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$850,000 Just Listed
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Full Property Details for 118 1st Ave NE
General
- Price: $850,000
- Taxes: $12,862 (2026)
- Status: Active
- Type: Commercial
- Source: NorthStarMLS_RMLS
- MLS ID: 7071760
- Updated: 5/12/2026
- Added to Site: 1 day(s) ago
Parking
- Parking Features: Guest Parking, Other, Parking Lot, Paved Lot, Open
Location
- County: Rice
- Township: Faribault
- Subdivision: City/Faribault
- Driving Directions: From I-35 southbound from the Twin Cities, MN-60 exit. Continue east on MN-60/4th Street NW into Faribault. Turn right onto 1st Avenue NE.
School Information
- School District: 656 - Faribault
- High School District: Faribault
Heating & Cooling
- Central air: Yes
- Cooling Type: Central Air
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
- Utility Description: Electric Common, Heating Common, Hot Water Common
Structural Information
- Foundation Size: 6450
- Roof: Flat
- Disability Access: Grab Bars In Bathroom, Hallways 42"+, No Stairs Internal, Wheelchair Ramp(s)
- Square Feet: 6,450
- Finished Down/Base.: 6,450 Sq. Ft.
- Current Bldg. Use: Commercial, Office, Professional Service
- Year Built: 1900
Unit Information
- Units w/Refrigerators: 1
Lot Features
- Lot Size (Acres): 0.25
- Lot Dimensions: 10, 890 SF
- Frontage: City Street, Paved Streets
- Potential Use: Office, Other, Professional Service, Retail, Diversified
- Zoning: Business/Commercial
Financial Considerations
- Tax Amount: $12,862
- Tax Year: 2026
- Terms: Conventional, Cash
- Tenant Pays: Electricity, Gas, Insurance, Maintenance, Other, Snow Removal, Taxes, Trash Collection, Water
- Pays Electric: Tenant Pays
- Pays Gas: Tenant Pays
- Pays Trash: Tenant Pays
- Pays Water: Tenant Pays
Disclosures and Reports
- Legal Description: LOT 3 BLOCK 69 OF ORIGINAL TOWN FARIBAULT
- Inclusions: Building, Leases
- Property ID: 1831126485
Listed by RE/MAX Experts
Schools serving 118 1st Ave NE
| Name | Grades | Distance |
|---|---|---|
Roosevelt Elementary School, Faribault, MN 925 Parshall Street, Faribault, MN 55021 | K-5 | 0.9 mi |
Faribault Middle School 704 17th Street Southwest, Faribault, MN 55021 | 6-8 | 1.6 mi |
Faribault Senior High School 330 9th Avenue Southwest, Faribault, MN 55021 | 9-12 | 1 mi |
Price & Sales History for 118 1st Ave NE
Tax History for 118 1st Ave NE
Estimate the Cost for 118 1st Ave NE
118 1st Avenue NE, Faribault, MN 55021 (MLS# 7071760) is a Commercial property. 118 1st Avenue NE is currently listed for $850,000 and was received on May 11, 2026. Want to learn more about 118 1st Avenue NE? Do you have questions about finding other Commercial real estate for sale in Faribault? You can browse all Faribault real estate or contact a Coldwell Banker agent to request more information.

