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$1,200,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • 4,118 Sq. Ft.
  • 0.529 Acres
  • Updated 4 days ago
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Outstanding opportunity to purchase or lease a highly visible commercial building just off Interstate 35 in Faribault. This 4,118 SF former Speedway convenience store sits on approximately 0.53 acres with excellent frontage and exposure along Lyndale Avenue. The property features an open retail layout, commercial kitchen infrastructure including a working exhaust hood, walk-in freezer, and existing cooler cases, making it well-suited for restaurant, convenience store, grocery, specialty retail, food service, or a variety of commercial uses. Surrounded by national retailers and restaurants with approximately 12,000-13,000 vehicles per day, this location offers exceptional visibility and accessibility. Available for sale at $1,200,000 or lease at $20.00/SF Modified Gross.

Full Property Details for 311 Lyndale Ave N

General

  • Price: $1,200,000
  • Taxes: $8,782 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7114244
  • Updated: 7/22/2026
  • Added to Site: 4 day(s) ago

Parking

  • Parking Features: Parking Lot, Paved Lot

Location

  • County: Rice
  • Township: Faribault
  • Subdivision: Fifth Principal Meridian
  • Driving Directions: From Hwy 60 go south 200ft on 35W - property on East side of Hwy between Dairy Queen and Arby's

School Information

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

Heating & Cooling

  • 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: 4118
  • Roof: Flat
  • Disability Access: Doors 36"+, Grab Bars In Bathroom, Wheelchair Ramp(s)
  • Square Feet: 4,118
  • Finished Down/Base.: 4,118 Sq. Ft.
  • Current Bldg. Use: Retail
  • Year Built: 1987

Lot Features

  • Lot Size (Acres): 0.529
  • Lot Dimensions: 130 x 255
  • Potential Use: Office, Other, Professional Service, Rest/Lounge, Restaurant, Retail, Service Station, Shop, Grocery, Income, Lounge/Bar, Medical/Dental
  • Zoning: Business/Commercial, Lot

Financial Considerations

  • Tax Amount: $8,782
  • Tax Year: 2025
  • Terms: Conventional Rehab, Conventional, Trade, Cash

Disclosures and Reports

  • Legal Description: PART W2 L14 & E5.16AC L13 ST SUB SEC36 BEG NW COR L14 TH ELY ALG N LI L14 99.84FT TO NW COR E2 W2 L14 TH S0D09'10"W ALG W LI E2 W2 L14 527.64FT TPOB TH S89D59'55"W 527.64FT 149.05FT TAP IN ELY R/W HWY 165 TH S0D54'03"W ALG HWY R/W 110.02FT TH N89D59' 55"E 68.43FT TH S0D00'05"E 20FT TH N89D59'55"E 68.43FT TH S0D00'0 5"E 20FT TH N89D59'55"E 186.64FT TAP IN E LI W2 L14 TH N0D08'25"E ALG E LI W2 77.64FT TAP IN A LI 580FT SLY FR & P/W N LI L14 TH S89D59'55"W ALG LI 580FT SLY FR & P/W N LI L14 94.82FT TH N0D09'10"E 52.28FT TH S89D59'55"W 10FT TAP IN W LI E2 W2 L14 TH N0D09'10"E ALG W LI E2 W2 0.08FT
  • Inclusions: Building, Fixture/Equipment
  • Property ID: 1836150005

Listed by Revival Commercial Real Estate

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— 311 Lyndale Ave N —

  • Revival Commercial Real Estate

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 311 Lyndale Ave N

School District:Faribault Public School District
NameGradesDistance
Lincoln Elementary School, Faribault, MN
510 Lincoln Avenue Northwest, Faribault, MN 55021
K-50.2 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
9-120.5 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 311 Lyndale Ave N Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/22/2026
Listed
$1,200,000
393.83%
MLS
6/02/2016
Sold
$243,000
—
Public Record
Get Price Alerts and Save Property
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 311 Lyndale Ave N

Year
Property Taxes
Change
Tax Assessment
Change
2026
$9,746
—
$406,400
9%
2026
$9,746
31%
$373,500
15%
2024
$7,450
-1%
$323,400
—
2023
$7,540
—
$323,400
11%
2021
$7,540
2%
$290,300
-6%
2023
$7,380
—
$309,700
10%
2020
$7,362
-2%
$280,800
1%
2019
$7,492
1%
$277,200
3%
2018
$7,406
—
$267,900
11%
2017
$7,432
-2%
$241,300
—
2016
$7,616
11%
$241,300
8%
2015
$6,846
-6%
$224,200
—
2014
$7,318
-1%
$224,200
-4%
2013
$7,398
—
$232,600
—
View All
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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311 Lyndale Avenue N, Faribault, MN 55021 (MLS# 7114244) is a Commercial property. 311 Lyndale Avenue N is currently listed for $1,200,000 and was received on July 22, 2026. Want to learn more about 311 Lyndale Avenue N? 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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