Unique City Block Re-Use or Development Opportunity in Faribault

Name: Unique City Block Re-Use or Development Opportunity in Faribault
Creator: Northco

112 2nd Avenue Southwest, Faribault, MN 55021

$1,395,000

Sale Price

Lease Rate

Property Details

Property Description

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.

Highlights

Multi-building property featuring a sanctuary, school, and parsonage situated on an entire city block in Faribault, MN, offering significant redevelopment potential
Built in 1880, the 5,698 sq. ft. sanctuary includes seating for 570, a 985 sq. ft. balcony, lower level with classrooms, an assembly hall, and a kitchen/dining area
The 32,561 sq. ft. school, built in 1958, includes 16 classrooms with sink stations, offices, a cafeteria, and a gymnasium with a sports court, stage, and bleachers
7,680 sq. ft. parsonage offers additional potential, though it is need of renovation
Centrally located within Faribault, MN, with convenient access to local amenities and transportation
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
Ideal for institutional use, mixed-use redevelopment, or community-based projects in a vibrant and historic area

Map

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).