave NE , Faribault, MN 55021
$850,000
Est. Payment: $4,391.50/mo
0 Bed
0 Bath
6450 Sqft
Status: Active | Days on site: 117
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3594 - 503501014,506012108
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Hatch Brokered by Real, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

DOWNTOWN FARIBAULT OFFICE BUILDING — Income Today, Positioned for Tomorrow. Faribault is having a moment. This building has a front-row seat. Step into one of Southern Minnesota's smartest investment opportunities — a high-visibility office building in historic downtown Faribault, just 35 minutes south of the Twin Cities on I-35. A standout in every sense — doing exactly what a strong asset should: holding quality tenants and generating reliable income. In 2015, a significant capital investment went into a top-to-bottom transformation — and it shows. The result is a building that presents with pride: warm brick, signature red awnings, generous windows, and a professionally finished interior that tenants are proud to work in. This wasn't tinkering. This was a reinvention. And the investment didn't stop there. A major roof replacement was completed in 2026, including replacement of deteriorated decking, reinforcement of existing rafters, all-new insulation, a new membrane roof system, and drainage improvements. Recent electrical updates and additional commercial improvements further tell the story of a building thoughtfully maintained for the long term. Nine leased suites, tenants who keep renewing, and one available suite — the occupancy picture is strong. Everything you'd expect is here — shared conference and reception areas, front ramp entry, off-street asphalt parking, and prominent pole signage. Step outside, take a stroll, and discover a downtown that looks like a Hallmark card — beloved restaurants, boutiques, and the Paradise Center for the Arts all within walking distance. And right across the street is the city's newest gathering space, Viaduct Park — an all-season recreation destination with a splash pad, fire pit, and indoor gathering areas. The city calls it "Spaces of Real Joy," and it shows. It's the kind of civic investment that signals a community betting on itself. This is a town where people know your name, shop local by choice, and show up for their community. This building is your seat at that table. Whether you're an investor seeking reliable returns, an entrepreneur with a bold vision for the space, or both — this is a rare chance to plant roots in a town on the rise. The renovation is done. The tenants are in. The income is flowing. Rare is an overused word in real estate. This time it applies.
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Highlights

Listed by James E. Barta , 507-330-3035 and Patricia Barta , 612-404-0075 RE/MAX Experts , 507-332-2282. Minneapolis/St. Paul and St. Cloud - Northstar MLS

Property Type

Commercial Sale
Lot/Acreage
0.25

Year Built

1900

County

Rice

 Neighborhood

City/Faribault

 School District

Faribault

Listing ID

7071760

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:
Air Cond:Central Air
Fireplaces:
Water:City Water/Connected

Exterior Features

Lot Dimensions:10,890 SF
Zoning:Business/Commercial
Roof:Flat
Sewer:City Sewer/Connected
Parking Features:Guest Parking,Parking Lot,Paved Lot,Open
Principal Interest
$4,391
Taxes
$1,072

Home Price

$850,000

Loan Details

30 yrs
6.708%

Down Payment

20%
$170,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,391.50

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,391.50 $1,071.83 $0.00 $5,463.33
Yearly $52,697.99 $12,862.00 $0.00 $65,559.99
Total $1,580,939.76 $385,860.00 $0.00 $1,966,799.76
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Will Provost
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Market insight data is pulled from the same city as the listing being viewed (Faribault, MN).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Hatch Brokered by Real | Real Brokerage LLC | PLACE are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers.
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Data last updated: 2026-09-06T08:58:07.000Z

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