Endless Potential in Prime Faribault Location – Ideal for Student Housing, Assisted Living, or Hospitality Use. Positioned directly across from South Central College’s Faribault Campus, this versatile property presents a rare opportunity for a wide range of commercial or residential applications. Previously utilized as both an assisted living facility and… Read More a group home, the building is perfectly suited for conversion into student housing, a small boutique hotel, or other multi-tenant residential or service-oriented use. Zoned R-4, the property supports a variety of higher-density residential or institutional uses, giving investors and developers the flexibility to realize their vision. A newly installed roof (Spring 2025), well-maintained mechanical systems, and an ADA-compliant handicap ramp from the parking area to the upper level make this an accessible and functional space right from day one. Whether you're looking to expand your portfolio in the healthcare, housing, or hospitality sectors, this property is a solid investment with outstanding location benefits, strong infrastructure, and room for creative development. The sky truly is the limit. Read Less
Listing courtesy of Edina Realty, Inc..
Listing Snapshot
Days Online
355
Last Updated
Lot Size
0.48 Acres
Year Built
1973
MLS Number
6701607
30 Days Snapshot Of 55021
$289k
-5%
(avg) sold price
21
+16%
homes sold
49
+6%
(avg) days on market
Snapshot
Area Map
Additional Details
Amenities
Amenities Unit: "Washer/Dryer Hookup"
Basement
Description: "Block"
Building
Building Area: 5950, Year Built: 1973
Cooling
Details: "Ductless Mini-Split"
Fence
Description: "Chain Link", "Full"
Foundation
Dimensions: 87.6x34
Garage
Spaces: 2
Heating
Heating: "Boiler", "Ductless Mini-Split"
Property
Present Use: Yearly
Roof
Description: "Age 8 Years or Less"
Sewer
Sewer: "City Sewer/Connected"
Utilities
Water Source: "City Water/Connected", Utilities: "Electric Common", "Heating Common", "Hot Water Common", Fuel: "Natural Gas"
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings deemed reliable but not guaranteed. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Obvious Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers. This data is updated ten (10) times daily. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available. Listings courtesy of Regional Multiple Listing Service of Minnesota, Inc. as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information. This data is up-to-date as of . For the most current information, contact Obvious Real Estate, 612-750-1368, [email protected]
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