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$399,900 -$19,100 (-4.56%) Price Reduced

  • For Sale
  • Active
  • Commercial
  • 0.754 Acres
  • Updated 1 day ago
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Opportunity knocks! This unique and historic property has an abundance of potential! P.H Feely & Sons Grain Elevator will charm the historians, challenge the developers, rock the open-minded thinkers and warm the hearts of residents if developed into something that would complement the Farmington Downtown area. This property is zoned B2 (downtown business district) which would allow for a wide range of uses from a brewery, retail, offices, light manufacturing just to name a few. Call today for more details!

Full Property Details for 420 2nd St

General

  • Price: $399,900
  • Taxes: $2,962 (2024)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6759862
  • Updated: 6/23/2026
  • Added to Site: 337 day(s) ago

Parking

  • Garage: Yes
  • Garage Spaces: 3
  • Parking Features: Gravel, Finished Garage

Location

  • County: Dakota
  • Township: Farmington
  • Driving Directions: Hwy 3 to Hwy 50 (Elm) west to 3rd St, south to Spruce St., west to property.

School Information

  • School District: 192 - Farmington
  • High School District: Farmington

Heating & Cooling

  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

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

Structural Information

  • Foundation Size: 2970
  • Disability Access: None
  • Current Bldg. Use: Other, Warehouse
  • Year Built: 1894

Lot Features

  • Lot Size (Acres): 0.754
  • Lot Dimensions: 567 x 54
  • Zoning: Industrial

Financial Considerations

  • Tax Amount: $2,962
  • Tax Year: 2024

Disclosures and Reports

  • Legal Description: 31 114 19 PT OF DEPOT GRDS FORMER CMSTP&P RR IN TN OF FARM COM PT OF INT OF W'LY EXT C/L WALNUT ST & A L 50 FT E'LY MEAS AT R/A & PAR C/L MN TK SOO L N10DE200.31 FT TO BEG S79D E PERP TO SD PAR L 60 FT N10D E PAR C/L MN TK 255.98 FT TO W'LY EXT OF C/ L SPRUCE ST N89D E ALONG SD W'LY EXT 20.64 FT N8D E86.64F N7D E 85.99 FT N4D E116.56 FT N8D E 157.51 FT TO W'LY EXT C/L OAK ST S89D ON SD W'LY EXT 54. 83 FT TO PT OF INT WITH L50 FT E'LY OF C/L MN TK SOO L S10 D W 695 FT TO BEG
  • Inclusions: Building
  • Property ID: 140310022012

Listed by Top Notch Properties & Realty Services

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— 420 2nd St —

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NMLS#: 1598647

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NMLS#: 1598647

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

Schools serving 420 2nd St

School District:Farmington Area Public Schools
NameGradesDistance
Farmington Elementary School
500 Maple Street, Farmington, MN 55024
K-50.4 mi
Robert Boeckman Middle School
800 Denmark Avenue, Farmington, MN 55024
6-80.5 mi
Farmington High School
20655 Flagstaff Avenue, Farmington, MN 55024
9-123 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 420 2nd St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/23/2026
Price Reduced
$399,900
-4.56%
MLS
7/23/2025
Listed
$419,000
222.31%
MLS
7/06/2021
Sold
$130,000
—
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 420 2nd St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,426
16%
$160,300
3%
2025
$2,962
7%
$155,400
4%
2024
$2,756
4%
$149,800
5%
2023
$2,658
—
$143,100
-21%
2023
$2,658
-41%
$180,600
—
2022
$4,476
-8%
$180,600
—
2020
$4,870
-21%
$179,900
2%
2019
$6,135
—
$176,600
—
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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420 2nd Street, Farmington, MN 55024 (MLS# 6759862) is a Commercial property. 420 2nd Street is currently listed for $399,900 and was received on July 23, 2025. Want to learn more about 420 2nd Street? Do you have questions about finding other Commercial real estate for sale in Farmington? You can browse all Farmington real estate or contact a Coldwell Banker agent to request more information.

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