, Faribault, MN 55021 (MLS# 6783159)
$1,375,000
MLS# 6783159
Status: Closed
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Property Description
Exceptionally located industrial/commercial property with nearly 5 acres. Multiple outbuildings with storage, heated shops, office, etc. Formerly used as a concrete plant.
Details
Contract Information
Status: Closed
Off Market Date: 2026-04-03
Current Price: 1100000
Closed Date: 2026-06-15
Sales Close Price: 1100000
Contingency: None
ListPrice: 1375000
List Date: 2025-09-09
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: Yes
Other Parking Spaces: 100
Owner Occupied: No
Waterfront YN: No
Year Built: 1976
Yearly/Seasonal: Yearly
Zoning: Business/Commercial, Industrial
Foundation Size: 10556
Garage Stalls: 15
For Sale or Lease: For Sale
Acres: 4.75
Lot Dimensions: 300x700
Assessment Pending: No
Location Tax and Other Information
Postal City: Faribault
County: Rice
State: MN
Zip Code: 55021
Additional Parcels Information
Property ID #2: 1819350003
Assessments
Tax With Assessments: 8844
Building Information
Building Finished SqFt: 1116
Income and Expenses
Annual Gross Expenses: 5808
Annual Gross Income: 67200
Annual Insurance Expense: 4500
Annual Net Income: 61392
Total Annual Expenses: 5808
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 20
Section#: 19
Township#: 110
Sale Options
Sale Includes: Building, Fixture/Equipment, Land, Leases
Unit Details
Total Units: 3
Property Features
Accessible: None
Assumable Loan: Not Assumable
CMU Style: Industrial; Mixed Use; Office; Warehouse
Construction Status: Previously Owned
Current Use: Commercial; Industrial; Warehouse
Exterior: Other
Financing Terms: Conventional
Foundation: Combination; Concrete Block; Slab
Fuel: Natural Gas
Heating: Boiler; Forced Air
Loan Terms: Cash; Conventional; Special Funding
Lock Box Type: None
On Site Utilities: Electric Common; Heating Common; Hot Water Common
Parking Characteristics: Parking Lot; Floor Drain; Storage; Uncovered/Open
Potential Use: Industrial; Retail; Shop; Warehouse
Sewer: City Sewer/Connected
Stories: One
Tenant Pays: All Utilities; Common Area Maintenance; Grounds Care; Janitorial Service; Lawn; Snow Removal; Trash Collection
Water: City Water/Connected
Listing Office: Coldwell Banker River Valley, REALTORS
Last Updated: August - 27 - 2026
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Thursday 22nd of October 2026 01:14 PM
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