, Faribault, MN 55021 (MLS# 6783159)
$1,375,000
MLS# 6783159
Status: Closed
1 / 32
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
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.
Thursday 22nd of October 2026 05:26 PM
218-998-4400
Mohagen Real Estate
Let's Connect
Mohagen Real Estate
sue@MohagenRealEstate.com
Office: 218-998-4400
Cell: 218-731-7376
Mohagen Real Estate is licensed in the State of Minnesota