511 4th Street NW, Faribault, MN 55021 (MLS# 6818781)

511 4th Street NW, Faribault, MN 55021

$319,900
Property Type: Commercial Bedrooms: 2 Baths: 1 Square Footage: 1,766 Lot Size (sq. ft.): 7,405 Status: Active
Current Price: $319,900 List Date: 11/17/2025 Last Modified: 8/31/2026

Overview

Description

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.

Listing Details MLS# 6818781

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
10
Waterfront YN
No
Year Built
1910
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
768
For Sale or Lease
For Sale
Acres
0.17
Lot Dimensions
43.5 x 165
Assessment Pending
No

Property Features

Accessible: Fully Wheelchair Air Conditioning: Central Air Appliances: Microwave; Range; Refrigerator Basement: Full CMU Style: Apartments and Retail Construction Status: Previously Owned Current Use: Commercial Exterior: Vinyl Foundation: Other Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional Lock Box Type: Combo On Site Utilities: Electric Common Owner Pays: All Utilities Parking Characteristics: Parking Lot; Paved Lot Road Frontage: City Street Roof: Age Over 8 Years Sewer: City Sewer/Connected Stories: Two Tenant Pays: Broadband Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
319900
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
511
Street Name
4th
Street Suffix
Street
Street Direction Suffix
NW
Postal City
Faribault
County
Rice
State
MN
Zip Code
55021
Complex/Dev/Subdivision
Original City

Assessments

Assessment Balance
200
Tax With Assessments
4180

Basement

Foundation Dimensions
24 x 32

More Information

Building Information

Building Finished SqFt
1637
Building SqFt
1766

Income and Expenses

Annual Gross Income
7800

Lease Details

Land Leased
Not Applicable

Lock Box Type

Lock Box Source
SPAAR

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Sale Options

Sale Includes
Building

Unit 1

Unit Number
Yes
Monthly Rent
650
Full Baths
Yes
Total Bathrooms
Yes
Total Bedrooms
2
Total Rooms
6
Level
2nd Level
Unit Total SqFt
709
Leased?
Yes
Lease Expiration Date
2025-12-31

Unit 2

No. of 2 Bedroom Units
Yes

Unit Details

Total Units
2
IDX
Listing Office: Edina Realty, Inc.
Last Updated: August - 31 - 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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