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511 4th St NW
Faribault, MN 55021
Retail Property For Sale
Investment Highlights
- Prime location in a high-traffic, vibrant district
- Ideal for retail, office, or specialty business concepts
- Fully handicap accessible for inclusive access
- Opportunity for supplemental income to offset mortgage
Executive Summary
This unique combination commercial and residential property boasts a cozy 2- Bedroom apartment in a prime, centrally located area. With numerous upgrades, the building features modern amenities and stylish finishes. The property is situated in a vibrant, high-traffic zone, ensuring great visibility for any commercial needs. Plus, it's fully handicap accessible, making it convenient and inclusive for everyone. So, if you have a business concept and would like to have some supplemental income to offset your mortgage, this one's for you! A great investment opportunity.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
2,000 SF
Building Class
C
Year Built
1910
Price
$460,362 CAD
Price Per SF
$230.18 CAD
Percent Leased
12%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.31
Lot Size
0.15 AC
Zoning
commercial/residential - commercial/residential
Parking
7 Spaces (3.5 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 18.31.1.26.237 | Improvements Assessment | $318,044 CAD |
| Land Assessment | $50,653 CAD | Total Assessment | $368,697 CAD |
Property Taxes
Parcel Number
18.31.1.26.237
Land Assessment
$50,653 CAD
Improvements Assessment
$318,044 CAD
Total Assessment
$368,697 CAD
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