18 2nd Street NE, Faribault MN 55021

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Active Under Contract

$325,000

18 2nd Street NE, Faribault, MN 55021

bedrooms

bathrooms

square feet

Acreage

0.119

Open Houses

year built

1900

Full Baths

Half Baths

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Discover an exceptional investment opportunity in the heart of historic downtown Faribault, a vibrant and rapidly growing city conveniently located off I-35. This unique property places you right amidst charming restaurants, local retail shops, and scenic parks and trails. Faribault’s lively community and the soon-to-be-opened Viaduct Park—featuring a splash pad, skating area, concessions, and gathering spaces—make this an ideal spot to house and grow your business and also your rental portfolio. Find endless potential here as the main floor which currently functions as a retail & event space, but would be perfect for a number of different small business types. Perhaps a boutique shop, ice cream parlor, beauty service day spa, a unique office space, a small restaurant, or specialty candy store...bring your ideas! The space can easily adapt to match your vision, whatever it may be. An occupied one-bedroom apartment on the upper floor offers the option for either short-term rental, benefiting from the nearby wedding venue, or a stable long-term rental income. With extremely low vacancy rates in Faribault, the residential unit is a prime investment feature. Options of converting 600 sq ft of the rear main floor into a rental studio, would allow you to maintain a storefront while securing additional rental revenue. This rare find includes an attached garage and a private green space, combining the best of downtown accessibility with a touch of nature. The property is perfect for an entrepreneur looking to invest in a thriving area with multiple revenue streams. Seize this unique opportunity to be part of Faribault’s growth and bring your business or investment ideas to life!

Location
Subdivision	City/Faribault
County	Rice
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 6621286

Listing agent: Hailey M. Warner

Listing broker: Exp Realty (612) 751-9303

Copyright © 2025 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Tuesday, January 21 2025 at 3:42 p.m. EST

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