329 Central Avenue N
Faribault, MN, 55021 $ 279,000
Bedrooms-- Baths-- Monthly Estimate*
$ 1,927
for $279,000. This building was built in 1920 on a lot size of 0.055.
You can’t miss this one! Sitting proudly on a prominent corner along Central Avenue, this historic downtown building has the kind of presence that naturally welcomes people into the heart of Faribault. With windows, visibility, and exposure from the main downtown corridor, it’s a property that gets noticed, and one that is ready to become part of the energy happening downtown. Surrounded by destinations like the Paradise Center for the Arts, the Bachrach Building, 310 Event Center, 10,000 Drops Distillery, Redemption Restaurant, and an eclectic mix of locally owned businesses, this location puts you right in the middle of it all. Once home to a beloved flower shop, the main floor is filled with character and ready for a fresh vision. Its highly visible corner location creates an inviting presence for a boutique, café, salon, studio, gallery, office, retail concept, or gathering space. Whatever comes next, this is a building made to welcome people through its doors. Upstairs, even more opportunity awaits. Previously configured as two apartments, the upper level offers flexibility for future residential use-whether reimagined as apartments, rentals, or a one-of-a-kind downtown residence. There’s something special about a corner building. It doesn’t just sit on the block-it helps define it. For an entrepreneur, investor, or creative visionary looking to make their mark downtown, this is an opportunity to own a piece of Faribault history in a location that truly stands out. A beloved past. A front-and-center location. And so much possibility for what comes next. This downtown beauty is ready to bloom again!
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FeaturesGeneralSewer City Sewer/Connected
Heating Boiler Hot Water
Utilities Electric Separate Heating Separate Hot Water Separate
Garage Spaces 1
Year Built 1920
Tax Year 2026
Current Use Vacant
Accessibility None
County Rice
New Construction N
Property Type Commercial Sale
Contingency None
Subdivision Name City/Faribault
Directions From intersection of Highways 21 and 60 travel east on Highway 60 to the intersection of Central Avenue. Building is located on the southeast corner of intersection.
City Faribault
High School District Faribault
Zoning Description Business/Commercial
Number Of Units Total 3
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 2904
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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ExteriorParking Features Attached Garage
Water Source City Water/Connected
Inclusions Building
Lot Size Area 0.055
Lot Dimensions 22x150
Waterfront Y/N N
Foundation Area 1749
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InteriorBasement (Y/N) N
Fuel Natural Gas
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* Excluded FeaturesList Byhailey.warnergroup@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,927
- Monthly Property Taxes
- $242
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Faribault, MN
Average List Price $683,088
Percent of Sale Price 145%
About Faribault, MN 24,571 Population
16% Since 2002
$ 51,554 Median Income
37.15 Median Age
32% Households with Children
Trends Information provided by ATTOM Data Solutions.
709225 Elementary School
708958 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/18/2026 | $279,000 | | Listed Price |