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Hatch Brokered by Real

| Hatch Brokered by Real | Real Brokerage LLC | PLACE

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12 3rd St NE , Faribault, MN 55021
$319,000
Est. Payment: $1,648.10/mo
0 Bed
1 Bath
5670 Sqft
Status: Contingent - Other | Days on site: 182
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25792 - 499500276
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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Hatch Brokered by Real
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House Description

Check out this prime mixed-use opportunity in the heart of downtown Faribault! Unlock the potential of this versatile downtown gem, perfectly positioned in one of Southern Minnesota’s most up-and-coming small towns-just 35 minutes south of the Twin Cities, right off Interstate 35. This mixed-use building offers two main-level commercial spaces. One unit is currently leased with a solid two-year agreement in place, providing immediate income. The second storefront is move-in ready: ideal for an owner-occupant or an easy addition to your investment portfolio. With great foot traffic and charming curb appeal, this space is perfect for a boutique, ice cream shop, yoga/exercise studio, or other small business ventures. Investors, Contractors, Entrepreneurs-this one's for you! Upstairs, the opportunities are endless. With some renovation, the upper level can be restored to its original residential layout, with potential for three studio or one-bedroom apartments, or reconfigured for larger units to meet growing rental demand in the area. The property is currently undergoing a parcel split, which will be completed prior to closing. A shared wall agreement and access to shared water/sewer lines with adjacent parcels will be included. Seller will also install a separation wall upstairs to define private apartment space on the west side. Location, Location, Location! Just steps from the exciting new Viaduct Park development: featuring splash pads, an ice rink, and future attractions & features aimed to increase tourism and local activity. Surrounded by popular restaurants, shops, and ongoing downtown revitalization, this is your chance to plant roots in a community on the rise. Whether you're expanding your business, growing your investment portfolio, or dreaming up your next big idea-this is the kind of opportunity that doesn’t come around often. Schedule your showing today and claim your piece of Faribault’s future!
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Highlights

Listed by Hailey M. Warner , 507-210-1625 eXp Realty , 320-500-4397. Minneapolis/St. Paul and St. Cloud - Northstar MLS

Property Type

Commercial Sale
Lot/Acreage
0.25

Year Built

1920

County

Rice

 Neighborhood

City/Faribault

 School District

Faribault

Listing ID

7012006

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:1
  • ▪ Full Bathrooms:
Air Cond:Central Air
Fireplaces:
Basement:Full,Unfinished
Water:City Water/Connected

Exterior Features

Lot Dimensions:45x48
Zoning:Business/Commercial
Sewer:City Sewer/Connected
Parking Features:Unassigned
Principal Interest
$1,648
Taxes
$665

Home Price

$319,000

Loan Details

30 yrs
6.708%

Down Payment

20%
$63,800
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:
$1,648.10

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,648.10 $665.33 $0.00 $2,313.44
Yearly $19,777.25 $7,984.00 $0.00 $27,761.25
Total $593,317.39 $239,520.00 $0.00 $832,837.39
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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.

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Data last updated: 2026-09-06T11:00:07.000Z

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