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112 2nd SW ave - Unique City Block Re-Use or Development

46,075 SF Specialty Building Offered at $2,003,304 CAD in Faribault, MN 55021

Investment Highlights

  • Multi-building property featuring a sanctuary, school, & parsonage on an entire city block in Faribault, MN, offering redevelopment potential
  • The 32,561 SF school, built in 1958, includes 16 classrooms with sinks, offices, a cafeteria, a gymnasium with a sports court, stage & bleachers
  • Centrally located within Faribault, MN, with convenient access to local amenities and transportation
  • Built in 1880, the 5,698 SF sanctuary includes seating for 570, a 985 SF balcony, lower level with classrooms, an assembly hall, & kitchen/dining area
  • 7,680 sq. ft. parsonage offers additional potential, though it is need of renovation
  • The Property includes 42 parking spaces with a parking ratio of 0.91 per 1,000 sq. ft. of GBA, making it adaptable for various uses

Executive Summary

SVN | Northco is pleased to present, as exclusive advisor to ownership, the listing of 112 2nd Avenue Southwest, Faribault, MN 55021 (“Property”), a unique multi-building campus occupying an entire city block on the west side of 2nd Avenue Southwest, between Division Street North and 1st Street Southwest. The Property spans three distinct buildings—a sanctuary, parsonage, and school—offering a combined Gross Building Area (GBA) of 46,075 square feet and significant redevelopment potential.
The sanctuary, originally constructed in 1880, provides 5,698 square feet of main worship space, including a 985-square-foot balcony, and can accommodate up to 570 people. Below the main sanctuary, the lower level offers an additional 2,600 square feet, featuring classrooms, a kitchen, a dining hall, and an assembly area.
The school, built in 1958, boasts 32,561 square feet across three stories, including a finished garden-level basement. The building contains 16 classrooms equipped with sink stations, three private offices, two administrative offices, a cafeteria, and a gymnasium with a sports court, stage, and bleachers, making it ideal for a variety of uses.
The parsonage, constructed in 1920, offers 7,680 square feet of space over two stories, with an additional 2,464 square feet of unfinished basement. Although the parsonage has been used as office space in recent years, it has been vacant since 2020 and is in need of renovation.
LOCATION DESCRIPTION:
The Property is located in Faribault, Minnesota, offering a blend of small-town charm and convenient access to outdoor recreation and urban amenities. Situated in Rice County, Faribault is known for its historic downtown, vibrant community, and proximity to the scenic Cannon River and Sakatah Singing Hills State Trail.
Faribault serves as a gateway to southern Minnesota’s natural beauty. The nearby River Bend Nature Center features over 700 acres of prairies, forests, and wetlands, with miles of trails for hiking, birdwatching, and cross-country skiing. The Sakatah Singing Hills State Trail, a 39-mile paved trail connecting Faribault to Mankato, is ideal for cycling, walking, and snowmobiling. In addition, the Cannon River offers opportunities for kayaking, canoeing, and fishing, making it a popular destination for outdoor enthusiasts.
The town’s historic downtown district features charming shops, restaurants, and landmarks, including the iconic Faribault Woolen Mill, which has been producing high-quality wool products since 1865. The community hosts several annual events, such as the Heritage Days Festival, celebrating the town’s rich history and culture.
Proximity to larger cities:
50 miles south of Minneapolis, MN
60 miles southeast of St. Paul, MN
85 miles northwest of Rochester, MN
Nearby airports include Minneapolis-St. Paul International Airport (50 miles), Rochester International Airport (85 miles), and Mankato Regional Airport (35 miles).

Property Facts

Price $2,003,304 CAD
Price Per SF $43 CAD
Sale Type Investment or Owner User
Property Type Specialty
Building Size 46,075 SF
No. Stories 2
Year Built/Renovated 1880/2024
Walk Score ®
Very Walkable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code C2 (Commercial 2)
C2 (Commercial 2)
  • Listing ID: 34234512

  • Date on Market: 2024-12-18

  • Last Updated:

  • Address: 112 2nd SW ave, Faribault, MN 55021

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