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Active
$199,900
/mo Edit
Commercial:  Business Opportunity
Built 1947
0.15 acres
Faribault schools
MLS# 6613626
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    Property Description

    Are you looking for that unique property that can provide for many uses, look no further! This commercial building houses a security system and a 220 volt 3- Phase Electrical System used to generate, transmit, and distribute electricity, typically used in industrial & manufacturing settings. In the basement you will find a vault door leading into an area that features climate controlled capability. The basement walls and ceiling features cement forms that provide as much security as a bank vault! The basement area also has plenty of heavy duty removable storage shelving and would make for an ideal grow room! On the main level you could set up a retail store or create office space, as you service the traffic & customers that drive by daily! The sky is definitely the limit with this diamond in the rough! Hurry on out for a showing, as it won't last long!

    Listing

    Contingency: None
    City: Faribault
    County: Rice
    State: MN
    Property Style: Business Opportunity
    Zip Code: 55021
    Subdivision Name: E H Loyhed Add

    Exterior

    Other Parking Spaces: 6
    Air Conditioning: Central Air
    Foundation Size: 1,200 ft2
    Handicap Accessible: None
    Heating System: Forced Air
    Parking Features: Other
    Exterior Material: Block

    Lot & Land

    Acres: 0.15
    Geolocation: 44.282619, -93.271273
    Inclusions: Building
    Lot Dimensions: 1 x 1
    Zoning:
    • Business/Commercial
    • Industrial

    Schools

    School District: 656
    District Phone: 507-333-6016

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $1,284
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $1,364

    Units

    Total Units: 1

    Miscellaneous

    Current Use: Retail
    Fuel System: Natural Gas
    Sewer System: City Sewer/Connected
    Available Utilities: Electric Common
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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    Listing provided by RMLS, courtesy of Edina Realty, Inc..
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.