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$1,095,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • 3,300 Sq. Ft.
  • 0.075 Acres
  • Updated 15 hours ago
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Investment opportunity in the heart of downtown Faribault. This 9-unit mixed-use property consists of eight renovated residential apartments and one commercial space. The residential units have been extensively renovated with updated kitchens, bathrooms, flooring, and finishes, along with new electric baseboard heat, allowing residents to control and pay for their own heating costs. Additional capital improvements include a newer roof with a transferable warranty and a new fire panel. The commercial space is leased through December 2030, providing in-place income, while the eight renovated residential units are currently vacant, giving the next owner the opportunity to complete lease-up and stabilize the property. Commercial tenant pays their own gas/electric/trash/sewer/internet and is in charge of HVAC maintenance. Convenient downtown location near businesses, restaurants, and services. An opportunity to acquire a substantially improved mixed-use asset with much of the renovation and capital improvement work already completed.

Full Property Details for 14 3rd St NW

General

  • Price: $1,095,000
  • Taxes: $6,336 (2026)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7135428
  • Updated: 8/31/2026
  • Added to Site: 1 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 8

Bedrooms

  • Total Bedrooms: 8

Parking

  • Parking Features: None

Location

  • County: Rice
  • Township: Faribault
  • Subdivision: City/Faribault
  • Driving Directions: 4th St West, right on 1st ave, left on 3rd st

School Information

  • School District: 656 - Faribault
  • High School District: Faribault

Heating & Cooling

  • Heating Type: Baseboard
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Separate

Structural Information

  • Foundation Size: 1100
  • Disability Access: None
  • Square Feet: 3,300
  • Finished Down/Base.: 3,300 Sq. Ft.
  • Current Bldg. Use: Residential, Retail
  • Year Built: 1910

Lot Features

  • Lot Size (Acres): 0.075
  • Lot Dimensions: 50 x 66
  • Zoning: Business/Commercial

Financial Considerations

  • Tax Amount: $6,336
  • Tax Year: 2026
  • Terms: Conventional, VA, FHA, Cash, Other
  • Owner Pays: Common Area Maintenance, Sewer, Trash Collection, Water
  • Tenant Pays: All Utilities, Electricity, Gas
  • Pays Electric: Tenant Pays
  • Pays Gas: Tenant Pays
  • Pays Trash: Owner Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: ORIG TOWN W50FT L1 B45
  • Inclusions: Building
  • Property ID: 1831126282

Listed by RE/MAX Results

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— 14 3rd St NW —

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NMLS#: 1598647

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Schools serving 14 3rd St NW

School District:Faribault Public School District
NameGradesDistance
Roosevelt Elementary School, Faribault, MN
925 Parshall Street, Faribault, MN 55021
K-50.9 mi
Faribault Middle School
704 17th Street Southwest, Faribault, MN 55021
6-81.7 mi
Faribault Senior High School
330 9th Avenue Southwest, Faribault, MN 55021
9-120.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 14 3rd St NW Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/31/2026
Listed
$1,095,000
167.07%
MLS
6/13/2025
Sold
$410,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 14 3rd St NW

Year
Property Taxes
Change
Tax Assessment
Change
2026
$6,336
—
$371,500
4%
2026
$6,336
-3%
$358,200
14%
2024
$6,532
-10%
$313,500
—
2023
$7,274
—
$313,500
7%
2021
$7,274
34%
$292,400
-3%
2023
$5,418
-28%
$301,000
7%
2020
$7,484
24%
$282,400
20%
2019
$6,030
—
$235,700
13%
2018
$6,018
-10%
$207,900
-5%
2017
$6,720
20%
$218,400
—
2016
$5,582
1%
$218,400
8%
2015
$5,536
-6%
$202,000
—
2014
$5,900
3%
$202,000
—
2013
$5,720
—
$202,000
—
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Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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14 3rd Street NW, Faribault, MN 55021 (MLS# 7135428) is a Commercial property. 14 3rd Street NW is currently listed for $1,095,000 and was received on August 31, 2026. Want to learn more about 14 3rd Street NW? 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.

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