118 1st Avenue NE Faribault, MN 55021

$850,000
Active
 |  MLS # 7071760
Active
  • 118 1st Avenue NE, Faribault, MN 55021 Listing Photo  1
  • 118 1st Avenue NE, Faribault, MN 55021 Listing Photo  2
  • 118 1st Avenue NE, Faribault, MN 55021 Listing Photo  3
  • 118 1st Avenue NE, Faribault, MN 55021 Listing Photo  4
  • 118 1st Avenue NE, Faribault, MN 55021 Listing Photo  5
  • 118 1st Avenue NE, Faribault, MN 55021 Listing Photo  6
  • 118 1st Avenue NE, Faribault, MN 55021 Listing Photo  7
  • 118 1st Avenue NE, Faribault, MN 55021 Listing Photo  8
  • 118 1st Avenue NE, Faribault, MN 55021 Listing Photo  9
  • 118 1st Avenue NE, Faribault, MN 55021 Listing Photo  10
  • 118 1st Avenue NE, Faribault, MN 55021 Listing Photo  11
  • 118 1st Avenue NE, Faribault, MN 55021 Listing Photo  12
  • 118 1st Avenue NE, Faribault, MN 55021 Listing Photo  13
  • 118 1st Avenue NE, Faribault, MN 55021 Listing Photo  14
  • 118 1st Avenue NE, Faribault, MN 55021 Listing Photo  15
  • 118 1st Avenue NE, Faribault, MN 55021 Listing Photo  16
  • 118 1st Avenue NE, Faribault, MN 55021 Listing Photo  17
  • 118 1st Avenue NE, Faribault, MN 55021 Listing Photo  18
  • 118 1st Avenue NE, Faribault, MN 55021 Listing Photo  19
  • 118 1st Avenue NE, Faribault, MN 55021 Listing Photo  20
  • 118 1st Avenue NE, Faribault, MN 55021 Listing Photo  21
  • 118 1st Avenue NE, Faribault, MN 55021 Listing Photo  22
  • 118 1st Avenue NE, Faribault, MN 55021 Listing Photo  23
  • 118 1st Avenue NE, Faribault, MN 55021 Listing Photo  24
  • 118 1st Avenue NE, Faribault, MN 55021 Listing Photo  25
  • 118 1st Avenue NE, Faribault, MN 55021 Listing Photo  26
  • 118 1st Avenue NE, Faribault, MN 55021 Listing Photo  27

About The Listing

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. The investment didn't stop there — recent electrical updates and additional commercial improvements tell the story of a building well cared for. 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.


Listing courtesy of James E. Barta, RE/MAX Experts
Ask a Question
Your message has been sent.
Oops! that doesn't seem right.
SEND
Sign Up for a Free Monthly Market Report
Never miss out on the latest stats trends and homes in your community.
Get It Now

Property Details

Features

 
 
 
Property Type: Commercial
Status: Active
Contingency Type: None
Year Built: 1900
MLS #: 7071760
Bedrooms: 0
Garage Spaces: 0
Parking Description: Guest Parking, Other, Parking Lot, Paved Lot, Open
Sewer Description: City Sewer/Connected
Air Conditioning Type: Central Air
Water: City Water/Connected
Heat Type: Forced Air
Basement: None
Foundation Type: Slab
Roof Description: Flat
Days On Market (Continuous): 0
Disability Features: Grab Bars In Bathroom, Hallways 42"+, No Stairs Internal, Wheelchair Ramp(s)
Latest Update: 05/27/2026
List Date: 05/11/2026
Listing Agent ID: 503501014
Listing Office: RE/MAX Experts
Listing Office ID: 3594
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Exterior Features: Stone, Stucco
Lot Dimensions: 10,890 SF
Lot Size: 0.25 Acres
School District: Faribault
Tax Year: 2026
Estimated Taxes: $12,862
Contingency Type: None
City: Faribault
Zip: 55021
County: Rice
Subdivision: City/Faribault
State: MN
Listing last updated: 05/27/26

® Copyright 2025 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. 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 the owner of this website 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. Digital Millennium Copyright Act (DMCA) Notice The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to Michael Bisping, Director, Customer Relations, Regional Multiple Listing Service of Minnesota, Inc, 2550 University Avenue West, Suite 259S Saint Paul, MN 55114 or by email to mbisping@northstarmls.com. Questions can be directed by phone to 651-251-3200. The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and e-mail address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint. Information Deemed Reliable but not guaranteed.