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$1,750,000

  • Sold
  • Closed
  • Business
  • 4,892 Sq. Ft.
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The Depot Bar and Grill in Faribault has long been a Minnesota staple-a top-tier restaurant and destination location known for its high-quality prepared dishes, daily specials, and welcoming atmosphere. Great for business meetings, events, and for family and friend gatherings alike. After 35 years under the same ownership, this iconic dining destination includes real estate & business sale - now available for the next chapter and new owner to carry this legacy establishment forward. Housed in the historic Depot train station in downtown Faribault, this landmark restaurant blends rich local history, ambiance galore and legacy culinary excellence. Owned/operated by a classically trained chef, The Depot is beloved for its warm ambiance and excellent reputation as the perfect place for celebrations & gathering, offering a unique dining experience bringing the past to life.

Full Property Details for 311 Heritage Pl

General

  • Sold For: $1,750,000
  • Taxes: $16,392 (2025)
  • Status: Closed
  • Type: Business
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6710180
  • Added to Site: 262 day(s) ago

Parking

  • Parking Features: Asphalt, Off Site, Parking Lot, Paved, Open

School Information

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

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air, Dual
  • Heating Type: Boiler
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected, City Sewer in Street
  • Water: City Water (Connected), Private
  • Utility Description: Electric Common

Financial Considerations

  • Operating Expenses: $1
  • Tax Amount: $16,392
  • Tax Year: 2025
  • Owner Pays: All Utilities, Cable TV, Electricity, Fuel, Gas, Insurance, Janitorial Service, Repairs
  • Pays Cable: Owner Pays
  • Pays Electric: Owner Pays
  • Pays Gas: Owner Pays

Disclosures and Reports

  • Legal Description: LOT 1 BLOCK 2 OF HERITAGE PARK
  • Inclusions: Building, Business Assets, Business, Fixture/Equipment, Inventory, Land, Liquor License
  • Property ID: 1831101007

Listed by RE/MAX Advantage Plus
Sold by Non-MLS

Listing agents

— 311 Heritage Pl —

  • RE/MAX Advantage Plus

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 311 Heritage Pl

School District:Faribault Public School District
NameGradesDistance
Roosevelt Elementary School, Faribault, MN
925 Parshall Street, Faribault, MN 55021
K-50.7 mi
Faribault Middle School
704 17th Street Southwest, Faribault, MN 55021
6-81.8 mi
Faribault Senior High School
330 9th Avenue Southwest, Faribault, MN 55021
9-121.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 311 Heritage Pl

Date
Details
Price
Change
Source
11/10/2025
Sold
$1,750,000
-30%
MLS
4/28/2025
Listed
$2,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by RE/MAX Advantage Plus
Sold by Non-MLS

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311 Heritage Place, Faribault, MN 55021 (MLS# 6710180) is a Business property that was sold at $1,750,000 on November 10, 2025. Want to learn more about 311 Heritage Place? Do you have questions about finding other Business real estate for sale in Faribault? You can browse all Faribault real estate or contact a Coldwell Banker agent to request more information.