311 Lyndale Avenue N, Faribault, MN 55021 (MLS# 7114244)

311 Lyndale Avenue N, Faribault, MN 55021

$1,200,000
Property Type: Commercial Square Footage: 4,118 Lot Size (sq. ft.): 22,651 Status: Active
Current Price: $1,200,000 List Date: 7/22/2026 Last Modified: 7/22/2026

Overview

Description

Outstanding opportunity to purchase or lease a highly visible commercial building just off Interstate 35 in Faribault. This 4,118 SF former Speedway convenience store sits on approximately 0.53 acres with excellent frontage and exposure along Lyndale Avenue. The property features an open retail layout, commercial kitchen infrastructure including a working exhaust hood, walk-in freezer, and existing cooler cases, making it well-suited for restaurant, convenience store, grocery, specialty retail, food service, or a variety of commercial uses. Surrounded by national retailers and restaurants with approximately 12,000-13,000 vehicles per day, this location offers exceptional visibility and accessibility. Available for sale at $1,200,000 or lease at $20.00/SF Modified Gross.

Listing Details MLS# 7114244

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
25
Owner Occupied
No
Waterfront YN
No
Year Built
1987
Yearly/Seasonal
Yearly
Zoning
Business/Commercial, Lot
Foundation Size
4118
For Sale or Lease
For Sale
Acres
0.52
Lot Dimensions
130x255
Assessment Pending
No

Property Features

Accessible: Doors 36"+; Grab Bars In Bathroom; Wheelchair Ramp Assumable Loan: Not Assumable CMU Style: Apartments and Retail; Business Opportunity; Car Wash; Office; Retail/Shopping Center; Single Occupancy Commercial Kitchen Appliances: Freezer; Fryer; Grill; Other; Prep Station; Refrigerator; Walk-In Cooler/Freezer Construction Status: Previously Owned Current Use: Retail Exterior: Brick Veneer Foundation: Slab Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional; Conventional Rehab; Trade Lock Box Type: Combo On Site Utilities: Electric Common; Heating Common; Hot Water Common Parking Characteristics: Parking Lot; Paved Lot Potential Use: Grocery; Income; Lounge/Bar; Office; Other; Professional; Rest/Lounge; Restaurant; Retail; Service Station; Shop Rent Rate per Foot: Gross Roof: Flat Sewer: City Sewer/Connected Stories: One Water: City Water/Connected Window Features: Insulated Windows

Contract Information

Contingency
None
ListPrice
1200000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
311
Street Name
Lyndale
Street Suffix
Avenue
Street Direction Suffix
N
Postal City
Faribault
County
Rice
State
MN
Zip Code
55021
Complex/Dev/Subdivision
Fifth Principal Meridian

Assessments

Tax With Assessments
8782

Building Information

Building Finished SqFt
4118
Building SqFt
4118

More Information

Lease Details

Land Leased
Not Applicable

Lock Box Type

Lock Box Source
OTHER

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
21
Section#
36
Township#
110

Sale Options

Sale Includes
Building, Fixture/Equipment

Unit 1

Unit Number
Yes
Monthly Rent
7000
Leased?
No

Unit Details

Total Units
Yes
IDX
Listing Office: Revival Commercial Real Estate
Last Updated: July - 22 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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