USAMNFaribaultState1150 3Rd St Sw
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$715,000

1150 3 Rd St Sw, Faribault, MN

Condo

For Sale

$--,---,---
000
  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Commercial Sale
Size -
Garage Yes
Maintenance Fees 
Taxes $8,266
Days Active 84
Approx. Age 1973
MLS® Number 6701607

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

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 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.Show Description
MLS® Number6701607
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageYes
Approx. Age1973
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatBoiler, Ductless Mini-Split
A/CDuctless Mini-Split
Heating Fuel

Extras

Building

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