511 4th Street NW, Faribault, MN 55021 (MLS# 6818781)
$319,900
Faribault, MN 55021
MLS# 6818781
2 beds | 1 baths | 1766 sqft
1 / 55
Property Description
This unique combination commercial and residential property boasts a cozy 2- Bedroom apartment in a prime, centrally located area. With numerous upgrades, the building features modern amenities and stylish finishes. The property is situated in a vibrant, high-traffic zone, ensuring great visibility for any commercial needs. Plus, it's fully handicap accessible, making it convenient and inclusive for everyone. So if you have a business concept and would like to have some supplemental income to offset your mortgage, this one's for you! A great investment opportunity.
Details
Maps
Contract Information
Status: Active
Current Price: 319900
Contingency: None
ListPrice: 319900
List Date: 2025-11-17
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 10
Waterfront YN: No
Year Built: 1910
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Bedrooms: 2
Baths Total: 1
Foundation Size: 768
For Sale or Lease: For Sale
Acres: 0.17
Lot Dimensions: 43.5 x 165
Assessment Pending: No
Location Tax and Other Information
House Number: 511
Street Name: 4th
Street Suffix: Street
Street Direction Suffix: NW
Postal City: Faribault
County: Rice
State: MN
Zip Code: 55021
Complex/Dev/Subdivision: Original City
Assessments
Assessment Balance: 200
Tax With Assessments: 4180
Basement
Foundation Dimensions: 24 x 32
Building Information
Building Finished SqFt: 1637
Building SqFt: 1766
Income and Expenses
Annual Gross Income: 7800
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
Unit 1
Unit Number: 1
Monthly Rent: 650
Full Baths: 1
Total Bathrooms: 1
Total Bedrooms: 2
Total Rooms: 6
Level: 2nd Level
Unit Total SqFt: 709
Leased?: Yes
Lease Expiration Date: 2025-12-31
Unit 2
No. of 2 Bedroom Units: 1
Unit Details
Total Units: 2
Property Features
Accessible: Fully Wheelchair
Air Conditioning: Central Air
Appliances: Microwave; Range; Refrigerator
Basement: Full
CMU Style: Apartments and Retail
Construction Status: Previously Owned
Current Use: Commercial
Exterior: Vinyl
Foundation: Other
Fuel: Natural Gas
Heating: Forced Air
Loan Terms: Cash; Conventional
Lock Box Type: Combo
On Site Utilities: Electric Common
Owner Pays: All Utilities
Parking Characteristics: Parking Lot; Paved Lot
Road Frontage: City Street
Roof: Age Over 8 Years
Sewer: City Sewer/Connected
Stories: Two
Tenant Pays: Broadband
Water: City Water/Connected
Listing Office: Edina Realty, Inc.
Last Updated: October - 14 - 2026
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. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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