# 12 3rd Street NE, Faribault, MN 55021

> **TL;DR:** commercial, $319,000, built 1920. Est. $1,382/mo. Listed 80 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $319,000 |
| Year Built | 1920 |
| Lot Size | 10,890 sqft (0.25 acres) |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 80 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,382 |
| **Total** | **$1,382** |

## Property Highlights

- Built in 1920
- 0.25 acre lot

## Description

### Agent Description
Check out this prime mixed-use opportunity in the heart of downtown Faribault! Unlock the potential of this versatile downtown gem, perfectly positioned in one of Southern Minnesota’s most up-and-coming small towns-just 35 minutes south of the Twin Cities, right off Interstate 35. This mixed-use building offers two main-level commercial spaces. One unit is currently leased with a solid two-year agreement in place, providing immediate income. The second storefront is move-in ready: ideal for an owner-occupant or an easy addition to your investment portfolio. With great foot traffic and charming curb appeal, this space is perfect for a boutique, ice cream shop, yoga/exercise studio, or other small business ventures. Investors, Contractors, Entrepreneurs-this one's for you! Upstairs, the opportunities are endless. With some renovation, the upper level can be restored to its original residential layout, with potential for three studio or one-bedroom apartments, or reconfigured for larger units to meet growing rental demand in the area. The property is currently undergoing a parcel split, which will be completed prior to closing. A shared wall agreement and access to shared water/sewer lines with adjacent parcels will be included. Seller will also install a separation wall upstairs to define private apartment space on the west side. Location, Location, Location!  
Just steps from the exciting new Viaduct Park development: featuring splash pads, an ice rink, and future attractions & features aimed to increase tourism and local activity. Surrounded by popular restaurants, shops, and ongoing downtown revitalization, this is your chance to plant roots in a community on the rise. Whether you're expanding your business, growing your investment portfolio, or dreaming up your next big idea-this is the kind of opportunity that doesn’t come around often. Schedule your showing today and claim your piece of Faribault’s future!

## Location

- **Address:** 12 3rd Street NE, Faribault, MN 55021
- **County:** Rice
- **Neighborhood:** City/Faribault
- **Coordinates:** 44.29214252, -93.27701851
- **Google Maps:** https://www.google.com/maps?q=44.29214252,-93.27701851

## Listing Agent

- **Name:** Hailey M. Warner
- **Brokerage:** eXp Realty
- **Phone:** 5072101625
- **Email:** hailey.warnergroup@gmail.com

## Primary Photo

![12 3rd Street NE - Primary Photo](http://lh.rdcpix.com/4c35cb8d1769e3cc0e246a484c3510a7l-f3811834573r.jpg)

*36 total photos available on [listing page](https://www.propertysimple.com/listing/12-3rd-street-ne-faribault-mn-55021-7012006)*

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**MLS#:** 7012006 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/12-3rd-street-ne-faribault-mn-55021-7012006)

---

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