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Active
$1,395,000
/mo Edit
Commercial:  Other
Built 1880
2.51 acres
Faribault schools
MLS# 6641457
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    Property Description

    Welcome to 112 2nd Avenue SW in Faribault, Minnesotaâ??a unique multi-building property encompassing an entire city block that harmoniously integrates community, educational, and residential spaces. This unique offering includes an iconic church built in 1880 with Plateville Limestone, a school building, and a historic residence, all situated on a 2 plus acre lot. Situated in the heart of Faribault, MN, the property benefits from its proximity to local amenities, schools, and transportation links, enhancing its appeal for a variety of uses. 42 parking stalls are available on-site. This property presents a rare opportunity for developers, educational institutions, community organizations, or others to acquire a versatile space with historical significance. The combination of facilities allows for a multitude of uses, from educational campuses and community centers to residential re-development. Bring your most unique ideas!

    Listing

    Contingency: None
    City: Faribault
    County: Rice
    State: MN
    Property Style: Other
    Zip Code: 55021
    Subdivision Name: Southern Add

    Exterior

    Garage Spaces: 2
    Other Parking Spaces: 42
    Foundation Size: 20,000 ft2
    Handicap Accessible: Partially Wheelchair
    Heating System:
    • Boiler
    • Forced Air
    Parking Features: Parking Lot
    Exterior Material:
    • Brick/Stone
    • Stucco

    Lot & Land

    Acres: 2.51
    Geolocation: 44.289954, -93.272211
    Inclusions: Building, Fixture/Equipment, Land
    Lot Dimensions: Irregular
    Zoning: Business/Commercial

    Schools

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

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $160
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $160

    Units

    Total Units: 3

    Miscellaneous

    Current Use:
    • Church
    • Commercial
    • Event Space
    • Office
    • Other
    Fuel System:
    • Electric
    • Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer - In Street
    Available Utilities:
    • Electric Separate
    • Heating Separate
    Water System: City Water - In Street

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    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 Northco Real Estate Services.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.