Home › 311 Heritage Place, Faribault, MN 55021 (MLS# 6710180)

311 Heritage Place, Faribault, MN 55021 (MLS# 6710180)

$2,500,000
311 Heritage Place
Faribault, MN 55021
MLS# 6710180
Status: Closed

Iconic High Value Restaurant located in the Heart of Faribault
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Iconic High Value Restaurant located in the Heart of Faribault Historical Train Depot property, real estate and business included 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021 311 Heritage Place, Faribault, MN 55021

Property Description
The Depot Bar and Grill in Faribault has long been a Minnesota staple—a top-tier restaurant and destination location known for its high-quality prepared dishes, daily specials, and welcoming atmosphere. Great for business meetings, events, and for family and friend gatherings alike. After 35 years under the same ownership, this iconic dining destination includes real estate & business sale - now available for the next chapter and new owner to carry this legacy establishment forward. Housed in the historic Depot train station in downtown Faribault, this landmark restaurant blends rich local history, ambiance galore and legacy culinary excellence. Owned/operated by a classically trained chef, The Depot is beloved for its warm ambiance and excellent reputation as the perfect place for celebrations & gathering, offering a unique dining experience bringing the past to life.

Details
Maps
Contract Information
Status: Closed
Off Market Date: 2025-11-11
Current Price: 1750000
Closed Date: 2025-11-10
Sales Close Price: 1750000
Contingency: None
ListPrice: 2500000
List Date: 2025-04-28
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Square Feet
Multiple PIDs?: No
Other Parking Spaces: 80
Year Built: 1900
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Lot Size SqFt: 2
Foundation Size: 6642
Power Company: Xcel Energy
For Sale or Lease: For Sale
Lot Dimensions: 349.5x134
Assessment Pending: Unknown
Location Tax and Other Information
House Number: 311
Street Name: Heritage
Street Suffix: Place
Postal City: Faribault
County: Rice
State: MN
Zip Code: 55021
Complex/Dev/Subdivision: Heritage Park
Basement
Foundation Dimensions: 123x54
Building Information
Building Finished SqFt: 4892
Building SqFt: 6028
Ceiling Height: Varied Heights
Income and Expenses
Annual Caretaker Expense: 1
Annual Electric Expense: 1
Annual Fuel Expense: 1
Annual Gross Expenses: 1
Annual Gross Income: 1
Annual Insurance Expense: 1
Annual Maintenance Expense: 1
Annual Net Income: 1
Annual Repair Expense: 1
Annual Trash Expense: 1
Annual Water/Sewer Expense: 1
Total Annual Expenses: 1
Lease Details
Land Leased: Not Applicable
Lock Box Type
Lock Box Source: SPAAR
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Sale Options
Sale Includes: Building, Business Assets, Business, Fixture/Equipment, Inventory, Land, Liquor License
Unit Details
Total Units: 1
Property Features
Accessible: Doors 36"+; Fully Wheelchair; Roll Under Accessibility; Wheelchair Ramp; Other
Air Conditioning: Central Air; Dual
Amenities Unit: Hardwood Floors; Natural Woodwork; Patio; Security System; Tile Floors; Vaulted Ceiling(s); Wet Bar
Appliances: Cooktop; Dishwasher; Fuel Tank - Owned; Indoor Grill; Microwave; Range; Refrigerator; Wine Cooler; Other
Assumable Loan: Not Assumable
Basement: Owner Access; Stone; Unfinished; Other
CMU Style: Business Opportunity; Freestanding; Single Occupancy
Commercial Kitchen Appliances: Cookware/Utensils; Dishwasher; Freezer; Fryer; Grill; Ice Machine; Other; Oven; Prep Station; Refrigerator; Shelving and Racks; Walk-In Cooler/Freezer; Warming Table
Construction Materials: Block; Frame; Other
Construction Status: Previously Owned
Current Use: Restaurant
Existing Financing: Free and Clear
Exterior: Brick/Stone; Engineered Wood; Fiber Board
Fencing: Split Rail; Other
Financing Terms: Conventional
Flooring: Engineered Wood; Heavy Duty; Tile; Wood
Foundation: Stone; Other
Fuel: Natural Gas
Heating: Boiler
Internet Options: Cable; Fiber Optic
Loan Terms: Cash; Conventional; Other
Location Description: Downtown; Free Standing
Lock Box Type: None
Lot Description: Irregular Lot; Tree Coverage - Medium; Underground Utilities
Miscellaneous Information: 2+ Lavatories; 220 Volt; Alarms; Building Sign; Exterior Lighting; Kitchen Facilities; Out Buildings; Three Phase
On Site Utilities: Electric Common
Overhead Door Clearance: 0-9 Feet
Owner Pays: All Utilities; Cable TV; Electricity; Fuel; Gas; Grounds Care; Heat; Hot Water; HVAC Maintenance; Insurance; Janitorial Service; Janitorial Service; Maintenance/Repair; Management; Repairs
Parking Characteristics: Parking Lot; Off Site; Paved Lot; Uncovered/Open
Pool Description: None
Potential Use: Lounge/Bar; Restaurant
Road Frontage: City Street; Curbs; Paved Streets; Storm Sewer
Road Responsibility: Private Maintained Road; Public Maintained Road
Roof: Age 8 Years or Less; Asphalt Shingles; Pitched
Sewer: City Sewer - In Street; City Sewer/Connected
Shared Rooms: Amusement/Party Room
Stories: Two
Topography: Flood Plain; Level
Wall Description: Other/See Remarks
Water: City Water/Connected; Private
Window Features: Double Pane Windows; Insulated Windows

Listing Office: RE/MAX Advantage Plus

Last Updated: November - 11 - 2025

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Tuesday 26th of May 2026 03:44 AM

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